Cash flow CarGurus, Inc.

Equities

CARG

US1417881091

Internet Services

Market Closed - Nasdaq Other stock markets 01:00:00 2024-11-29 pm EST			5-day change	1st Jan Change
37.82 ^USD	+0.48%		+6.18%	+56.54%

Nov. 20	Cargurus Insider Sold Shares Worth $337,953, According to a Recent SEC Filing	MT
Nov. 12	Cargurus Insider Sold Shares Worth $4,921,155, According to a Recent SEC Filing	MT

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Published financial data: CARGURUS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	589M	551M	951M	1.66B	914M
Total Revenues	589M	551M	951M	1.66B	914M
Cost of Goods Sold, Total	36.3M	41.72M	293M	997M	263M
Gross Profit	553M	510M	658M	658M	652M
Selling General & Admin Expenses, Total	444M	316M	388M	410M	457M
R&D Expenses	69.46M	83.07M	106M	124M	146M
Depreciation & Amortization - (IS)	4.55M	6.12M	14.42M	15.48M	15.83M
Other Operating Expenses, Total	518M	405M	508M	549M	619M
Operating Income	34.32M	105M	150M	109M	32.81M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	2.98M	1.08M	120K	3.84M	18.43M
Net Interest Expenses	2.98M	1.08M	120K	3.84M	18.43M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	1.4M	279K	972K	-961K	630K
EBT, Excl. Unusual Items	38.7M	106M	151M	112M	51.87M
Restructuring Charges	-	-4.27M	-	-	-
Merger & Related Restructuring Charges	-	-2.9M	-709K	-	-
Asset Writedown	-	-	-647K	-165K	-184K
EBT, Incl. Unusual Items	38.7M	99.11M	149M	111M	51.69M
Income Tax Expense	-3.44M	21.56M	38.99M	32.41M	29.63M
Earnings From Continuing Operations	42.15M	77.55M	110M	78.95M	22.05M
Net Income to Company	42.15M	77.55M	110M	78.95M	22.05M
Minority Interest	-	-	-111M	115M	9.05M
Net Income - (IS)	42.15M	77.55M	-154K	194M	31.1M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	42.15M	77.55M	-154K	194M	31.1M
Net Income to Common Excl. Extra Items	42.15M	77.55M	-154K	194M	31.1M
Per Share Items
Net EPS - Basic	0.38	0.69	-0	1.64	0.27
Basic EPS - Continuing Operations	0.38	0.69	-0	1.64	0.27
Basic Weighted Average Shares Outstanding	111M	113M	117M	118M	113M
Net EPS - Diluted	0.37	0.68	-0	0.62	0.19
Diluted EPS - Continuing Operations	0.37	0.68	-0	0.62	0.19
Diluted Weighted Average Shares Outstanding	113M	114M	117M	128M	114M
Normalized Basic EPS	0.22	0.59	-0.14	1.56	0.37
Normalized Diluted EPS	0.21	0.58	-0.14	1.44	0.36
Supplemental Items
EBITDA	42.14M	115M	186M	145M	66.36M
EBITA	34.97M	106M	180M	139M	62.87M
EBIT	34.32M	105M	150M	109M	32.81M
EBITDAR	52.4M	129M	202M	160M	98.68M
Total Revenues (As Reported)	-	-	951M	1.66B	914M
Effective Tax Rate - (Ratio)	-8.89	21.75	26.1	29.1	57.33
Current Domestic Taxes	-220K	-1.44M	32.57M	54.35M	66.97M
Current Foreign Taxes	513K	767K	253K	175K	532K
Total Current Taxes	293K	-678K	32.82M	54.52M	67.5M
Deferred Domestic Taxes	-3.68M	22.27M	6.37M	-22.07M	-37.86M
Deferred Foreign Taxes	-51K	-38K	-204K	-47K	-9K
Total Deferred Taxes	-3.73M	22.24M	6.16M	-22.11M	-37.86M
Normalized Net Income	24.19M	66.42M	-16.33M	185M	41.47M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	-	-	151M	156M	139M
Selling and Marketing Expenses	394M	256M	291M	337M	304M
General and Administrative Expenses	50.43M	59.23M	96.97M	73.12M	153M
Research And Development Expense From Footnotes	71.1M	89.05M	110M	124M	146M
Net Rental Expense, Total	10.26M	14.16M	15.84M	14.92M	32.32M
Stock-Based Comp., COGS (Total)	354K	293K	417K	475K	2.37M
Stock-Based Comp., R&D Exp. (Total)	15.16M	20.74M	22.29M	20.27M	25.93M
Stock-Based Comp., S&M Exp. (Total)	9.99M	10.56M	12.8M	7.73M	13.71M
Stock-Based Comp., G&A Exp. (Total)	8.8M	13.72M	42.2M	5.21M	71.44M
Stock-Based Comp., Other (Total)	-	-	-	21.1M	-
Total Stock-Based Compensation	34.3M	45.32M	77.71M	54.78M	113M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	59.92M	190M	232M	470M	291M
Short Term Investments	112M	100M	90M	-	20.72M
Total Cash And Short Term Investments	172M	290M	322M	470M	312M
Accounts Receivable, Total	22.12M	18.24M	189M	46.82M	39.96M
Total Receivables	22.12M	18.24M	189M	46.82M	39.96M
Inventory	-	-	19.66M	5.28M	331K
Prepaid Expenses	10.45M	12.38M	16.43M	21.97M	24.65M
Restricted Cash	250K	250K	6.71M	5.24M	2.56M
Other Current Assets, Total	14.52M	10.81M	9.04M	8.54M	11.6M
Total Current Assets	219M	332M	563M	557M	391M
Gross Property Plant And Equipment	106M	114M	128M	146M	312M
Accumulated Depreciation	-18.16M	-25.99M	-35.32M	-48.97M	-58.97M
Net Property Plant And Equipment	87.94M	88.32M	92.82M	97M	253M
Goodwill	15.21M	29.13M	158M	157M	158M
Other Intangibles, Total	3.92M	10.86M	83.92M	53.05M	23.06M
Deferred Tax Assets Long-Term	42.71M	19.77M	13.38M	35.49M	73.36M
Deferred Charges Long-Term	10.51M	9.19M	5.87M	11.3M	14.92M
Other Long-Term Assets, Total	14.38M	13.05M	14.2M	15.44M	5.45M
Total Assets	394M	502M	932M	927M	919M
Liabilities
Accounts Payable, Total	36.73M	21.56M	66.15M	32.53M	47.85M
Accrued Expenses, Total	18.26M	24.75M	35.47M	39.19M	33.72M
Current Portion of Leases	8.78M	11.08M	13.19M	14.76M	12.28M
Current Income Taxes Payable	-	-	6.34M	-	-
Unearned Revenue Current, Total	9.98M	9.14M	12.78M	12.25M	21.32M
Other Current Liabilities	-	-	36.78M	-	-
Total Current Liabilities	73.76M	66.54M	171M	98.73M	115M
Long-Term Leases	60.82M	58.81M	57.52M	51.66M	182M
Deferred Tax Liability Non Current	284K	291K	58K	54K	58K
Other Non Current Liabilities	1.91M	3.08M	23.64M	5.3M	4.73M
Total Liabilities	137M	129M	252M	156M	302M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	112K	113K	118K	118K	108K
Additional Paid In Capital	205M	242M	388M	413M	263M
Retained Earnings	51.86M	129M	129M	323M	354M
Comprehensive Income and Other	-350K	1.88M	-403K	-1.64M	-901K
Total Common Equity	257M	374M	517M	735M	617M
Minority Interest	-	-	163M	36.75M	-
Total Equity	257M	374M	680M	771M	617M
Total Liabilities And Equity	394M	502M	932M	927M	919M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	112M	117M	118M	115M	107M
ECS Total Common Shares Outstanding	112M	113M	118M	118M	108M
Book Value / Share	2.29	3.29	4.39	6.24	5.7
Tangible Book Value	238M	334M	275M	524M	436M
Tangible Book Value Per Share	2.12	2.94	2.33	4.46	4.03
Total Debt	69.6M	69.9M	70.7M	66.42M	194M
Net Debt	-102M	-220M	-251M	-403M	-118M
Debt Equivalent Oper. Leases	82.08M	113M	127M	119M	259M
Minority Interest, Total (Incl. Fin. Div)	-	-	163M	36.75M	-
Account Code - Inventory Valuation	3	3	3	8	3
Machinery, Total	14.73M	15.43M	16.96M	16.49M	9.48M
Full Time Employees	921	827	1.2K	1.4K	1.34K
Accumulated Allowance for Doubtful Accounts (Supple)	240K	616K	420K	1.81M	610K
Order Backlog	35M	17.7M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	42.15M	77.55M	-154K	194M	31.1M
Depreciation & Amortization - CF	7.17M	8.2M	6.32M	5.7M	3.49M
Amortization of Goodwill and Intangible Assets - (CF)	649K	1.52M	30.15M	30.72M	30.06M
Depreciation & Amortization, Total	7.82M	9.72M	36.48M	36.41M	33.55M
Amortization of Deferred Charges, Total - (CF)	8.42M	12.07M	16.65M	20.13M	27.25M
(Gain) Loss From Sale Of Asset	-	-	-	-	-460K
Asset Writedown & Restructuring Costs	-	1.15M	3.13M	165K	184K
Stock-Based Compensation (CF)	34.3M	45.09M	53.52M	54.78M	63.74M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	1.09M	1.93M	999K	1.77M	378K
Other Operating Activities, Total	-4.42M	22.26M	117M	-137M	-47.11M
Change In Accounts Receivable	-9.61M	3.89M	-175M	153M	10.98M
Change In Inventories	-	-	-17.32M	14.37M	1.96M
Change In Accounts Payable	4.27M	-15.08M	35.4M	-35.05M	2.08M
Change in Unearned Revenues	1.17M	-861K	3.66M	-525K	9.07M
Change in Other Net Operating Assets	-15.06M	-986K	24.08M	-45.89M	-8.19M
Cash from Operations	70.12M	157M	98.29M	256M	125M
Capital Expenditure	-11.2M	-2.95M	-7.71M	-5.92M	-24.56M
Sale of Property, Plant, and Equipment	-	-	-	-	460K
Cash Acquisitions	-19.14M	-21.06M	-64.27M	-	-
Sale (Purchase) of Intangible assets	-3.02M	-4.58M	-6.16M	-11.35M	-16.65M
Investment in Marketable and Equity Securities, Total	11.11M	11.69M	10M	90M	-20.55M
Other Investing Activities, Total	-	-	-	-	-259K
Cash from Investing	-22.26M	-16.9M	-68.15M	72.73M	-61.56M
Short Term Debt Issued, Total	-	-	46.82M	-	-
Total Debt Issued	-	-	46.82M	-	-
Short Term Debt Repaid, Total	-	-	-	-40.33M	-4.48M
Long-Term Debt Repaid, Total	-30K	-37K	-14.29M	-68K	-70K
Total Debt Repaid	-30K	-37K	-14.29M	-40.4M	-4.54M
Issuance of Common Stock	1.81M	1.14M	663K	721K	74K
Repurchase of Common Stock	-16.47M	-11.18M	-15.39M	-30.45M	-224M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-22.49M	-25.05M
Cash from Financing	-14.69M	-10.08M	17.81M	-92.62M	-254M
Foreign Exchange Rate Adjustments	-1K	440K	-597K	-364K	475K
Net Change in Cash	33.16M	130M	47.35M	236M	-190M
Supplemental Items
Cash Interest Paid	-	-	-	64K	566K
Cash Income Tax Paid (Refund)	300K	2.83M	27.52M	61M	74.78M
Levered Free Cash Flow	49.06M	121M	113M	242M	181M
Unlevered Free Cash Flow	49.06M	121M	113M	242M	181M
Change In Net Working Capital	8.7M	3.86M	97.42M	-79.76M	-27.67M
Net Debt Issued / Repaid	-30K	-37K	32.53M	-40.4M	-4.54M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.48	14.64	13.04	7.31	2.22
Return on Total Capital	8.24	17.03	15.67	8.55	2.49
Return On Equity %	18.69	24.6	20.96	10.88	3.18
Return on Common Equity	18.69	24.6	-0.03	30.97	4.6
Margin Analysis
Gross Profit Margin %	93.84	92.43	69.16	39.74	71.28
SG&A Margin	75.44	57.24	40.74	24.76	49.97
EBITDA Margin %	7.16	20.79	19.56	8.76	7.26
EBITA Margin %	5.94	19.3	18.9	8.42	6.88
EBIT Margin %	5.83	19.03	15.73	6.56	3.59
Income From Continuing Operations Margin %	7.16	14.06	11.6	4.77	2.41
Net Income Margin %	7.16	14.06	-0.02	11.71	3.4
Net Avail. For Common Margin %	7.16	14.06	-0.02	11.71	3.4
Normalized Net Income Margin	4.11	12.05	-1.72	11.15	4.54
Levered Free Cash Flow Margin	8.33	22	11.88	14.6	19.82
Unlevered Free Cash Flow Margin	8.33	22	11.88	14.6	19.77
Asset Turnover
Asset Turnover	1.78	1.23	1.33	1.78	0.99
Fixed Assets Turnover	10.5	6.26	10.5	17.44	5.22
Receivables Turnover (Average Receivables)	32.96	27.33	9.17	14.02	21.07
Inventory Turnover (Average Inventory)	-	-	-	79.98	93.57
Short Term Liquidity
Current Ratio	2.97	4.99	3.3	5.65	3.4
Quick Ratio	2.63	4.64	2.99	5.23	3.06
Operating Cash Flow to Current Liabilities	0.95	2.36	0.58	2.59	1.08
Days Sales Outstanding (Average Receivables)	11.07	13.39	39.82	26.04	17.32
Days Outstanding Inventory (Average Inventory)	-	-	-	4.56	3.9
Average Days Payable Outstanding	357.34	255.71	-	18.32	56.94
Cash Conversion Cycle (Average Days)	-	-	-	12.28	-35.71
Long Term Solvency
Total Debt/Equity	27.1	18.71	10.4	8.61	31.51
Total Debt / Total Capital	21.32	15.76	9.42	7.93	23.96
LT Debt/Equity	23.68	15.74	8.46	6.7	29.52
Long-Term Debt / Total Capital	18.63	13.26	7.67	6.17	22.45
Total Liabilities / Total Assets	34.75	25.62	27.04	16.8	32.87
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	1.33	0.54	0.35	0.42	1.97
Net Debt / EBITDA	-1.95	-1.71	-1.24	-2.52	-1.19
Total Debt / (EBITDA - Capex)	1.69	0.56	0.36	0.43	2.62
Net Debt / (EBITDA - Capex)	-2.48	-1.75	-1.29	-2.62	-1.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	29.69	-6.36	72.52	73.96	-44.76
Gross Profit, 1 Yr. Growth %	28.73	-7.76	29.34	-0.04	-0.92
EBITDA, 1 Yr. Growth %	49.32	172.06	77.84	-21.77	-54.25
EBITA, 1 Yr. Growth %	50.8	204.39	80.23	-22.18	-54.88
EBIT, 1 Yr. Growth %	48	205.7	53.06	-27.04	-69.8
Earnings From Cont. Operations, 1 Yr. Growth %	-35.33	84.01	42.32	-28.47	-72.07
Net Income, 1 Yr. Growth %	-35.33	84.01	-100.2	-126K	-83.95
Normalized Net Income, 1 Yr. Growth %	51.88	174.58	-126.36	-1.2K	-77.53
Diluted EPS Before Extra, 1 Yr. Growth %	-35.09	83.78	-100.19	-46.99K	-68.65
Accounts Receivable, 1 Yr. Growth %	62.51	-17.58	938.25	-75.27	-14.64