CARG - Cargurus Inc Stock Price, Fair Value and News

23.79USD-0.01 (-0.04%)Market Closed

Market Summary

USD23.79-0.01

Market Closed

-0.04%

CARG Alerts

1 major insider sales recently.

CARG Stock Price

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CARG RSI Chart

CARG Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

60.55

Price/Sales (Trailing)

2.84

EV/EBITDA

29.4

Price/Free Cashflow

42.98

CARG Price/Sales (Trailing)

CARG Profitability

EBT Margin

7.01%

Return on Equity

7.41%

Return on Assets

4.84%

Free Cashflow Yield

2.33%

CARG Fundamentals

CARG Revenue

Revenue (TTM)

898.1M

Rev. Growth (Yr)

-6.97%

Rev. Growth (Qtr)

-3.28%

CARG Earnings

Earnings (TTM)

42.1M

Earnings Growth (Yr)

32.04%

Earnings Growth (Qtr)

218.97%

Breaking Down CARG Revenue

Last 7 days

-1.8%

Last 30 days

12.1%

Last 90 days

3.2%

Trailing 12 Months

22.9%

How does CARG drawdown profile look like?

CARG Financial Health

Current Ratio

2.78

CARG Investor Care

Buy Backs (1Y)

7.09%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	898.1M	0	0	0
2023	1.5B	1.2B	977.9M	914.2M
2022	1.2B	1.5B	1.7B	1.7B
2021	565.1M	688.1M	763.6M	951.4M
2020	611.3M	561.0M	558.1M	551.5M
2019	490.8M	525.5M	556.9M	588.9M
2018	348.4M	382.5M	418.6M	454.1M
2017	226.6M	257.2M	287.0M	316.9M
2016	123.5M	148.4M	173.3M	198.1M
2015	0	0	0	98.6M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Cargurus Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	zamora javier esquivel	sold (taxes)	-25,489	22.32	-1,142	general counsel and secretary
Apr 16, 2024	zales samuel	acquired	2,826	0.16	17,668	coo and president
Apr 16, 2024	zales samuel	sold	-378,449	21.42	-17,668	coo and president
Apr 02, 2024	sarnoff dafna	sold	-96,600	22.46	-4,301	chief marketing officer
Apr 01, 2024	zales samuel	sold (taxes)	-362,572	23.00	-15,764	coo and president
Apr 01, 2024	steinert langley	sold (taxes)	-170,591	23.00	-7,417	executive chair
Apr 01, 2024	zamora javier esquivel	sold (taxes)	-37,651	23.00	-1,637	general counsel and secretary
Apr 01, 2024	sarnoff dafna	sold (taxes)	-89,240	23.00	-3,880	chief marketing officer
Apr 01, 2024	hallowell zachary emerson	sold (taxes)	-47,840	23.00	-2,080	ceo, caroffer
Apr 01, 2024	sarnoff dafna	sold	-99,095	23.04	-4,301	chief marketing officer

Which funds bought or sold CARG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-2.9	-157,525	2,019,320	-%
May 16, 2024	Pineridge Advisors LLC	sold off	-100	-2,199	-	-%
May 16, 2024	JANE STREET GROUP, LLC	added	160	1,894,620	3,169,300	-%
May 16, 2024	COMERICA BANK	reduced	-9.87	-132,519	820,955	-%
May 15, 2024	Gotham Asset Management, LLC	reduced	-61.2	-837,989	493,589	0.01%
May 15, 2024	S&T Bank/PA	reduced	-11.74	-1,589,000	8,540,000	1.64%
May 15, 2024	GOODNOW INVESTMENT GROUP, LLC	added	314	2,368,840	3,169,020	0.38%
May 15, 2024	SG Capital Management LLC	new	-	4,221,790	4,221,790	1.38%
May 15, 2024	KNIGHTSBRIDGE ASSET MANAGEMENT, LLC	unchanged	-	-	8,164,970	2.31%
May 15, 2024	IRONWOOD INVESTMENT MANAGEMENT LLC	reduced	-1.75	-16,675	254,642	0.12%

Are Funds Buying or Selling CARG?

Are funds buying CARG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CARG

No. of Funds

CARG Alerts

1 major insider sales recently.

Unveiling Cargurus Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 08, 2024	foxhaven asset management, lp	5.5%	5,014,932	SC 13G
Feb 14, 2024	dragoneer investment group, llc	1.9%	1,837,399	SC 13G/A
Feb 14, 2024	steinert langley	13.0%	14,355,448	SC 13G/A
Feb 14, 2024	arrowmark colorado holdings llc	9.23%	8,880,926	SC 13G/A
Feb 14, 2024	par investment partners lp	0%	0	SC 13G/A
Feb 13, 2024	manulife financial corp	0.03%	-	SC 13G/A
Feb 13, 2024	vanguard group inc	10.48%	10,091,294	SC 13G/A
Feb 08, 2024	wellington management group llp	5.93%	5,705,962	SC 13G/A
Jan 22, 2024	blackrock inc.	15.6%	15,044,722	SC 13G/A
Aug 10, 2023	wellington management group llp	8.29%	8,070,127	SC 13G/A

Recent SEC filings of Cargurus Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 16, 2024	144	Notice of Insider Sale Intent
May 15, 2024	4	Insider Trading
May 14, 2024	144	Notice of Insider Sale Intent
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
May 02, 2024	4	Insider Trading
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Cargurus Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	566.3B	94.7B	14.23%	0.38%	41.6	5.98	10.12%	15.85%
GM	52.9B	174.9B	7.77%	39.09%	4.95	0.3	8.79%	13.26%
F	48.9B	177.5B	1.99%	5.50%	12.43	0.28	7.54%	33.01%
APTV	22.3B	20.1B	18.40%	-13.41%	7.46	1.11	11.06%	348.88%
KMX	11.5B	26.5B	6.25%	-0.44%	23.91	0.43	-10.61%	-1.15%
MID-CAP
BWA	8.4B	14.4B	16.35%	-17.59%	13.76	0.59	5.28%	-36.11%
ALSN	6.6B	3.1B	-5.82%	52.54%	9.78	2.13	8.82%	17.48%
ABG	4.9B	15.4B	13.81%	15.50%	8.56	0.32	2.10%	-39.62%
GT	3.7B	19.7B	8.02%	-9.26%	-5.7	0.19	-5.64%	-9328.57%
ADNT	2.6B	15.2B	3.59%	-19.11%	16.55	0.17	3.04%	1216.67%
SMALL-CAP
BLBD	1.7B	1.3B	55.08%	113.22%	21.39	1.36	26.17%	337.87%
AXL	933.4M	6.2B	14.24%	12.78%	-116.67	0.15	5.67%	-113.75%
CAAS	105.6M	573.5M	-1.13%	-36.48%	2.7	0.18	7.12%	39.36%
WKHS	75.6M	13.1M	41.18%	-74.91%	-0.61	5.77	160.69%	-5.67%
AYRO	5.7M	444.2K	-14.93%	90.00%	-0.18	12.82	-78.61%	-35.63%

Cargurus Inc News

Latest updates

Cargurus Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-3.3%	216	223	219	240	232	287	426	511	431	339	223	218	171	152	147	95.00	158	158	150	145	135
Gross Profit	4.1%	175	168	164	164	155	137	151	188	182	180	163	167	147	140	138	85.00	146	148	141	136	128
Operating Expenses	-21.9%	149	190	141	146	141	107	122	164	155	136	123	129	122	107	94.00	76.00	134	134	131	133	120
S&GA Expenses	11.4%	82.00	74.00	77.00	78.00	76.00	70.00	83.00	96.00	88.00	90.00	67.00	66.00	68.00	67.00	58.00	39.00	94.00	101	100	102	91.00
R&D Expenses	-3.2%	36.00	37.00	35.00	37.00	37.00	32.00	30.00	31.00	31.00	27.00	27.00	28.00	25.00	20.00	21.00	22.00	23.00	18.00	18.00	17.00	16.00
EBITDA Margin	17.1%	0.09*	0.07*	0.12*	0.10*	0.08*	0.08*	0.07*	0.09*	0.13*	0.17*	0.22*	0.23*	0.22*	0.19*	0.15*	0.09*	0.08*	0.07*	0.06*	0.06*	0.06*
Interest Expenses	-7.7%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Income Taxes	34.9%	8.00	6.00	8.00	9.00	7.00	9.00	10.00	5.00	8.00	10.00	11.00	11.00	6.00	8.00	11.00	2.00	0.00	1.00	0.00	-1.61	-3.50
Earnings Before Taxes	281.1%	30.00	-16.39	27.00	22.00	18.00	33.00	29.00	23.00	27.00	45.00	40.00	39.00	26.00	33.00	44.00	9.00	13.00	15.00	11.00	4.00	9.00
EBT Margin	24.0%	0.07*	0.06*	0.10*	0.09*	0.07*	0.07*	0.07*	0.09*	0.12*	0.16*	0.18*	0.21*	0.20*	0.18*	0.14*	0.08*	0.07*	0.07*	0.06*	0.05*	0.06*
Net Income	219.0%	21.00	-17.90	22.00	16.00	16.00	25.00	20.00	19.00	20.00	30.00	29.00	28.00	22.00	25.00	33.00	7.00	13.00	13.00	10.00	6.00	13.00
Net Income Margin	16.0%	0.05*	0.04*	0.08*	0.07*	0.06*	0.05*	0.05*	0.07*	0.09*	0.11*	0.14*	0.16*	0.15*	0.14*	0.12*	0.08*	0.07*	0.07*	0.07*	0.09*	0.15*
Free Cashflow	279.0%	23.00	-13.02	22.00	27.00	64.00	94.00	72.00	-6.90	92.00	-39.55	53.00	34.00	43.00	48.00	74.00	23.00	9.00	20.00	22.00	13.00	4.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-5.2%	871	919	1,049	1,040	1,052	927	983	1,010	946	932	820	784	719	502	461	407	406	394	369	346	332
Current Assets	-17.2%	324	391	535	535	543	557	604	630	573	563	442	389	312	332	281	216	210	219	206	189	179
Cash Equivalents	-15.5%	246	291	355	363	457	470	404	338	315	232	231	185	141	190	246	133	74.00	60.00	30.00	28.00	30.00
Inventory	18.1%	0.00	0.00	0.00	1.00	2.00	5.00	28.00	22.00	21.00	20.00	6.00	-	-	-	-	-	-	-	-	-	-
Net PPE	29.7%	108	83.00	55.00	48.00	43.00	40.00	37.00	35.00	33.00	32.00	30.00	32.00	30.00	27.00	27.00	27.00	28.00	28.00	28.00	29.00	27.00
Goodwill	-0.2%	158	158	157	158	158	157	156	157	158	158	156	156	157	29.00	28.00	28.00	27.00	15.00	15.00	15.00	16.00
Liabilities	0.1%	302	302	305	310	323	156	232	283	241	252	176	180	156	129	122	112	128	137	132	124	121
Current Liabilities	1.0%	116	115	109	111	124	99.00	149	176	149	171	102	104	82.00	67.00	56.00	43.00	58.00	74.00	72.00	70.00	65.00
Shareholder's Equity	-7.9%	568	617	717	701	696	735	578	462	465	517	589	549	509	374	338	296	278	257	237	222	211
Retained Earnings	6.0%	375	354	378	356	339	323	164	57.00	67.00	129	209	180	152	129	104	72.00	65.00	52.00	39.00	28.00	22.00
Additional Paid-In Capital	-26.3%	194	263	341	346	358	413	418	407	398	388	380	368	356	242	233	224	214	205	199	194	189
Shares Outstanding	-5.4%	107	113	113	113	115	118	118	118	118	117	117	117	116	113	113	113	112	111	112	111	-
Float	-	-	-	-	1,289	-	-	-	2,178	-	-	-	2,546	-	-	-	2,194	-	-	-	2,464	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	1981.9%	52.00	2.00	26.00	29.00	66.00	95.00	73.00	-5.46	93.00	-36.77	54.00	37.00	44.00	48.00	74.00	25.00	10.00	21.00	24.00	16.00	10.00
Share Based Compensation	-20.8%	16.00	20.00	14.00	15.00	15.00	13.00	14.00	13.00	14.00	13.00	1.00	7.00	14.00	13.00	1.00	7.00	12.00	9.00	9.00	9.00	8.00
Cashflow From Investing	-124.6%	-13.15	53.00	-10.68	-98.45	-5.89	-4.83	26.00	26.00	26.00	-4.80	-7.30	12.00	-68.09	-101	41.00	36.00	8.00	22.00	-18.21	-14.43	-11.35
Cashflow From Financing	36.1%	-83.04	-129	-22.62	-27.83	-73.24	-34.93	-32.04	11.00	-36.89	43.00	-2.98	-3.03	-19.04	-2.34	-2.87	-1.98	-2.89	-3.34	-3.83	-4.25	-3.26
Buy Backs	-20.1%	82.00	102	17.00	22.00	66.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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CARG Income Statement

2024-03-31

Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Revenue

Total Revenue

$ 215,796

$ 231,963

Cost of revenue

Total Cost of revenue

^[1]

40,835

76,983

Gross profit

174,961

154,980

Operating expenses:

Sales and marketing

82,274

75,577

Product, technology, and development

35,545

36,607

General and administrative

28,066

24,919

Depreciation and amortization

2,792

3,818

Total operating expenses

148,677

140,921

Income from operations

26,284

14,059

Other income, net:

Interest income

3,906

3,743

Other (expense) income, net

(505)

595

Total other income, net

3,401

4,338

Income before income taxes

29,685

18,397

Provision for income taxes

8,384

6,531

Consolidated net income

21,301

11,866

Net loss attributable to redeemable noncontrolling interest

(4,266)

Net income attributable to common stockholders - basic

$ 21,301

$ 16,132

Net income per share attributable to common stockholders: (Note 10)

Basic

$ 0.2

$ 0.14

Diluted

$ 0.2

$ 0.1

Weighted-average number of shares of common stock used in computing net income per share attributable to common stockholders:

Basic

107,174,812

115,358,475

Diluted

108,632,159

115,915,737

Marketplace

Revenue

Total Revenue

$ 187,219

$ 167,127

Cost of revenue

Total Cost of revenue

^[1]

14,385

15,533

Wholesale

Revenue

Total Revenue

16,125

25,186

Cost of revenue

Total Cost of revenue

^[1]

14,224

22,068

Product

Revenue

Total Revenue

12,452

39,650

Cost of revenue

Total Cost of revenue

^[1]

$ 12,226

$ 39,382

[1]	Includes depreciation and amortization expense for the three months ended March 31, 2024 and 2023 of $4,689 and $7,758, respectively.

CARG Balance Sheet

2024-03-31

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 246,342	$ 291,363
Short-term investments		20,724
Accounts receivable, net of allowance for doubtful accounts of $610 and $610, respectively	44,298	39,963
Inventory	391	331
Prepaid expenses, prepaid income taxes and other current assets	18,893	25,152
Deferred contract costs	11,106	11,095
Restricted cash	2,786	2,563
Total current assets	323,816	391,191
Property and equipment, net	108,143	83,370
Intangible assets, net	21,131	23,056
Goodwill	157,566	157,898
Operating lease right-of-use assets	153,711	169,682
Deferred tax assets	82,392	73,356
Deferred contract costs, net of current portion	13,015	12,998
Other non-current assets	11,029	7,376
Total assets	870,803	918,927
Current liabilities:
Accounts payable	46,471	47,854
Accrued expenses, accrued income taxes and other current liabilities	38,353	33,718
Deferred revenue	21,432	21,322
Operating lease liabilities	10,063	12,284
Total current liabilities	116,319	115,178
Operating lease liabilities	181,052	182,106
Deferred tax liabilities	42	58
Other non–current liabilities	5,028	4,733
Total liabilities	302,441	302,075
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital	194,309	263,498
Retained earnings	375,448	354,147
Accumulated other comprehensive loss	(1,500)	(901)
Total stockholders’ equity	568,362	616,852
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	870,803	918,927
Class A Common Stock
Stockholders’ equity:
Common stock	89	92
Class B Common Stock
Stockholders’ equity:
Common stock	$ 16	$ 16

About Cargurus Inc

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car to dealers and other consumers. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

CEO	Mr. Jason M. Trevisan
WEBSITE	cargurus.com
INDUSTRY	Autos
EMPLOYEES	1403

Cargurus Inc Frequently Asked Questions

What is the ticker symbol for Cargurus Inc? What does CARG stand for in stocks?

CARG is the stock ticker symbol of Cargurus Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cargurus Inc (CARG)?

As of Fri May 17 2024, market cap of Cargurus Inc is 2.55 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CARG stock?

You can check CARG's fair value in chart for subscribers.

What is the fair value of CARG stock?

You can check CARG's fair value in chart for subscribers. The fair value of Cargurus Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cargurus Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CARG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cargurus Inc a good stock to buy?

The fair value guage provides a quick view whether CARG is over valued or under valued. Whether Cargurus Inc is cheap or expensive depends on the assumptions which impact Cargurus Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CARG.

What is Cargurus Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, CARG's PE ratio (Price to Earnings) is 60.55 and Price to Sales (PS) ratio is 2.84. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CARG PE ratio will change depending on the future growth rate expectations of investors.