CARG - CarGurus, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$38.25
DETAILS
HIGH:
$45.00
LOW:
$33.50
MEDIAN:
$37.00
CONSENSUS:
$38.25
UPSIDE:
35.45%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 939.0 | 894.4 | 914.2 | 1,655.0 | 951.4 | 551.5 | 588.9 | 454.1 | 316.9 | 198.1 | 98.6 |
| Cost of Revenue | 103.4 | 155.4 | 262.8 | 997.5 | 294.0 | 42.7 | 36.3 | 24.8 | 17.6 | 9.6 | 4.2 |
| Gross Profit | 835.5 | 738.9 | 651.5 | 657.6 | 657.4 | 508.7 | 552.6 | 429.3 | 299.3 | 188.6 | 94.4 |
| Operating Expenses | |||||||||||
| R&D Expenses | 155.7 | 144.4 | 146.2 | 123.8 | 106.4 | 85.7 | 69.5 | 47.9 | 22.5 | 11.5 | 8.2 |
| SG&A Expenses | 442.3 | 434.3 | 456.8 | 409.8 | 388.3 | 319.1 | 444.3 | 355.4 | 258.9 | 166.9 | 87.7 |
| Other Expenses | 43.1 | 146.8 | 15.8 | 15.5 | 14.4 | 6.1 | 4.6 | 0.0 | 0.6 | 1.6 | 1.0 |
| Operating Expenses | 641.1 | 725.5 | 618.8 | 549.1 | 509.1 | 411.0 | 518.3 | 406.1 | 284.0 | 180.0 | 96.9 |
| Operating Income | |||||||||||
| Operating Income | 194.4 | 13.4 | 32.6 | 108.5 | 148.3 | 97.8 | 34.3 | 23.2 | 15.3 | 8.6 | (2.5) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 |
| Interest Income | 9.2 | 12.2 | 18.4 | 3.8 | 0.1 | 1.1 | 3.0 | 2.3 | 0.9 | 0.4 | 0 |
| Profitability | |||||||||||
| EBITDA | 235.1 | 173.3 | 81.1 | 167.8 | 200.0 | 104.6 | 42.1 | 28.2 | 19.1 | 10.6 | (1.4) |
| EBIT | 202.8 | 147.9 | 32.6 | 111.4 | 149.4 | 97.8 | 34.3 | 25.5 | 15.9 | 8.6 | (2.5) |
| Income Before Tax | 202.8 | 24.7 | 51.7 | 111.4 | 149.4 | 99.1 | 38.7 | 25.5 | 15.8 | 8.9 | (2.5) |
| Income Tax Expense | 43.0 | 3.7 | 29.6 | 32.4 | 39.0 | 21.6 | (3.4) | (39.7) | 2.6 | 2.4 | (0.9) |
| Net Income | 155.9 | 21.0 | 31.1 | 193.8 | 109.2 | 77.6 | 42.1 | 65.2 | 13.2 | 6.5 | (1.6) |
| Per Share Data | |||||||||||
| EPS (Basic) | 1.59 | 0.20 | 0.19 | 1.64 | -0.00 | 0.69 | 0.38 | 0.60 | 0.13 | -0.25 | -0.02 |
| EPS (Diluted) | 1.55 | 0.20 | 0.19 | 1.51 | -0.00 | 0.68 | 0.37 | 0.57 | 0.12 | -0.25 | -0.03 |
| Shares Outstanding | 95.3 | 104.5 | 113.2 | 118.5 | 117.1 | 112.9 | 111.5 | 108.8 | 101.7 | 102.7 | 102.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 190.5 | 304.2 | 291.4 | 469.5 | 231.9 | 190.3 | 59.9 | 34.9 | 87.7 | 29.5 |
| Short-Term Investments | 0 | 0 | 20.7 | 0 | 90 | 100 | 111.7 | 122.8 | 50 | 44.8 |
| Net Receivables | 41.9 | 44.2 | 40.0 | 46.8 | 189.3 | 18.2 | 22.1 | 13.6 | 12.6 | 6.7 |
| Inventory | 0 | 0.3 | 0.3 | 5.3 | 19.7 | 0 | 0 | 16.1 | 0 | 0 |
| Other Current Assets | 0 | 42.4 | 38.8 | 13.8 | 15.8 | 11.1 | 9.8 | 13.4 | 1.6 | 0 |
| Total Current Assets | 282.9 | 391.2 | 391.2 | 557.4 | 563.1 | 332.0 | 219.0 | 194.9 | 157.2 | 85.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 248.4 | 251.5 | 253.1 | 97.0 | 92.8 | 88.3 | 87.9 | 24.3 | 16.6 | 12.8 |
| Goodwill | 28.4 | 46.2 | 157.9 | 157.5 | 158.3 | 29.1 | 15.2 | 0 | 0 | 0 |
| Intangible Assets | 3.3 | 11.8 | 23.1 | 53.1 | 83.9 | 10.9 | 3.9 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.9 | 1.8 | 2.0 |
| Other Non-Current Assets | 17.7 | 17.2 | 20.4 | 26.7 | 20.1 | 22.2 | 24.9 | 10.3 | 2.0 | 0 |
| Total Non-Current Assets | 378.9 | 433.3 | 527.7 | 369.7 | 368.5 | 170.3 | 174.7 | 73.4 | 19.4 | 14.8 |
| Total Assets | 661.9 | 824.5 | 918.9 | 927.1 | 931.6 | 502.3 | 393.6 | 268.3 | 176.6 | 100.3 |
| Current Liabilities | ||||||||||
| Account Payables | 29.1 | 26.4 | 47.9 | 32.5 | 66.2 | 21.6 | 36.7 | 34.3 | 23.9 | 16.4 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 23.6 | 21.7 | 21.3 | 12.2 | 12.8 | 9.1 | 10.0 | 8.8 | 4.3 | 3.3 |
| Other Current Liabilities | 0 | 17.4 | 15.2 | 11.0 | 39.9 | 10.8 | 8.6 | 12.1 | 6.9 | 3.3 |
| Total Current Liabilities | 100.5 | 93.1 | 115.2 | 98.7 | 170.7 | 66.5 | 73.8 | 63.5 | 43.0 | 29.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0.4 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 7.9 | 0 | 0.3 |
| Other Non-Current Liabilities | 5.4 | 6.0 | 4.7 | 5.3 | 23.6 | 3.1 | 1.9 | 10.7 | 6.6 | 6.3 |
| Total Non-Current Liabilities | 187.2 | 189.8 | 186.9 | 57.0 | 81.2 | 62.2 | 63.0 | 10.7 | 6.6 | 6.6 |
| Total Liabilities | 287.7 | 282.8 | 302.1 | 155.7 | 251.9 | 128.7 | 136.8 | 74.2 | 49.6 | 35.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 |
| Retained Earnings | 362.4 | 375.1 | 354.1 | 323.0 | 129.3 | 129.4 | 51.9 | 9.7 | (58.5) | (71.7) |
| Accumulated Other Comprehensive Income | 1.4 | (2.5) | (0.9) | (1.6) | (0.4) | 1.9 | (0.3) | 0.1 | 0.2 | (0.0) |
| Total Stockholders' Equity | 374.2 | 541.7 | 616.9 | 734.6 | 516.8 | 373.6 | 256.9 | 194.1 | 127.0 | 64.7 |
| Total Liabilities & Equity | 661.9 | 824.5 | 918.9 | 927.1 | 931.6 | 502.3 | 393.6 | 268.3 | 176.6 | 100.3 |
| Debt Metrics | ||||||||||
| Total Debt | 190.8 | 192.7 | 194.4 | 66.4 | 70.7 | 69.9 | 69.6 | 0 | 0 | 0 |
| Net Debt | 0.3 | (111.4) | (97.0) | (403.1) | (161.2) | (120.4) | 9.7 | (34.9) | (87.7) | (29.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 155.9 | 21.0 | 22.1 | 79.0 | 110.4 | 77.6 | 42.1 | 65.2 | 13.2 | 6.5 |
| Depreciation & Amortization | 28.3 | 25.4 | 48.5 | 45.3 | 40.5 | 10.2 | 7.8 | 5.0 | 3.8 | 2.1 |
| Stock-Based Compensation | 50.4 | 62.3 | 63.7 | 54.8 | 53.5 | 45.1 | 34.3 | 20.8 | 5.0 | 0.3 |
| Change in Working Capital | (16.7) | 19.1 | 15.9 | 85.9 | (129.0) | (13.0) | (19.2) | (5.4) | 3.5 | 10.6 |
| Other Non-Cash Items | 51.4 | 161.1 | 12.2 | 13.3 | 16.7 | 14.7 | 8.8 | 5.2 | 1.2 | (0.3) |
| Operating Cash Flow | 295.3 | 255.5 | 124.5 | 256.1 | 98.3 | 156.7 | 70.1 | 51.7 | 25.7 | 20.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (6.4) | (75.2) | (41.2) | (17.3) | (13.9) | (7.5) | (14.2) | (7.5) | (7.4) | (7.2) |
| Acquisitions | 0 | 0 | 0 | 0 | (64.3) | (21.1) | (19.1) | 1.5 | 2.2 | 1.4 |
| Purchases of Investments | 0 | (0.5) | (98.0) | 0 | (120) | (100) | (177.8) | (212.8) | (50) | (59.8) |
| Sales/Maturities of Investments | 0 | 21.2 | 77.5 | 90 | 130 | 111.7 | 188.9 | 140 | 44.8 | 15 |
| Other Investing Activities | (22.9) | (18.5) | (16.4) | (11.3) | (6.2) | (4.6) | (3.0) | (1.5) | (2.2) | (1.4) |
| Investing Cash Flow | (29.3) | (73.0) | (61.6) | 72.7 | (68.1) | (16.9) | (22.3) | (80.3) | (12.6) | (52.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (0.1) | (0.1) | (0.1) | (0.1) | (14.3) | (0.0) | (0.0) | 0 | 0 | 0 |
| Stock Repurchased | (351.9) | (146.2) | (208.5) | (14.4) | 0 | 0 | 0 | (25.9) | 0 | (60) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (32.2) | (22.4) | (45.0) | (78.1) | 32.1 | (10.0) | (14.7) | (23.4) | (2.9) | 0.7 |
| Financing Cash Flow | (383.8) | (168.6) | (253.6) | (92.6) | 17.8 | (10.1) | (14.7) | (23.4) | 44.8 | 0.7 |
| Cash Position | ||||||||||
| Net Change in Cash | (115.7) | 12.3 | (190.2) | 235.9 | 47.4 | 130.2 | 33.2 | (52.0) | 58.0 | (31.3) |
| Cash at Beginning | 306.2 | 293.9 | 484.1 | 248.3 | 200.9 | 70.7 | 37.6 | 89.6 | 31.5 | 62.9 |
| Cash at End | 190.5 | 306.2 | 293.9 | 484.1 | 248.3 | 200.9 | 70.7 | 37.6 | 89.6 | 31.5 |
| Free Cash Flow | 288.9 | 180.3 | 83.3 | 238.8 | 84.4 | 149.2 | 55.9 | 44.2 | 18.3 | 12.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 939.0 | 894.4 | 914.2 | 1,655.0 | 951.4 | 551.5 | 588.9 | 454.1 | 316.9 | 198.1 | 98.6 |
| Gross Profit | 835.5 | 738.9 | 651.5 | 657.6 | 657.4 | 508.7 | 552.6 | 429.3 | 299.3 | 188.6 | 94.4 |
| Operating Income | 194.4 | 13.4 | 32.6 | 108.5 | 148.3 | 97.8 | 34.3 | 23.2 | 15.3 | 8.6 | (2.5) |
| Net Income | 155.9 | 21.0 | 31.1 | 193.8 | 109.2 | 77.6 | 42.1 | 65.2 | 13.2 | 6.5 | (1.6) |
| EPS (Diluted) | 1.55 | 0.20 | 0.19 | 1.51 | -0.00 | 0.68 | 0.37 | 0.57 | 0.12 | -0.25 | -0.03 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 190.5 | 304.2 | 291.4 | 469.5 | 231.9 | 190.3 | 59.9 | 34.9 | 87.7 | 29.5 | |
| Total Assets | 661.9 | 824.5 | 918.9 | 927.1 | 931.6 | 502.3 | 393.6 | 268.3 | 176.6 | 100.3 | |
| Total Debt | 190.8 | 192.7 | 194.4 | 66.4 | 70.7 | 69.9 | 69.6 | 0 | 0 | 0 | |
| Stockholders' Equity | 374.2 | 541.7 | 616.9 | 734.6 | 516.8 | 373.6 | 256.9 | 194.1 | 127.0 | 64.7 | |
| Cash Flow | |||||||||||
| Operating Cash Flow | 295.3 | 255.5 | 124.5 | 256.1 | 98.3 | 156.7 | 70.1 | 51.7 | 25.7 | 20.0 | |
| Capital Expenditure | (6.4) | (75.2) | (41.2) | (17.3) | (13.9) | (7.5) | (14.2) | (7.5) | (7.4) | (7.2) | |
| Free Cash Flow | 288.9 | 180.3 | 83.3 | 238.8 | 84.4 | 149.2 | 55.9 | 44.2 | 18.3 | 12.8 | |