CarGurus (CARG) Financials

$27.95 -0.06 (-0.21%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$27.94 0.00 (-0.02%)

As of 07:18 AM Eastern

Annual Income Statements for CarGurus

This table shows CarGurus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-18	-26	7.10	65	42	78	-0.15	194	31	21
Consolidated Net Income / (Loss)	-1.64	6.50	13	65	42	78	110	79	22	21
Net Income / (Loss) Continuing Operations	-1.64	6.50	13	65	42	78	110	79	22	21
Total Pre-Tax Income	-2.54	8.95	16	25	39	99	149	111	52	25
Total Operating Income	-2.53	8.57	15	23	34	98	148	108	33	13
Total Gross Profit	94	189	299	429	553	509	657	658	651	739
Total Revenue	99	198	317	454	589	551	951	1,655	914	894
Operating Revenue	99	198	317	454	589	551	951	1,655	914	894
Total Cost of Revenue	4.23	9.58	18	25	36	43	294	997	263	155
Operating Cost of Revenue	4.23	9.58	18	25	36	43	294	997	263	155
Total Operating Expenses	97	180	284	406	518	411	509	549	619	726
Selling, General & Admin Expense	5.80	13	23	39	50	62	98	73	153	112
Marketing Expense	82	154	236	316	394	257	291	337	304	322
Research & Development Expense	8.24	11	22	48	69	86	106	124	146	144
Depreciation Expense	0.97	1.63	2.66	2.80	4.55	6.12	14	15	16	12
Impairment Charge	-	-	-	-	-	-	-	0.00	0.00	135
Total Other Income / (Expense), net	-0.01	0.37	0.56	2.29	4.38	1.35	1.09	2.88	19	11
Interest & Investment Income	-	0.42	0.87	2.28	2.98	1.08	0.12	3.85	18	12
Other Income / (Expense), net	-0.01	-0.04	-0.31	0.01	1.40	0.28	0.97	-0.96	0.63	-0.94
Income Tax Expense	-0.90	2.45	2.64	-40	-3.44	22	39	32	30	3.69
Preferred Stock Dividends Declared	16	32	-	-	0.00	0.00	109	-109	5.84	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	6.10	-	0.00	0.00	1.13	-5.43	-15	0.00
Basic Earnings per Share	($0.41)	($0.58)	$0.13	$0.60	$0.38	$0.69	$0.00	$1.64	$0.27	$0.20
Weighted Average Basic Shares Outstanding	-	44.14M	54.60M	108.83M	111.45M	112.85M	117.14M	118.47M	113.24M	104.54M
Diluted Earnings per Share	($0.41)	($0.58)	$0.12	$0.57	$0.37	$0.68	$0.00	$0.62	$0.19	$0.20
Weighted Average Diluted Shares Outstanding	-	44.14M	54.60M	113.36M	113.43M	113.85M	117.14M	128.15M	114.19M	106.26M
Weighted Average Basic & Diluted Shares Outstanding	-	44.14M	54.60M	931M	112.30M	116.80M	118.07M	114.87M	107.44M	104.42M

This table shows CarGurus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	107	159	16	16	22	-24	21	-69	23	46
Consolidated Net Income / (Loss)	19	23	12	14	19	-23	21	-69	23	46
Net Income / (Loss) Continuing Operations	19	23	12	14	19	-23	21	-69	23	46
Total Pre-Tax Income	29	33	18	22	27	-16	30	-90	30	55
Total Operating Income	29	30	14	18	23	-22	26	-94	27	53
Total Gross Profit	151	137	155	164	164	168	175	182	183	199
Total Revenue	426	287	232	240	219	223	216	219	231	229
Operating Revenue	426	287	232	240	219	223	216	219	231	229
Total Cost of Revenue	276	150	77	76	55	55	41	36	49	30
Operating Cost of Revenue	276	150	77	76	55	55	41	36	49	30
Total Operating Expenses	122	107	141	146	141	190	149	276	155	146
Selling, General & Admin Expense	4.76	1.72	25	27	25	76	28	27	28	28
Marketing Expense	83	70	76	78	77	74	82	82	81	76
Research & Development Expense	30	32	37	37	35	37	36	37	36	36
Depreciation Expense	3.84	3.94	3.82	3.91	4.04	4.07	2.79	2.23	2.33	4.93
Total Other Income / (Expense), net	0.20	2.96	4.34	4.68	4.17	5.88	3.40	3.16	2.62	2.06
Interest & Investment Income	1.16	2.34	3.74	4.33	5.26	5.09	3.91	2.44	2.72	3.13
Other Income / (Expense), net	-0.96	0.62	0.60	0.35	-1.09	0.78	-0.51	0.72	-0.09	-1.07
Income Tax Expense	10	9.35	6.53	8.60	8.29	6.21	8.38	-22	7.55	9.46
Basic Earnings per Share	$0.90	$1.36	$0.14	$0.14	$0.20	($0.21)	$0.20	($0.66)	$0.22	$0.44
Weighted Average Basic Shares Outstanding	118.68M	118.47M	115.36M	113.44M	113.22M	113.24M	107.17M	103.83M	103.32M	104.54M
Diluted Earnings per Share	$0.14	$1.10	$0.10	$0.12	$0.17	($0.20)	$0.20	($0.66)	$0.21	$0.45
Weighted Average Diluted Shares Outstanding	132.24M	128.15M	115.92M	114.49M	114.32M	114.19M	108.63M	103.83M	105.06M	106.26M
Weighted Average Basic & Diluted Shares Outstanding	118.94M	114.87M	113.32M	113.50M	112.27M	107.44M	104.19M	103.37M	103.71M	104.42M

This table details how cash moves in and out of CarGurus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	55	-31	58	-52	33	130	47	236	-190	12
Net Cash From Operating Activities	13	20	26	52	70	157	98	256	125	255
Net Cash From Continuing Operating Activities	13	20	26	52	70	157	98	256	125	255
Net Income / (Loss) Continuing Operations	-1.64	6.50	13	65	42	78	110	79	22	21
Consolidated Net Income / (Loss)	-1.64	6.50	13	65	42	78	110	79	22	21
Depreciation Expense	1.12	2.07	3.80	5.03	7.82	10	40	45	48	25
Amortization Expense	4.65	1.93	0.23	7.98	8.42	12	13	11	12	14
Non-Cash Adjustments To Reconcile Net Income	0.65	0.01	6.27	22	33	48	59	56	79	251
Changes in Operating Assets and Liabilities, net	8.13	9.50	2.20	-49	-21	9.74	-124	64	-37	-56
Net Cash From Investing Activities	-7.62	-52	-13	-80	-22	-17	-68	73	-62	-73
Net Cash From Continuing Investing Activities	-7.62	-52	-13	-80	-22	-17	-68	73	-62	-73
Purchase of Property, Plant & Equipment	-7.62	-7.22	-7.37	-7.48	-14	-7.53	-14	-17	-41	-94
Acquisitions	-	-	0.00	0.00	-19	-21	-64	0.00	0.00	0.00
Purchase of Investments	-	-	-	-	-	-	-120	0.00	-98	-0.49
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	0.00	0.46	0.00
Sale and/or Maturity of Investments	0.00	15	45	140	189	112	130	90	77	21
Other Investing Activities, net	0.00	-60	-50	-213	-178	-100	0.00	0.00	-0.26	0.26
Net Cash From Financing Activities	50	0.69	45	-23	-15	-10	18	-93	-254	-169
Net Cash From Continuing Financing Activities	50	0.69	45	-23	-15	-10	18	-93	-254	-167
Repayment of Debt	-	-	-	-	0.00	0.00	-14	-2.58	0.00	0.00
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Repurchase of Common Equity	-18	-60	-	-	-	0.00	0.00	-14	-209	-146
Payment of Dividends	-	-	-	-	-	0.00	0.00	-20	-0.04	0.00
Other Financing Activities, net	0.09	0.96	-2.91	-23	-15	-10	32	-56	-45	-21
Effect of Exchange Rate Changes	0.00	-0.05	0.16	-0.04	-0.00	0.44	-0.60	-0.36	0.48	-1.60
Cash Interest Paid	0.02	0.03	-	-	-	0.00	0.00	0.06	0.57	0.77
Cash Income Taxes Paid	0.32	2.05	4.39	2.31	0.30	2.83	28	61	75	41

This table details how cash moves in and out of CarGurus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	66	57	-12	-97	-7.67	-73	-45	-31	32	55
Net Cash From Operating Activities	73	95	66	29	26	2.50	52	72	56	76
Net Cash From Continuing Operating Activities	73	95	66	29	26	2.68	52	72	56	76
Net Income / (Loss) Continuing Operations	19	23	12	14	19	-23	21	-69	23	46
Consolidated Net Income / (Loss)	19	23	12	14	19	-23	21	-69	23	46
Depreciation Expense	11	12	12	12	12	13	7.48	5.66	5.18	7.04
Amortization Expense	2.78	2.86	2.87	3.00	3.16	3.32	3.39	3.50	3.74	3.86
Non-Cash Adjustments To Reconcile Net Income	15	14	19	18	19	23	29	157	37	27
Changes in Operating Assets and Liabilities, net	26	44	21	-17	-28	-14	-9.40	-26	-12	-8.01
Net Cash From Investing Activities	26	-4.83	-5.89	-98	-11	53	-13	-31	-15	-14
Net Cash From Continuing Investing Activities	26	-4.83	-5.89	-98	-11	53	-13	-31	-15	-14
Purchase of Property, Plant & Equipment	-4.28	-4.83	-5.89	-5.80	-9.13	-20	-34	-31	-15	-14
Net Cash From Financing Activities	-32	-35	-73	-28	-23	-130	-83	-71	-10	-4.37
Net Cash From Continuing Financing Activities	-32	-35	-73	-28	-23	-130	-83	-71	-10	-2.79
Other Financing Activities, net	-22	-20	-4.19	-5.39	-6.67	-29	-5.60	-5.90	-6.58	-2.79
Effect of Exchange Rate Changes	-0.73	1.28	0.33	-0.12	-0.72	0.98	-0.58	-0.20	1.36	-2.18
Cash Interest Paid	0.03	0.04	0.14	0.14	0.13	0.16	0.14	0.17	0.30	0.16
Cash Income Taxes Paid	12	7.75	2.41	34	13	26	1.13	25	11	3.82

This table presents CarGurus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	100	177	268	394	502	932	927	919	825
Total Current Assets	86	157	195	219	332	563	557	391	391
Cash & Equivalents	29	88	35	60	190	232	470	291	304
Restricted Cash	-	0.00	2.67	0.25	0.25	6.71	5.24	2.56	2.04
Short-Term Investments	45	50	123	112	100	90	0.00	21	0.00
Accounts Receivable	6.65	13	14	22	18	189	47	40	44
Inventories, net	-	-	-	-	0.00	20	5.28	0.33	0.34
Prepaid Expenses	2.79	5.31	10	15	12	16	22	25	28
Other Current Assets	-	1.61	13	9.54	11	9.05	8.54	11	13
Plant, Property, & Equipment, net	13	17	24	28	27	32	40	83	130
Total Noncurrent Assets	2.04	2.83	47	147	143	336	330	444	303
Goodwill	-	0.00	0.00	15	29	158	157	158	46
Intangible Assets	-	0.00	0.00	3.92	11	84	53	23	12
Noncurrent Deferred & Refundable Income Taxes	0.00	0.83	39	43	20	13	35	73	107
Other Noncurrent Operating Assets	2.04	2.00	8.36	85	83	81	84	190	139
Total Liabilities & Shareholders' Equity	100	177	268	394	502	932	927	919	825
Total Liabilities	36	50	74	137	129	252	156	302	283
Total Current Liabilities	29	43	64	74	67	171	99	115	93
Accounts Payable	16	24	34	37	22	66	33	48	26
Accrued Expenses	8.38	14	19	18	25	79	39	34	36
Current Deferred Revenue	4.24	5.47	11	9.98	9.14	13	12	21	22
Other Current Liabilities	-	0.00	0.00	8.78	11	13	15	12	9.01
Total Noncurrent Liabilities	6.56	6.60	11	63	62	81	57	187	190
Noncurrent Deferred & Payable Income Tax Liabilities	0.29	0.00	0.00	0.28	0.29	0.06	0.05	0.06	0.03
Other Noncurrent Operating Liabilities	0.59	0.96	1.28	63	62	81	57	187	190
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-68	127	194	257	374	517	735	617	542
Total Preferred & Common Equity	-68	127	194	257	374	517	735	617	542
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-68	127	194	257	374	517	735	617	542
Common Stock	3.76	185	184	205	242	388	413	264	169
Retained Earnings	-72	-58	9.71	52	129	129	323	354	375
Accumulated Other Comprehensive Income / (Loss)	-0.03	0.23	0.07	-0.35	1.88	-0.40	-1.64	-0.90	-2.55

This table presents CarGurus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	983	1,052	1,040	1,049	871	753	778
Total Current Assets	604	543	535	535	324	288	327
Cash & Equivalents	404	457	363	355	246	216	247
Restricted Cash	14	15	12	12	2.79	2.20	3.99
Short-Term Investments	0.00	0.00	90	92	0.00	0.00	0.00
Accounts Receivable	120	42	38	46	44	40	45
Inventories, net	28	1.64	0.54	0.32	0.39	0.46	0.35
Prepaid Expenses	30	18	22	20	19	18	19
Other Current Assets	8.04	9.39	10	10	11	12	12
Plant, Property, & Equipment, net	37	43	48	55	108	130	127
Total Noncurrent Assets	342	466	457	459	439	335	325
Goodwill	156	158	158	157	158	47	47
Intangible Assets	61	46	38	30	21	13	12
Noncurrent Deferred & Refundable Income Taxes	44	47	52	68	82	118	121
Other Noncurrent Operating Assets	81	215	209	203	178	158	145
Total Liabilities & Shareholders' Equity	983	1,052	1,040	1,049	871	753	778
Total Liabilities	232	323	310	305	302	301	295
Total Current Liabilities	149	124	111	109	116	112	111
Accounts Payable	67	43	39	37	46	46	47
Accrued Expenses	57	45	36	37	38	34	32
Current Deferred Revenue	13	21	21	21	21	22	22
Other Current Liabilities	12	15	14	13	10	10	9.89
Total Noncurrent Liabilities	83	199	199	197	186	189	184
Noncurrent Deferred & Payable Income Tax Liabilities	0.02	0.03	0.04	0.06	0.04	0.04	0.00
Other Noncurrent Operating Liabilities	83	199	199	196	186	189	184
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	578	696	701	717	568	452	483
Total Preferred & Common Equity	578	696	701	717	568	452	483
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	578	696	701	717	568	452	483
Common Stock	418	358	347	341	194	147	155
Retained Earnings	164	339	356	378	375	307	329
Accumulated Other Comprehensive Income / (Loss)	-4.00	-1.23	-1.34	-2.12	-1.50	-1.70	-0.32

This table displays calculated financial ratios and metrics derived from CarGurus' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	100.98%	59.92%	43.31%	29.69%	-6.36%	72.52%	73.96%	-44.76%	-2.17%
EBITDA Growth	0.00%	287.14%	51.58%	90.67%	43.49%	130.65%	68.88%	-18.93%	-42.66%	-44.38%
EBIT Growth	0.00%	435.79%	75.50%	55.00%	53.96%	174.45%	52.23%	-27.96%	-69.07%	-62.51%
NOPAT Growth	0.00%	451.79%	104.48%	365.89%	-36.98%	104.67%	43.24%	-29.81%	-81.90%	-18.05%
Net Income Growth	0.00%	497.13%	103.16%	393.75%	-35.33%	84.01%	42.32%	-28.47%	-72.07%	-4.90%
EPS Growth	0.00%	-41.46%	120.69%	375.00%	-35.09%	83.78%	-100.00%	0.00%	-69.35%	5.26%
Operating Cash Flow Growth	0.00%	54.89%	28.43%	101.33%	35.56%	123.55%	-37.29%	160.56%	-51.38%	105.17%
Free Cash Flow Firm Growth	0.00%	0.00%	-11.81%	7.05%	-193.26%	665.74%	-301.90%	182.90%	-93.66%	838.98%
Invested Capital Growth	0.00%	0.00%	-12.18%	415.92%	151.81%	-2.30%	322.70%	-15.50%	1.89%	-22.09%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.48%	5.76%	-1.18%	24.59%	-3.08%	-6.51%	0.61%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	56.55%	10.11%	17.91%	12.02%	-7.67%	-34.82%	422.95%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	45.75%	23.85%	23.35%	8.85%	-11.69%	-60.87%	120.36%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	19.92%	3.99%	20.10%	8.37%	-14.02%	-75.58%	126.23%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	18.52%	1.74%	18.29%	8.87%	-12.16%	-67.52%	144.14%
EPS Q/Q Growth	0.00%	0.00%	0.00%	18.75%	2.78%	17.24%	0.00%	0.00%	-87.25%	144.44%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	41.98%	23.89%	5.16%	21.16%	-46.29%	106.48%	-42.70%	40.19%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	80.10%	-21.59%	-27.87%	77.70%	-92.06%	816.36%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	48.13%	-33.82%	-9.81%	10.71%	-10.82%	6.13%	1.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	95.71%	95.17%	94.44%	94.54%	93.84%	92.26%	69.10%	39.73%	71.26%	82.62%
EBITDA Margin	3.28%	6.32%	5.99%	7.97%	8.82%	21.73%	21.27%	9.91%	10.29%	5.85%
Operating Margin	-2.56%	4.33%	4.82%	5.11%	5.83%	17.73%	15.58%	6.55%	3.57%	1.50%
EBIT Margin	-2.58%	4.30%	4.72%	5.11%	6.07%	17.78%	15.69%	6.50%	3.64%	1.39%
Profit (Net Income) Margin	-1.66%	3.28%	4.17%	14.35%	7.16%	14.06%	11.60%	4.77%	2.41%	2.34%
Tax Burden Percent	64.41%	72.63%	83.34%	255.73%	108.89%	78.25%	73.90%	70.90%	42.67%	85.06%
Interest Burden Percent	100.00%	104.88%	105.81%	109.84%	108.35%	101.10%	100.08%	103.58%	155.42%	197.76%
Effective Tax Rate	0.00%	27.37%	16.66%	-155.73%	-8.89%	21.75%	26.10%	29.10%	57.33%	14.95%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	514.16%	62.95%	91.05%	50.49%	23.75%	4.65%	4.24%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	510.23%	60.07%	90.59%	50.23%	23.24%	2.59%	1.16%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	-473.58%	-44.26%	-66.44%	-29.53%	-12.87%	-1.47%	-0.62%
Return on Equity (ROE)	0.00%	10.04%	13.77%	40.59%	18.69%	24.60%	20.96%	10.88%	3.18%	3.62%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	44.05%	-23.36%	93.38%	-72.99%	40.55%	2.78%	29.07%
Operating Return on Assets (OROA)	0.00%	8.50%	10.81%	10.43%	10.79%	21.88%	20.82%	11.57%	3.60%	1.43%
Return on Assets (ROA)	0.00%	6.48%	9.53%	29.30%	12.73%	17.31%	15.40%	8.50%	2.39%	2.41%
Return on Common Equity (ROCE)	0.00%	-10.54%	4.24%	40.59%	18.69%	24.60%	17.72%	9.39%	3.09%	3.62%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-9.56%	10.39%	33.57%	16.41%	20.76%	21.36%	10.75%	3.58%	3.87%
Net Operating Profit after Tax (NOPAT)	-1.77	6.23	13	59	37	76	110	77	14	11
NOPAT Margin	-1.79%	3.14%	4.02%	13.06%	6.35%	13.87%	11.52%	4.65%	1.52%	1.28%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.73%	0.44%	3.93%	2.87%	0.46%	0.26%	0.51%	2.06%	3.08%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	10.47%	2.26%	2.11%
Cost of Revenue to Revenue	4.29%	4.83%	5.56%	5.46%	6.16%	7.74%	30.90%	60.27%	28.74%	17.38%
SG&A Expenses to Revenue	5.88%	6.45%	7.16%	8.69%	8.56%	11.27%	10.27%	4.42%	16.71%	12.53%
R&D to Revenue	8.35%	5.78%	7.09%	10.54%	11.79%	15.55%	11.19%	7.48%	15.99%	16.15%
Operating Expenses to Revenue	98.27%	90.84%	89.62%	89.43%	88.01%	74.53%	53.51%	33.18%	67.69%	81.12%
Earnings before Interest and Taxes (EBIT)	-2.54	8.53	15	23	36	98	149	108	33	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.24	13	19	36	52	120	202	164	94	52
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	25.04	19.13	15.33	9.62	7.66	2.27	4.40	7.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	25.04	19.13	16.57	10.77	14.41	3.18	6.22	7.83
Price to Revenue (P/Rev)	0.00	0.00	10.04	8.18	6.69	6.52	4.16	1.01	2.97	4.24
Price to Earnings (P/E)	0.00	0.00	447.91	56.97	93.45	46.33	0.00	8.60	87.21	180.69
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.22%	1.76%	1.07%	2.16%	0.00%	11.63%	1.15%	0.55%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	105.25	44.32	39.77	10.81	4.14	7.93	14.79
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	9.60	7.82	6.40	5.99	3.99	0.74	2.62	3.89
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	160.24	98.12	72.50	27.56	18.74	7.49	25.49	66.58
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	203.29	153.12	105.44	33.69	25.42	11.42	72.10	279.38
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	239.04	59.90	100.78	43.17	34.62	15.97	172.24	305.35
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	118.44	68.68	53.72	21.07	38.59	4.80	19.26	13.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	219.07	238.92	0.00	42.10	0.00	9.35	288.10	44.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-1.15	-1.11	-0.93	-0.74	-0.73	-0.59	-0.55	-0.57	-0.54
Leverage Ratio	0.00	1.55	1.44	1.39	1.47	1.42	1.36	1.28	1.33	1.50
Compound Leverage Factor	0.00	1.63	1.53	1.52	1.59	1.44	1.36	1.33	2.07	2.98
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	205.02%	0.00%	0.00%	0.00%	0.00%	23.95%	4.76%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-105.02%	100.00%	100.00%	100.00%	100.00%	76.05%	95.24%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	40.89	32.65	19.70	19.49	11.68	9.67	7.40	10.24
Noncontrolling Interest Sharing Ratio	0.00%	205.02%	69.20%	0.00%	0.00%	0.00%	15.46%	13.75%	2.65%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.94	3.66	3.07	2.97	4.99	3.30	5.65	3.40	4.20
Quick Ratio	0.00	2.79	3.50	2.70	2.63	4.64	3.00	5.23	3.06	3.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	16	14	15	-14	78	-158	131	8.32	78
Operating Cash Flow to CapEx	169.60%	277.14%	348.49%	691.67%	492.87%	2,081.30%	708.36%	1,482.95%	305.58%	271.95%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.97	2.29	2.04	1.78	1.23	1.33	1.78	0.99	1.03
Accounts Receivable Turnover	0.00	29.78	32.95	34.68	32.96	27.33	9.17	14.02	21.07	21.24
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	80.00	93.64	464.69
Fixed Asset Turnover	0.00	15.50	21.60	22.24	22.56	19.90	31.88	45.76	14.81	8.38
Accounts Payable Turnover	0.00	0.58	0.87	0.85	1.02	1.47	6.70	20.22	6.54	4.19
Days Sales Outstanding (DSO)	0.00	12.26	11.08	10.53	11.07	13.36	39.82	26.04	17.32	17.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.56	3.90	0.79
Days Payable Outstanding (DPO)	0.00	626.16	418.02	428.49	357.34	249.11	54.45	18.05	55.82	87.19
Cash Conversion Cycle (CCC)	0.00	-613.91	-406.95	-417.96	-346.26	-235.76	-14.63	12.55	-34.60	-69.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-9.52	-11	34	85	83	351	297	302	235
Invested Capital Turnover	0.00	-41.61	-31.36	39.37	9.92	6.56	4.38	5.11	3.05	3.33
Increase / (Decrease) in Invested Capital	0.00	-9.52	-1.16	44	51	-1.96	268	-54	5.60	-67
Enterprise Value (EV)	0.00	0.00	3,043	3,553	3,767	3,302	3,793	1,228	2,398	3,483
Market Capitalization	0.00	0.00	3,181	3,713	3,938	3,593	3,959	1,666	2,712	3,789
Book Value per Share	$0.00	($1.54)	$1.20	$1.76	$2.29	$3.30	$4.39	$6.18	$5.49	$5.22
Tangible Book Value per Share	$0.00	($1.54)	$1.20	$1.76	$2.12	$2.95	$2.33	$4.41	$3.88	$4.66
Total Capital	0.00	65	127	194	257	374	680	771	617	542
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-74	-138	-160	-172	-291	-329	-475	-315	-306
Capital Expenditures (CapEx)	7.62	7.22	7.37	7.48	14	7.53	14	17	41	94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-18	-23	-29	-27	-25	64	-16	-39	-8.07
Debt-free Net Working Capital (DFNWC)	0.00	56	114	131	145	265	392	459	276	298
Net Working Capital (NWC)	0.00	56	114	131	145	265	392	459	276	298
Net Nonoperating Expense (NNE)	-0.13	-0.27	-0.47	-5.86	-4.77	-1.06	-0.81	-2.04	-8.13	-9.56
Net Nonoperating Obligations (NNO)	0.00	-74	-138	-160	-172	-291	-329	-475	-315	-306
Total Depreciation and Amortization (D&A)	5.78	4.00	4.02	13	16	22	53	57	61	40
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-8.98%	-7.41%	-6.39%	-4.53%	-4.55%	6.70%	-0.97%	-4.23%	-0.90%
Debt-free Net Working Capital to Revenue	0.00%	28.49%	36.05%	28.93%	24.65%	48.13%	41.25%	27.71%	30.19%	33.34%
Net Working Capital to Revenue	0.00%	28.49%	36.05%	28.93%	24.65%	48.13%	41.25%	27.71%	30.19%	33.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.13	$0.60	$0.38	$0.69	$0.00	$1.64	$0.27	$0.20
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	106.13M	110.79M	112.30M	112.85M	117.14M	118.47M	113.24M	104.54M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.12	$0.57	$0.37	$0.68	$0.00	$0.62	$0.19	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	106.13M	110.79M	112.30M	113.85M	117.14M	128.15M	114.19M	106.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	106.13M	110.79M	112.30M	116.80M	118.07M	114.87M	107.44M	104.42M
Normalized Net Operating Profit after Tax (NOPAT)	-1.77	6.23	13	16	24	76	110	77	23	126
Normalized NOPAT Margin	-1.79%	3.14%	4.02%	3.58%	4.08%	13.87%	11.52%	4.65%	2.50%	14.07%
Pre Tax Income Margin	-2.58%	4.51%	5.00%	5.61%	6.57%	17.97%	15.70%	6.73%	5.65%	2.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.22%	0.17%	0.00%
Augmented Payout Ratio	-1,100.24%	923.50%	0.00%	0.00%	0.00%	0.00%	0.00%	43.49%	945.73%	697.02%

This table displays calculated financial ratios and metrics derived from CarGurus' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	91.31%	-15.50%	-46.13%	-53.11%	-48.55%	-22.19%	-6.97%	-8.78%	5.44%	2.43%
EBITDA Growth	-22.95%	-23.31%	-28.15%	-11.65%	-9.67%	-112.06%	25.95%	-355.58%	-3.64%	1,267.44%
EBIT Growth	-31.13%	-32.00%	-44.71%	-21.63%	-20.57%	-171.04%	75.92%	-613.48%	24.27%	343.04%
NOPAT Growth	-35.90%	-37.23%	-52.08%	-39.87%	-14.02%	-173.79%	107.99%	-699.21%	27.83%	383.42%
Net Income Growth	-35.68%	-31.99%	-37.01%	-23.50%	0.79%	-197.30%	79.51%	-597.37%	18.65%	302.99%
EPS Growth	-41.67%	0.00%	118.87%	233.33%	21.43%	-118.18%	100.00%	-650.00%	23.53%	325.00%
Operating Cash Flow Growth	36.26%	359.18%	-28.71%	636.80%	-64.01%	-97.38%	-21.68%	144.06%	113.27%	2,934.33%
Free Cash Flow Firm Growth	101.60%	132.23%	540.56%	6,087.00%	1,942.11%	-128.05%	-157.44%	-137.29%	13.51%	623.59%
Invested Capital Growth	4.91%	-15.50%	-20.74%	-22.97%	-14.39%	1.89%	24.41%	-12.01%	-18.27%	-22.09%
Revenue Q/Q Growth	-16.58%	-32.76%	-19.10%	3.35%	-8.48%	1.69%	-3.28%	1.34%	5.79%	-1.22%
EBITDA Q/Q Growth	12.38%	7.64%	-35.11%	12.55%	14.90%	-114.37%	777.89%	-328.38%	143.32%	74.08%
EBIT Q/Q Growth	20.03%	9.18%	-51.54%	23.41%	21.65%	-197.65%	220.00%	-460.23%	129.44%	90.97%
NOPAT Q/Q Growth	2.82%	12.99%	-57.07%	20.56%	47.02%	-196.97%	221.01%	-447.33%	131.36%	114.99%
Net Income Q/Q Growth	4.22%	23.41%	-48.92%	16.44%	37.32%	-219.13%	194.24%	-422.62%	132.76%	103.82%
EPS Q/Q Growth	255.56%	685.71%	-90.91%	20.00%	41.67%	-217.65%	200.00%	-430.00%	131.82%	114.29%
Operating Cash Flow Q/Q Growth	1,439.58%	30.18%	-30.39%	-55.78%	-10.18%	-90.53%	1,981.89%	37.78%	-21.51%	34.77%
Free Cash Flow Firm Q/Q Growth	307.94%	2,312.15%	0.92%	18.27%	-29.07%	-133.14%	-106.63%	23.22%	315.92%	52.85%
Invested Capital Q/Q Growth	-3.54%	-10.82%	-13.49%	3.51%	7.21%	6.13%	5.64%	-26.79%	-0.42%	1.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.36%	47.79%	66.81%	68.47%	74.88%	75.31%	81.08%	83.43%	78.90%	87.07%
EBITDA Margin	9.77%	15.64%	12.54%	13.66%	17.15%	-2.42%	16.98%	-38.27%	15.67%	27.62%
Operating Margin	6.72%	10.33%	6.06%	7.40%	10.53%	-9.98%	12.18%	-42.79%	11.86%	23.31%
EBIT Margin	6.50%	10.55%	6.32%	7.54%	10.03%	-9.63%	11.95%	-42.46%	11.82%	22.85%
Profit (Net Income) Margin	4.41%	8.10%	5.12%	5.76%	8.65%	-10.13%	9.87%	-31.42%	9.73%	20.08%
Tax Burden Percent	65.23%	71.30%	64.50%	61.63%	69.60%	137.91%	71.76%	76.00%	74.89%	82.91%
Interest Burden Percent	104.18%	107.73%	125.54%	123.96%	123.91%	76.29%	115.15%	97.37%	109.94%	105.99%
Effective Tax Rate	34.77%	28.70%	35.50%	38.37%	30.41%	0.00%	28.24%	0.00%	25.11%	17.09%
Return on Invested Capital (ROIC)	23.04%	37.65%	19.62%	17.70%	23.21%	-21.33%	27.26%	-105.23%	30.51%	64.30%
ROIC Less NNEP Spread (ROIC-NNEP)	23.01%	37.12%	18.96%	17.02%	22.54%	-19.55%	26.58%	-104.29%	29.96%	63.75%
Return on Net Nonoperating Assets (RNNOA)	-12.29%	-20.56%	-11.28%	-9.89%	-13.23%	11.12%	-14.78%	60.26%	-17.32%	-34.17%
Return on Equity (ROE)	10.75%	17.09%	8.34%	7.81%	9.98%	-10.21%	12.48%	-44.97%	13.19%	30.14%
Cash Return on Invested Capital (CROIC)	22.75%	40.55%	46.18%	45.50%	33.97%	2.78%	-13.96%	-5.86%	3.30%	29.07%
Operating Return on Assets (OROA)	12.30%	18.78%	9.21%	8.72%	9.65%	-9.54%	11.16%	-41.53%	11.50%	23.44%
Return on Assets (ROA)	8.36%	14.43%	7.46%	6.66%	8.32%	-10.03%	9.22%	-30.73%	9.47%	20.60%
Return on Common Equity (ROCE)	9.00%	14.74%	6.75%	6.23%	8.65%	-9.94%	12.17%	-43.83%	12.90%	30.14%
Return on Equity Simple (ROE_SIMPLE)	15.55%	0.00%	10.35%	9.67%	9.47%	0.00%	5.54%	-11.29%	-9.83%	0.00%
Net Operating Profit after Tax (NOPAT)	19	21	9.07	11	16	-16	19	-66	21	44
NOPAT Margin	4.38%	7.37%	3.91%	4.56%	7.33%	-6.99%	8.74%	-29.95%	8.88%	19.33%
Net Nonoperating Expense Percent (NNEP)	0.04%	0.53%	0.66%	0.68%	0.66%	-1.78%	0.68%	-0.94%	0.55%	0.55%
Return On Investment Capital (ROIC_SIMPLE)	-	2.88%	-	-	-	-2.53%	-	-	-	8.15%
Cost of Revenue to Revenue	64.64%	52.21%	33.19%	31.53%	25.12%	24.69%	18.92%	16.57%	21.10%	12.93%
SG&A Expenses to Revenue	1.12%	0.60%	10.74%	11.37%	11.35%	33.91%	13.01%	12.54%	12.18%	12.42%
R&D to Revenue	7.08%	11.00%	15.78%	15.60%	16.15%	16.46%	16.47%	16.73%	15.72%	15.73%
Operating Expenses to Revenue	28.64%	37.46%	60.75%	61.07%	64.35%	85.29%	68.90%	126.22%	67.05%	63.76%
Earnings before Interest and Taxes (EBIT)	28	30	15	18	22	-21	26	-93	27	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	45	29	33	38	-5.41	37	-84	36	63
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.91	2.27	3.08	3.66	2.77	4.40	4.56	6.04	6.42	7.00
Price to Tangible Book Value (P/TBV)	4.66	3.18	4.36	5.08	3.76	6.22	6.65	6.95	7.32	7.83
Price to Revenue (P/Rev)	0.98	1.01	1.47	2.16	2.03	2.97	2.89	3.11	3.49	4.24
Price to Earnings (P/E)	0.00	8.60	7.89	8.58	9.29	87.21	71.44	0.00	0.00	180.69
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	11.63%	12.68%	11.65%	10.77%	1.15%	1.40%	0.00%	0.00%	0.55%
Enterprise Value to Invested Capital (EV/IC)	4.32	4.14	6.65	8.02	5.47	7.93	7.34	10.75	12.26	14.79
Enterprise Value to Revenue (EV/Rev)	0.84	0.74	1.17	1.80	1.59	2.62	2.61	2.86	3.21	3.89
Enterprise Value to EBITDA (EV/EBITDA)	8.08	7.49	11.18	14.35	10.78	25.49	23.05	0.00	0.00	66.58
Enterprise Value to EBIT (EV/EBIT)	11.80	11.42	17.84	23.48	18.31	72.10	52.77	0.00	0.00	279.38
Enterprise Value to NOPAT (EV/NOPAT)	16.06	15.97	25.52	35.68	27.30	172.24	104.43	0.00	0.00	305.35
Enterprise Value to Operating Cash Flow (EV/OCF)	11.58	4.80	7.44	8.06	7.16	19.26	21.26	16.48	15.66	13.63
Enterprise Value to Free Cash Flow (EV/FCFF)	19.44	9.35	12.73	15.33	14.84	288.10	0.00	0.00	334.58	44.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.53	-0.55	-0.60	-0.58	-0.59	-0.57	-0.56	-0.58	-0.58	-0.54
Leverage Ratio	1.29	1.28	1.39	1.41	1.36	1.33	1.48	1.52	1.49	1.50
Compound Leverage Factor	1.35	1.38	1.75	1.74	1.68	1.01	1.71	1.48	1.64	1.60
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	23.00%	4.76%	4.46%	4.09%	3.57%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.00%	95.24%	95.54%	95.91%	96.43%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.96	9.39	6.34	7.13	5.90	7.21	7.16	7.05	8.50	10.40
Noncontrolling Interest Sharing Ratio	16.30%	13.75%	19.00%	20.20%	13.33%	2.65%	2.50%	2.53%	2.16%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.06	5.65	4.38	4.83	4.93	3.40	2.78	2.57	2.95	4.20
Quick Ratio	3.52	5.23	4.03	4.44	4.54	3.06	2.50	2.28	2.63	3.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3.13	76	76	90	64	-21	-44	-34	73	111
Operating Cash Flow to CapEx	1,710.47%	1,974.37%	1,126.97%	505.79%	288.48%	12.24%	152.25%	229.29%	377.28%	552.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.89	1.78	1.46	1.16	0.96	0.99	0.93	0.98	0.97	1.03
Accounts Receivable Turnover	16.64	14.02	15.57	10.25	11.77	21.07	20.72	22.61	19.61	21.24
Inventory Turnover	58.30	80.00	72.98	52.01	25.09	93.64	223.51	374.58	541.85	464.69
Fixed Asset Turnover	51.43	45.76	38.40	28.35	21.37	14.81	11.90	9.84	9.81	8.38
Accounts Payable Turnover	16.45	20.22	15.79	10.19	6.83	6.54	5.08	4.39	4.27	4.19
Days Sales Outstanding (DSO)	21.93	26.04	23.45	35.62	31.01	17.32	17.62	16.14	18.61	17.18
Days Inventory Outstanding (DIO)	6.26	4.56	5.00	7.02	14.55	3.90	1.63	0.97	0.67	0.79
Days Payable Outstanding (DPO)	22.19	18.05	23.11	35.82	53.43	55.82	71.81	83.18	85.43	87.19
Cash Conversion Cycle (CCC)	6.01	12.55	5.34	6.82	-7.87	-34.60	-52.55	-66.07	-66.15	-69.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	333	297	257	266	285	302	319	234	233	235
Invested Capital Turnover	5.26	5.11	5.02	3.88	3.17	3.05	3.12	3.51	3.44	3.33
Increase / (Decrease) in Invested Capital	16	-54	-67	-79	-48	5.60	63	-32	-52	-67
Enterprise Value (EV)	1,436	1,228	1,707	2,129	1,556	2,398	2,342	2,511	2,853	3,483
Market Capitalization	1,682	1,666	2,146	2,564	1,988	2,712	2,591	2,730	3,104	3,789
Book Value per Share	$4.87	$6.18	$6.06	$6.18	$6.32	$5.49	$5.30	$4.34	$4.68	$5.22
Tangible Book Value per Share	$3.04	$4.41	$4.29	$4.46	$4.66	$3.88	$3.64	$3.77	$4.10	$4.66
Total Capital	751	771	728	731	744	617	568	452	483	542
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-418	-475	-472	-465	-459	-315	-249	-218	-251	-306
Capital Expenditures (CapEx)	4.28	4.83	5.89	5.80	9.13	20	34	31	15	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	37	-16	-52	-41	-32	-39	-42	-42	-35	-8.07
Debt-free Net Working Capital (DFNWC)	455	459	419	425	427	276	207	176	216	298
Net Working Capital (NWC)	455	459	419	425	427	276	207	176	216	298
Net Nonoperating Expense (NNE)	-0.13	-2.11	-2.80	-2.88	-2.90	7.02	-2.44	3.21	-1.96	-1.71
Net Nonoperating Obligations (NNO)	-418	-475	-472	-465	-459	-315	-249	-218	-251	-306
Total Depreciation and Amortization (D&A)	14	15	14	15	16	16	11	9.17	8.92	11
Debt-free, Cash-free Net Working Capital to Revenue	2.17%	-0.97%	-3.60%	-3.43%	-3.28%	-4.23%	-4.64%	-4.80%	-3.90%	-0.90%
Debt-free Net Working Capital to Revenue	26.64%	27.71%	28.78%	35.83%	43.64%	30.19%	23.10%	20.10%	24.30%	33.34%
Net Working Capital to Revenue	26.64%	27.71%	28.78%	35.83%	43.64%	30.19%	23.10%	20.10%	24.30%	33.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	$1.36	$0.14	$0.14	$0.20	($0.21)	$0.20	($0.66)	$0.22	$0.44
Adjusted Weighted Average Basic Shares Outstanding	118.68M	118.47M	115.36M	113.44M	113.22M	113.24M	107.17M	103.83M	103.32M	104.54M
Adjusted Diluted Earnings per Share	$0.14	$1.10	$0.10	$0.12	$0.17	($0.20)	$0.20	($0.66)	$0.21	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	132.24M	128.15M	115.92M	114.49M	114.32M	114.19M	108.63M	103.83M	105.06M	106.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	118.94M	114.87M	113.32M	113.50M	112.27M	107.44M	104.19M	103.37M	103.71M	104.42M
Normalized Net Operating Profit after Tax (NOPAT)	19	21	9.07	11	16	-16	19	24	26	44
Normalized NOPAT Margin	4.38%	7.37%	3.91%	4.56%	7.33%	-6.99%	8.74%	10.85%	11.16%	19.33%
Pre Tax Income Margin	6.77%	11.36%	7.93%	9.35%	12.42%	-7.35%	13.76%	-41.35%	12.99%	24.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.08%	25.22%	15.87%	10.72%	0.16%	0.17%	0.03%	0.00%	0.00%	0.00%
Augmented Payout Ratio	22.08%	43.49%	131.80%	167.03%	179.63%	945.73%	689.00%	-508.41%	-520.49%	697.02%

Frequently Asked Questions About CarGurus' Financials

When does CarGurus's financial year end?

According to the most recent income statement we have on file, CarGurus' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CarGurus' net income changed over the last 9 years?

CarGurus' net income appears to be on an upward trend, with a most recent value of $20.97 million in 2024, falling from -$1.64 million in 2015. The previous period was $22.05 million in 2023. Check out CarGurus' forecast to explore projected trends and price targets.

What is CarGurus's operating income?

CarGurus's total operating income in 2024 was $13.41 million, based on the following breakdown:

Total Gross Profit: $738.95 million
Total Operating Expenses: $725.53 million

How has CarGurus revenue changed over the last 9 years?

Over the last 9 years, CarGurus' total revenue changed from $98.59 million in 2015 to $894.38 million in 2024, a change of 807.2%.

How much debt does CarGurus have?

CarGurus' total liabilities were at $282.85 million at the end of 2024, a 6.4% decrease from 2023, and a 694.4% increase since 2016.

How much cash does CarGurus have?

In the past 8 years, CarGurus' cash and equivalents has ranged from $29.48 million in 2016 to $469.52 million in 2022, and is currently $304.19 million as of their latest financial filing in 2024.

How has CarGurus' book value per share changed over the last 9 years?

Over the last 9 years, CarGurus' book value per share changed from 0.00 in 2015 to 5.22 in 2024, a change of 522.3%.

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This page (NASDAQ:CARG) was last updated on 5/7/2025 by MarketBeat.com Staff

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CarGurus (CARG) Financials

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CarGurus (CARG) Financials

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