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CARG - CarGurus, Inc.

NASDAQ -> Communication Services -> Internet Content & Information
Cambridge, United States
Type: Equity

CARG price evolution
CARG
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $293.93 $366.95 $374.62 $471.68
Short term investments $20.72 $91.82 $90.49
Net receivables $39.96 $46.11 $37.82 $42.4
Inventory $0.33 $0.32 $0.54 $1.64
Total current assets $391.19 $535.37 $535.29 $543.21
Long term investments
Property, plant & equipment $253.05 $238.47 $238.15 $239.16
Goodwill & intangible assets $180.95 $187.75 $195.68 $203.24
Total noncurrent assets $527.74 $513.36 $505.03 $508.37
Total investments $20.72 $91.82 $90.49
Total assets $918.93 $1048.72 $1040.32 $1051.58
Current liabilities
Accounts payable $47.85 $37.48 $39.26 $42.7
Deferred revenue $21.32 $21.04 $21.27 $20.81
Short long term debt $12.28 $13.21 $13.87 $15.48
Total current liabilities $115.18 $108.64 $110.76 $124
Long term debt $182.11 $192.11 $193.18 $194.93
Total noncurrent liabilities $186.9 $196.56 $198.84 $199.3
Total debt $194.39 $205.32 $207.05 $210.41
Total liabilities $302.07 $305.19 $309.6 $323.3
Shareholders' equity
Retained earnings $354.15 $377.89 $355.59 $339.18
Other shareholder equity -$0.9 -$2.12 -$1.34 -$1.23
Total shareholder equity $616.85 $716.99 $700.85 $695.81
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $293.93 $484.13 $248.28 $200.93
Short term investments $20.72 $90 $100
Net receivables $39.96 $55.36 $189.32 $18.23
Inventory $0.33 $5.28 $19.66
Total current assets $391.19 $557.37 $563.11 $331.98
Long term investments
Property, plant & equipment $253.05 $97 $92.82 $88.32
Goodwill & intangible assets $180.95 $210.52 $242.2 $39.99
Total noncurrent assets $527.74 $369.74 $368.47 $170.32
Total investments $20.72 $90 $100
Total assets $918.93 $927.1 $931.57 $502.3
Current liabilities
Accounts payable $47.85 $32.53 $66.15 $21.56
Deferred revenue $21.32 $12.25 $12.78 $9.14
Short long term debt $12.28 $14.76 $13.19 $11.09
Total current liabilities $115.18 $98.73 $170.71 $66.54
Long term debt $182.11 $51.66 $57.52 $58.81
Total noncurrent liabilities $186.9 $57.01 $81.22 $62.18
Total debt $194.39 $66.42 $70.7 $69.89
Total liabilities $302.07 $192.49 $251.93 $128.71
Shareholders' equity
Retained earnings $354.15 $323.04 $129.26 $129.41
Other shareholder equity -$0.9 -$1.64 -$0.4 $1.88
Total shareholder equity $616.85 $734.61 $516.84 $373.59
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $223.12 $219.42 $239.74 $231.96
Cost of revenue $55.09 $55.12 $75.6 $76.98
Gross Profit $168.03 $164.3 $164.14 $154.98
Operating activities
Research & development $36.74 $35.43 $37.39 $36.61
Selling, general & administrative $149.49 $101.73 $105.11 $100.5
Total operating expenses $190.3 $141.2 $146.4 $140.92
Operating income -$22.27 $23.09 $17.74 $14.06
Income from continuing operations
EBIT -$11.69 $30.59 $25.01 $22.66
Income tax expense $6.21 $8.29 $8.6 $6.53
Interest expense
Net income
Net income -$17.91 $22.3 $16.41 $16.13
Income (for common shares) -$23.74 $22.3 $16.41 $16.13
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $914.24 $1655.04 $951.37 $551.45
Cost of revenue $262.79 $997.48 $294.01 $42.71
Gross Profit $651.45 $657.55 $657.36 $508.75
Operating activities
Research & development $146.17 $123.77 $106.42 $85.73
Selling, general & administrative $456.83 $409.82 $388.25 $319.14
Total operating expenses $618.83 $549.08 $509.09 $410.99
Operating income $32.63 $108.48 $148.27 $97.76
Income from continuing operations
EBIT $66.58 $116.8 $148.23 $99.11
Income tax expense $29.63 $32.41 $38.99 $21.56
Interest expense
Net income
Net income $36.94 $84.39 $109.24 $77.55
Income (for common shares) $31.1 $193.78 -$0.15 $77.55
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$17.91 $22.3 $16.41 $16.13
Operating activities
Depreciation $12.76 $12.47 $11.67 $11.58
Business acquisitions & disposals $2.65 -$0.31 -$2.6
Stock-based compensation $19.97 $14.26 $14.6 $14.9
Total cash flows from operations $2.5 $26.35 $29.34 $66.34
Investing activities
Capital expenditures -$20.39 -$9.13 -$5.34 -$5.89
Investments $71.19 -$1.24 -$90.51
Total cash flows from investing $53.45 -$10.68 -$98.45 -$5.89
Financing activities
Dividends paid
Sale and purchase of stock -$101.11 -$15.91 -$22.42 -$69
Net borrowings -$0.02 -$0.02 -$0.02 -$0.02
Total cash flows from financing -$129.96 -$22.62 -$27.83 -$73.24
Effect of exchange rate $0.98 -$0.72 -$0.12 $0.33
Change in cash and equivalents -$73.03 -$7.67 -$97.06 -$12.45
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $36.94 $84.39 $109.24 $77.55
Operating activities
Depreciation $48.47 $45.33 $40.48 $11.34
Business acquisitions & disposals -$0.26 -$64.27 -$21.06
Stock-based compensation $63.74 $54.78 $53.52 $45.09
Total cash flows from operations $124.53 $256.11 $98.29 $156.74
Investing activities
Capital expenditures -$40.75 -$17.27 -$13.88 -$7.53
Investments -$20.55 $90 $10 $11.69
Total cash flows from investing -$61.56 $72.73 -$68.15 -$16.89
Financing activities
Dividends paid
Sale and purchase of stock -$208.45 -$13.71 $0.66 $1.14
Net borrowings -$0.07 -$2.65 -$14.29 -$0.04
Total cash flows from financing -$253.64 -$92.62 $17.81 -$10.09
Effect of exchange rate $0.47 -$0.36 -$0.6 $0.44
Change in cash and equivalents -$190.21 $235.85 $47.35 $130.2
Fundamentals
Market cap $2.49B
Enterprise value $2.39B
Shares outstanding 108.17M
Revenue $914.24M
EBITDA $115.05M
EBIT $66.58M
Net Income $36.94M
Revenue Q/Q -22.19%
Revenue Y/Y -44.76%
P/E ratio 67.35
EV/Sales 2.61
EV/EBITDA 20.76
EV/EBIT 35.88
P/S ratio 2.72
P/B ratio 4.03
Book/Share 5.71
Cash/Share 2.72
EPS $0.34
ROA 3.64%
ROE 5.41%
Debt/Equity 0.49
Net debt/EBITDA 0.07
Current ratio 3.40
Quick ratio 3.39