CarGurus (CARG) Financials

$31.71 +0.56 (+1.80%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$31.38 -0.33 (-1.05%)

As of 04:11 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	21	31	194	-0.15	78	42	65	7.10	-26	-18
Consolidated Net Income / (Loss)	21	22	79	110	78	42	65	13	6.50	-1.64
Net Income / (Loss) Continuing Operations	21	22	79	110	78	42	65	13	6.50	-1.64
Total Pre-Tax Income	25	52	111	149	99	39	25	16	8.95	-2.54
Total Operating Income	13	33	108	148	98	34	23	15	8.57	-2.53
Total Gross Profit	739	651	658	657	509	553	429	299	189	94
Total Revenue	894	914	1,655	951	551	589	454	317	198	99
Operating Revenue	894	914	1,655	951	551	589	454	317	198	99
Total Cost of Revenue	155	263	997	294	43	36	25	18	9.58	4.23
Operating Cost of Revenue	155	263	997	294	43	36	25	18	9.58	4.23
Total Operating Expenses	726	619	549	509	411	518	406	284	180	97
Selling, General & Admin Expense	112	153	73	98	62	50	39	23	13	5.80
Marketing Expense	322	304	337	291	257	394	316	236	154	82
Research & Development Expense	144	146	124	106	86	69	48	22	11	8.24
Depreciation Expense	12	16	15	14	6.12	4.55	2.80	2.66	1.63	0.97
Impairment Charge	135	0.00	0.00	-	-	-	-	-	-	-
Total Other Income / (Expense), net	11	19	2.88	1.09	1.35	4.38	2.29	0.56	0.37	-0.01
Interest & Investment Income	12	18	3.85	0.12	1.08	2.98	2.28	0.87	0.42	-
Other Income / (Expense), net	-0.94	0.63	-0.96	0.97	0.28	1.40	0.01	-0.31	-0.04	-0.01
Income Tax Expense	3.69	30	32	39	22	-3.44	-40	2.64	2.45	-0.90
Preferred Stock Dividends Declared	0.00	5.84	-109	109	0.00	0.00	-	-	32	16
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-15	-5.43	1.13	0.00	0.00	-	6.10	0.00	0.00
Basic Earnings per Share	$0.20	$0.27	$1.64	$0.00	$0.69	$0.38	$0.60	$0.13	($0.58)	($0.41)
Weighted Average Basic Shares Outstanding	104.54M	113.24M	118.47M	117.14M	112.85M	111.45M	108.83M	54.60M	44.14M	-
Diluted Earnings per Share	$0.20	$0.19	$0.62	$0.00	$0.68	$0.37	$0.57	$0.12	($0.58)	($0.41)
Weighted Average Diluted Shares Outstanding	106.26M	114.19M	128.15M	117.14M	113.85M	113.43M	113.36M	54.60M	44.14M	-
Weighted Average Basic & Diluted Shares Outstanding	104.42M	107.44M	114.87M	118.07M	116.80M	112.30M	931M	54.60M	44.14M	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	39	46	23	-69	21	-24	22	16	16	159	107
Consolidated Net Income / (Loss)	39	46	23	-69	21	-23	19	14	12	23	19
Net Income / (Loss) Continuing Operations	39	46	23	-69	21	-23	19	14	12	23	19
Total Pre-Tax Income	49	55	30	-90	30	-16	27	22	18	33	29
Total Operating Income	46	53	27	-94	26	-22	23	18	14	30	29
Total Gross Profit	200	199	183	182	175	168	164	164	155	137	151
Total Revenue	225	229	231	219	216	223	219	240	232	287	426
Operating Revenue	225	229	231	219	216	223	219	240	232	287	426
Total Cost of Revenue	25	30	49	36	41	55	55	76	77	150	276
Operating Cost of Revenue	25	30	49	36	41	55	55	76	77	150	276
Total Operating Expenses	154	146	155	276	149	190	141	146	141	107	122
Selling, General & Admin Expense	27	28	28	27	28	76	25	27	25	1.72	4.76
Marketing Expense	87	76	81	82	82	74	77	78	76	70	83
Research & Development Expense	36	36	36	37	36	37	35	37	37	32	30
Depreciation Expense	4.21	4.93	2.33	2.23	2.79	4.07	4.04	3.91	3.82	3.94	3.84
Total Other Income / (Expense), net	2.80	2.06	2.62	3.16	3.40	5.88	4.17	4.68	4.34	2.96	0.20
Interest & Investment Income	3.10	3.13	2.72	2.44	3.91	5.09	5.26	4.33	3.74	2.34	1.16
Other Income / (Expense), net	-0.30	-1.07	-0.09	0.72	-0.51	0.78	-1.09	0.35	0.60	0.62	-0.96
Income Tax Expense	9.51	9.46	7.55	-22	8.38	6.21	8.29	8.60	6.53	9.35	10
Basic Earnings per Share	$0.38	$0.44	$0.22	($0.66)	$0.20	($0.21)	$0.20	$0.14	$0.14	$1.36	$0.90
Weighted Average Basic Shares Outstanding	103.09M	104.54M	103.32M	103.83M	107.17M	113.24M	113.22M	113.44M	115.36M	118.47M	118.68M
Diluted Earnings per Share	$0.37	$0.45	$0.21	($0.66)	$0.20	($0.20)	$0.17	$0.12	$0.10	$1.10	$0.14
Weighted Average Diluted Shares Outstanding	105.07M	106.26M	105.06M	103.83M	108.63M	114.19M	114.32M	114.49M	115.92M	128.15M	132.24M
Weighted Average Basic & Diluted Shares Outstanding	98.85M	104.42M	103.71M	103.37M	104.19M	107.44M	112.27M	113.50M	113.32M	114.87M	118.94M

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-131	55	32	-31	-45	-73	-7.67	-97	-12	57	66
Net Cash From Operating Activities	68	76	56	72	52	2.50	26	29	66	95	73
Net Cash From Continuing Operating Activities	68	76	56	72	52	2.68	26	29	66	95	73
Net Income / (Loss) Continuing Operations	39	46	23	-69	21	-23	19	14	12	23	19
Consolidated Net Income / (Loss)	39	46	23	-69	21	-23	19	14	12	23	19
Depreciation Expense	6.55	7.04	5.18	5.66	7.48	13	12	12	12	12	11
Amortization Expense	3.94	3.86	3.74	3.50	3.39	3.32	3.16	3.00	2.87	2.86	2.78
Non-Cash Adjustments To Reconcile Net Income	18	27	37	157	29	23	19	18	19	14	15
Changes in Operating Assets and Liabilities, net	0.60	-8.01	-12	-26	-9.40	-14	-28	-17	21	44	26
Net Cash From Investing Activities	-7.63	-14	-15	-31	-13	53	-11	-98	-5.89	-4.83	26
Net Cash From Continuing Investing Activities	-7.63	-14	-15	-31	-13	53	-11	-98	-5.89	-4.83	26
Purchase of Property, Plant & Equipment	-7.63	-14	-15	-31	-34	-20	-9.13	-5.80	-5.89	-4.83	-4.28
Purchase of Investments	0.00	-	-	-	-0.49	-1.27	-1.24	-96	0.00	-	-
Sale and/or Maturity of Investments	0.00	-	-	-	21	72	-	5.00	0.00	-	30
Other Investing Activities, net	0.00	-	-	-	0.26	2.65	-0.31	-2.60	0.00	-	-
Net Cash From Financing Activities	-191	-4.37	-10	-71	-83	-130	-23	-28	-73	-35	-32
Net Cash From Continuing Financing Activities	-191	-2.79	-10	-71	-83	-130	-23	-28	-73	-35	-32
Repurchase of Common Equity	-183	-	-3.70	-65	-77	-101	-16	-22	-69	-14	-
Other Financing Activities, net	-8.65	-2.79	-6.58	-5.90	-5.60	-29	-6.67	-5.39	-4.19	-20	-22
Effect of Exchange Rate Changes	0.71	-2.18	1.36	-0.20	-0.58	0.98	-0.72	-0.12	0.33	1.28	-0.73
Cash Interest Paid	0.03	0.16	0.30	0.17	0.14	0.16	0.13	0.14	0.14	0.04	0.03
Cash Income Taxes Paid	0.70	3.82	11	25	1.13	26	13	34	2.41	7.75	12

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

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	689	778	753	871	1,049	1,040	1,052	983
Total Current Assets	252	327	288	324	535	535	543	604
Cash & Equivalents	173	247	216	246	355	363	457	404
Restricted Cash	2.85	3.99	2.20	2.79	12	12	15	14
Short-Term Investments	0.00	0.00	0.00	0.00	92	90	0.00	0.00
Accounts Receivable	41	45	40	44	46	38	42	120
Inventories, net	0.81	0.35	0.46	0.39	0.32	0.54	1.64	28
Prepaid Expenses	21	19	18	19	20	22	18	30
Other Current Assets	14	12	12	11	10	10	9.39	8.04
Plant, Property, & Equipment, net	132	127	130	108	55	48	43	37
Total Noncurrent Assets	305	325	335	439	459	457	466	342
Goodwill	47	47	47	158	157	158	158	156
Intangible Assets	11	12	13	21	30	38	46	61
Noncurrent Deferred & Refundable Income Taxes	110	121	118	82	68	52	47	44
Other Noncurrent Operating Assets	137	145	158	178	203	209	215	81
Total Liabilities & Shareholders' Equity	689	778	753	871	1,049	1,040	1,052	983
Total Liabilities	287	295	301	302	305	310	323	232
Total Current Liabilities	95	111	112	116	109	111	124	149
Accounts Payable	30	47	46	46	37	39	43	67
Accrued Expenses	32	32	34	38	37	36	45	57
Current Deferred Revenue	22	22	22	21	21	21	21	13
Other Current Liabilities	9.97	9.89	10	10	13	14	15	12
Total Noncurrent Liabilities	193	184	189	186	197	199	199	83
Noncurrent Deferred & Payable Income Tax Liabilities	0.02	0.00	0.04	0.04	0.06	0.04	0.03	0.02
Other Noncurrent Operating Liabilities	193	184	189	186	196	199	199	83
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	402	483	452	568	717	701	696	578
Total Preferred & Common Equity	402	483	452	568	717	701	696	578
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	402	483	452	568	717	701	696	578
Common Stock	6.87	155	147	194	341	347	358	418
Retained Earnings	396	329	307	375	378	356	339	164
Accumulated Other Comprehensive Income / (Loss)	-1.31	-0.32	-1.70	-1.50	-2.12	-1.34	-1.23	-4.00

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.34%	2.43%	5.44%	-8.78%	-6.97%	-22.19%	-48.55%	-53.11%	-46.13%	-15.50%	91.31%
EBITDA Growth	52.66%	1,267.44%	-3.64%	-355.58%	25.95%	-112.06%	-9.67%	-11.65%	-28.15%	-23.31%	-22.95%
EBIT Growth	76.32%	343.04%	24.27%	-613.48%	75.92%	-171.04%	-20.57%	-21.63%	-44.71%	-32.00%	-31.13%
NOPAT Growth	95.10%	383.42%	27.83%	-699.21%	107.99%	-173.79%	-14.02%	-39.87%	-52.08%	-37.23%	-35.90%
Net Income Growth	83.30%	302.99%	18.65%	-597.37%	79.51%	-197.30%	0.79%	-23.50%	-37.01%	-31.99%	-35.68%
EPS Growth	85.00%	325.00%	23.53%	-650.00%	100.00%	-118.18%	21.43%	233.33%	118.87%	0.00%	-41.67%
Operating Cash Flow Growth	30.63%	2,934.33%	113.27%	144.06%	-21.68%	-97.38%	-64.01%	636.80%	-28.71%	359.18%	36.26%
Free Cash Flow Firm Growth	396.29%	623.59%	13.51%	-137.29%	-157.44%	-128.05%	1,942.11%	6,087.00%	540.56%	132.23%	101.60%
Invested Capital Growth	-29.10%	-22.09%	-18.27%	-12.01%	24.41%	1.89%	-14.39%	-22.97%	-20.74%	-15.50%	4.91%
Revenue Q/Q Growth	-1.48%	-1.22%	5.79%	1.34%	-3.28%	1.69%	-8.48%	3.35%	-19.10%	-32.76%	-16.58%
EBITDA Q/Q Growth	-11.35%	74.08%	143.32%	-328.38%	777.89%	-114.37%	14.90%	12.55%	-35.11%	7.64%	12.38%
EBIT Q/Q Growth	-12.95%	90.97%	129.44%	-460.23%	220.00%	-197.65%	21.65%	23.41%	-51.54%	9.18%	20.03%
NOPAT Q/Q Growth	-16.70%	114.99%	131.36%	-447.33%	221.01%	-196.97%	47.02%	20.56%	-57.07%	12.99%	2.82%
Net Income Q/Q Growth	-14.90%	103.82%	132.76%	-422.62%	194.24%	-219.13%	37.32%	16.44%	-48.92%	23.41%	4.22%
EPS Q/Q Growth	-17.78%	114.29%	131.82%	-430.00%	200.00%	-217.65%	41.67%	20.00%	-90.91%	685.71%	255.56%
Operating Cash Flow Q/Q Growth	-10.38%	34.77%	-21.51%	37.78%	1,981.89%	-90.53%	-10.18%	-55.78%	-30.39%	30.18%	1,439.58%
Free Cash Flow Firm Q/Q Growth	16.93%	52.85%	315.92%	23.22%	-106.63%	-133.14%	-29.07%	18.27%	0.92%	2,312.15%	307.94%
Invested Capital Q/Q Growth	-3.87%	1.17%	-0.42%	-26.79%	5.64%	6.13%	7.21%	3.51%	-13.49%	-10.82%	-3.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	88.70%	87.07%	78.90%	83.43%	81.08%	75.31%	74.88%	68.47%	66.81%	47.79%	35.36%
EBITDA Margin	24.85%	27.62%	15.67%	-38.27%	16.98%	-2.42%	17.15%	13.66%	12.54%	15.64%	9.77%
Operating Margin	20.32%	23.31%	11.86%	-42.79%	12.18%	-9.98%	10.53%	7.40%	6.06%	10.33%	6.72%
EBIT Margin	20.19%	22.85%	11.82%	-42.46%	11.95%	-9.63%	10.03%	7.54%	6.32%	10.55%	6.50%
Profit (Net Income) Margin	17.34%	20.08%	9.73%	-31.42%	9.87%	-10.13%	8.65%	5.76%	5.12%	8.10%	4.41%
Tax Burden Percent	80.42%	82.91%	74.89%	76.00%	71.76%	137.91%	69.60%	61.63%	64.50%	71.30%	65.23%
Interest Burden Percent	106.82%	105.99%	109.94%	97.37%	115.15%	76.29%	123.91%	123.96%	125.54%	107.73%	104.18%
Effective Tax Rate	19.58%	17.09%	25.11%	0.00%	28.24%	0.00%	30.41%	38.37%	35.50%	28.70%	34.77%
Return on Invested Capital (ROIC)	54.14%	64.30%	30.51%	-105.23%	27.26%	-21.33%	23.21%	17.70%	19.62%	37.65%	23.04%
ROIC Less NNEP Spread (ROIC-NNEP)	53.08%	63.75%	29.96%	-104.29%	26.58%	-19.55%	22.54%	17.02%	18.96%	37.12%	23.01%
Return on Net Nonoperating Assets (RNNOA)	-23.24%	-34.17%	-17.32%	60.26%	-14.78%	11.12%	-13.23%	-9.89%	-11.28%	-20.56%	-12.29%
Return on Equity (ROE)	30.90%	30.14%	13.19%	-44.97%	12.48%	-10.21%	9.98%	7.81%	8.34%	17.09%	10.75%
Cash Return on Invested Capital (CROIC)	44.78%	29.07%	3.30%	-5.86%	-13.96%	2.78%	33.97%	45.50%	46.18%	40.55%	22.75%
Operating Return on Assets (OROA)	23.39%	23.44%	11.50%	-41.53%	11.16%	-9.54%	9.65%	8.72%	9.21%	18.78%	12.30%
Return on Assets (ROA)	20.09%	20.60%	9.47%	-30.73%	9.22%	-10.03%	8.32%	6.66%	7.46%	14.43%	8.36%
Return on Common Equity (ROCE)	30.90%	30.14%	12.90%	-43.83%	12.17%	-9.94%	8.65%	6.23%	6.75%	14.74%	9.00%
Return on Equity Simple (ROE_SIMPLE)	9.63%	0.00%	-9.83%	-11.29%	5.54%	0.00%	9.47%	9.67%	10.35%	0.00%	15.55%
Net Operating Profit after Tax (NOPAT)	37	44	21	-66	19	-16	16	11	9.07	21	19
NOPAT Margin	16.34%	19.33%	8.88%	-29.95%	8.74%	-6.99%	7.33%	4.56%	3.91%	7.37%	4.38%
Net Nonoperating Expense Percent (NNEP)	1.06%	0.55%	0.55%	-0.94%	0.68%	-1.78%	0.66%	0.68%	0.66%	0.53%	0.04%
Return On Investment Capital (ROIC_SIMPLE)	9.15%	8.15%	-	-	-	-2.53%	-	-	-	2.88%	-
Cost of Revenue to Revenue	11.30%	12.93%	21.10%	16.57%	18.92%	24.69%	25.12%	31.53%	33.19%	52.21%	64.64%
SG&A Expenses to Revenue	11.89%	12.42%	12.18%	12.54%	13.01%	33.91%	11.35%	11.37%	10.74%	0.60%	1.12%
R&D to Revenue	16.10%	15.73%	15.72%	16.73%	16.47%	16.46%	16.15%	15.60%	15.78%	11.00%	7.08%
Operating Expenses to Revenue	68.38%	63.76%	67.05%	126.22%	68.90%	85.29%	64.35%	61.07%	60.75%	37.46%	28.64%
Earnings before Interest and Taxes (EBIT)	45	52	27	-93	26	-21	22	18	15	30	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	56	63	36	-84	37	-5.41	38	33	29	45	42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.57	7.00	6.42	6.04	4.56	4.40	2.77	3.66	3.08	2.27	2.91
Price to Tangible Book Value (P/TBV)	8.84	7.83	7.32	6.95	6.65	6.22	3.76	5.08	4.36	3.18	4.66
Price to Revenue (P/Rev)	3.37	4.24	3.49	3.11	2.89	2.97	2.03	2.16	1.47	1.01	0.98
Price to Earnings (P/E)	78.56	180.69	0.00	0.00	71.44	87.21	9.29	8.58	7.89	8.60	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.27%	0.55%	0.00%	0.00%	1.40%	1.15%	10.77%	11.65%	12.68%	11.63%	0.00%
Enterprise Value to Invested Capital (EV/IC)	12.66	14.79	12.26	10.75	7.34	7.93	5.47	8.02	6.65	4.14	4.32
Enterprise Value to Revenue (EV/Rev)	3.17	3.89	3.21	2.86	2.61	2.62	1.59	1.80	1.17	0.74	0.84
Enterprise Value to EBITDA (EV/EBITDA)	40.02	66.58	0.00	0.00	23.05	25.49	10.78	14.35	11.18	7.49	8.08
Enterprise Value to EBIT (EV/EBIT)	89.16	279.38	0.00	0.00	52.77	72.10	18.31	23.48	17.84	11.42	11.80
Enterprise Value to NOPAT (EV/NOPAT)	97.98	305.35	0.00	0.00	104.43	172.24	27.30	35.68	25.52	15.97	16.06
Enterprise Value to Operating Cash Flow (EV/OCF)	10.56	13.63	15.66	16.48	21.26	19.26	7.16	8.06	7.44	4.80	11.58
Enterprise Value to Free Cash Flow (EV/FCFF)	23.46	44.57	334.58	0.00	0.00	288.10	14.84	15.33	12.73	9.35	19.44
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	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	0.00
Financial Leverage	-0.44	-0.54	-0.58	-0.58	-0.56	-0.57	-0.59	-0.58	-0.60	-0.55	-0.53
Leverage Ratio	1.61	1.50	1.49	1.52	1.48	1.33	1.36	1.41	1.39	1.28	1.29
Compound Leverage Factor	1.72	1.60	1.64	1.48	1.71	1.01	1.68	1.74	1.75	1.38	1.35
Debt to Total Capital	0.00%	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%	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%	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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.57%	4.09%	4.46%	4.76%	23.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	96.43%	95.91%	95.54%	95.24%	77.00%
Debt to EBITDA	0.00	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	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	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	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	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	0.00
Altman Z-Score	8.97	10.40	8.50	7.05	7.16	7.21	5.90	7.13	6.34	9.39	6.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	2.16%	2.53%	2.50%	2.65%	13.33%	20.20%	19.00%	13.75%	16.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.67	4.20	2.95	2.57	2.78	3.40	4.93	4.83	4.38	5.65	4.06
Quick Ratio	2.26	3.74	2.63	2.28	2.50	3.06	4.54	4.44	4.03	5.23	3.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	130	111	73	-34	-44	-21	64	90	76	76	3.13
Operating Cash Flow to CapEx	889.52%	552.91%	377.28%	229.29%	152.25%	12.24%	288.48%	505.79%	1,126.97%	1,974.37%	1,710.47%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.16	1.03	0.97	0.98	0.93	0.99	0.96	1.16	1.46	1.78	1.89
Accounts Receivable Turnover	21.26	21.24	19.61	22.61	20.72	21.07	11.77	10.25	15.57	14.02	16.64
Inventory Turnover	233.23	464.69	541.85	374.58	223.51	93.64	25.09	52.01	72.98	80.00	58.30
Fixed Asset Turnover	7.51	8.38	9.81	9.84	11.90	14.81	21.37	28.35	38.40	45.76	51.43
Accounts Payable Turnover	3.67	4.19	4.27	4.39	5.08	6.54	6.83	10.19	15.79	20.22	16.45
Days Sales Outstanding (DSO)	17.16	17.18	18.61	16.14	17.62	17.32	31.01	35.62	23.45	26.04	21.93
Days Inventory Outstanding (DIO)	1.57	0.79	0.67	0.97	1.63	3.90	14.55	7.02	5.00	4.56	6.26
Days Payable Outstanding (DPO)	99.50	87.19	85.43	83.18	71.81	55.82	53.43	35.82	23.11	18.05	22.19
Cash Conversion Cycle (CCC)	-80.77	-69.22	-66.15	-66.07	-52.55	-34.60	-7.87	6.82	5.34	12.55	6.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	226	235	233	234	319	302	285	266	257	297	333
Invested Capital Turnover	3.31	3.33	3.44	3.51	3.12	3.05	3.17	3.88	5.02	5.11	5.26
Increase / (Decrease) in Invested Capital	-93	-67	-52	-32	63	5.60	-48	-79	-67	-54	16
Enterprise Value (EV)	2,866	3,483	2,853	2,511	2,342	2,398	1,556	2,129	1,707	1,228	1,436
Market Capitalization	3,042	3,789	3,104	2,730	2,591	2,712	1,988	2,564	2,146	1,666	1,682
Book Value per Share	$3.85	$5.22	$4.68	$4.34	$5.30	$5.49	$6.32	$6.18	$6.06	$6.18	$4.87
Tangible Book Value per Share	$3.29	$4.66	$4.10	$3.77	$3.64	$3.88	$4.66	$4.46	$4.29	$4.41	$3.04
Total Capital	402	542	483	452	568	617	744	731	728	771	751
Total Debt	0.00	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	0.00
Net Debt	-176	-306	-251	-218	-249	-315	-459	-465	-472	-475	-418
Capital Expenditures (CapEx)	7.63	14	15	31	34	20	9.13	5.80	5.89	4.83	4.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-18	-8.07	-35	-42	-42	-39	-32	-41	-52	-16	37
Debt-free Net Working Capital (DFNWC)	157	298	216	176	207	276	427	425	419	459	455
Net Working Capital (NWC)	157	298	216	176	207	276	427	425	419	459	455
Net Nonoperating Expense (NNE)	-2.25	-1.71	-1.96	3.21	-2.44	7.02	-2.90	-2.88	-2.80	-2.11	-0.13
Net Nonoperating Obligations (NNO)	-176	-306	-251	-218	-249	-315	-459	-465	-472	-475	-418
Total Depreciation and Amortization (D&A)	10	11	8.92	9.17	11	16	16	15	14	15	14
Debt-free, Cash-free Net Working Capital to Revenue	-2.02%	-0.90%	-3.90%	-4.80%	-4.64%	-4.23%	-3.28%	-3.43%	-3.60%	-0.97%	2.17%
Debt-free Net Working Capital to Revenue	17.42%	33.34%	24.30%	20.10%	23.10%	30.19%	43.64%	35.83%	28.78%	27.71%	26.64%
Net Working Capital to Revenue	17.42%	33.34%	24.30%	20.10%	23.10%	30.19%	43.64%	35.83%	28.78%	27.71%	26.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$0.44	$0.22	($0.66)	$0.20	($0.21)	$0.20	$0.14	$0.14	$1.36	$0.90
Adjusted Weighted Average Basic Shares Outstanding	103.09M	104.54M	103.32M	103.83M	107.17M	113.24M	113.22M	113.44M	115.36M	118.47M	118.68M
Adjusted Diluted Earnings per Share	$0.37	$0.45	$0.21	($0.66)	$0.20	($0.20)	$0.17	$0.12	$0.10	$1.10	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	105.07M	106.26M	105.06M	103.83M	108.63M	114.19M	114.32M	114.49M	115.92M	128.15M	132.24M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	98.85M	104.42M	103.71M	103.37M	104.19M	107.44M	112.27M	113.50M	113.32M	114.87M	118.94M
Normalized Net Operating Profit after Tax (NOPAT)	37	44	26	24	19	-16	16	11	9.07	21	19
Normalized NOPAT Margin	16.34%	19.33%	11.16%	10.85%	8.74%	-6.99%	7.33%	4.56%	3.91%	7.37%	4.38%
Pre Tax Income Margin	21.56%	24.21%	12.99%	-41.35%	13.76%	-7.35%	12.42%	9.35%	7.93%	11.36%	6.77%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.03%	0.17%	0.16%	10.72%	15.87%	25.22%	22.08%
Augmented Payout Ratio	649.77%	697.02%	-520.49%	-508.41%	689.00%	945.73%	179.63%	167.03%	131.80%	43.49%	22.08%

Frequently Asked Questions About CarGurus' Financials

When does CarGurus's fiscal year end?

According to the most recent income statement we have on file, CarGurus' financial year ends in December. Their financial 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. See CarGurus' forecast for analyst expectations on what’s next for the company.

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 5/28/2025 by MarketBeat.com Staff

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CarGurus (CARG) Financials

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CarGurus (CARG) Financials

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