Consumer Cyclical · Auto - Dealerships
Price
$33.03
Market Cap
$3.2B
Employees
1,282
Beta
1.21
Avg Volume
1,331,828
CEO
Jason Trevisan
Business Description
CarGurus, Inc., established in Boston, Massachusetts, in 2005, manages a prominent online ecosystem for vehicle transactions, serving both buyers and sellers across the United States and internationally. The company's operations are divided into two main segments: the U.S. Marketplace and Digital Wholesale. Essentially, CarGurus offers an expansive digital automotive marketplace where individuals can search for new and pre-owned vehicle listings from numerous dealerships. Simultaneously, it empowers dealers by linking them with a vast, engaged consumer base and supplying them with practical, data-driven market intelligence. The platform provides an array of specialized features to simplify the car buying and selling journey. For instance, "Digital Deal" allows prospective buyers to begin their purchase directly from a vehicle's detailed listing, while "Finance in Advance" enables qualified consumers to secure pre-approved financing from partnering dealerships. For individuals looking to sell their vehicles, CarGurus offers "Sell My Car – Top Dealer Offers," where dealers present customized trade-in valuations, and "Sell My Car – Instant Max Cash Offer," which facilitates quick online sales of consumer vehicles to dealerships. Furthermore, CarGurus delivers various products to its dealership partners, including listing enhancements and analytical data tools. It also presents advertising avenues for automotive manufacturers and other businesses, focusing on strategies like brand reinforcement, category sponsorship, exclusive automobile segment positioning, and targeted consumer exposure. The company expands its reach through additional platforms such as Autolist, another online automotive marketplace accessible via mobile apps and its website, and PistonHeads, a comprehensive automotive hub featuring a marketplace, an auction platform, and editorial content for car enthusiasts. CarGurus, Inc. adopted its current name in June 2015, having previously operated as CarGurus LLC.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
20.84
Stock Price: $33.03
EPS (Diluted): 1.59
EPS (Diluted): 1.59
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
9.77
Stock Price: $33.03
Total Equity: $374.20M
Shares: 96,759,601
Total Equity: $374.20M
Shares: 96,759,601
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.71
Market Cap: $3.19B
Total Debt: $0.00
Cash: $190.52M
EBITDA: $235.11M
Total Debt: $0.00
Cash: $190.52M
EBITDA: $235.11M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$3.7B
Market Cap: $3.19B
Total Debt: $0.00
Cash: $190.52M
Total Debt: $0.00
Cash: $190.52M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
89.0%
Gross Profit: $835.54M
Revenue: $938.98M
Revenue: $938.98M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
20.7%
Operating Income: $194.40M
Revenue: $938.98M
Revenue: $938.98M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
16.6%
Net Income: $155.90M
Revenue: $938.98M
Revenue: $938.98M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
41.9%
Net Income: $155.90M
Total Equity: $374.20M
Total Equity: $374.20M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
37.8%
Operating Income: $194.40M
Tax Rate: 21.2%
Equity: $374.20M
Total Debt: $0.00
Cash: $190.52M
Tax Rate: 21.2%
Equity: $374.20M
Total Debt: $0.00
Cash: $190.52M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.81
Current Assets: $282.95M
Current Liabilities: $100.54M
Current Liabilities: $100.54M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $374.20M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $374.20M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$9.70
Revenue: $938.98M
Shares: 96,759,601
Shares: 96,759,601
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$3.87
Total Equity: $374.20M
Shares: 96,759,601
Shares: 96,759,601
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.99
Operating CF: $295.28M
CapEx: -$6.38M
Shares: 96,759,601
CapEx: -$6.38M
Shares: 96,759,601
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $33.03
Stock Price: $33.03
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $155.90M
Net Income: $155.90M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CARG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $951.4M | $1.7B | $914.2M | $894.4M | $939.0M |
| Cost of Revenue | $294.0M | $997.5M | $262.8M | $155.4M | $103.4M |
| Gross Profit | $657.4M | $657.6M | $651.5M | $738.9M | $835.5M |
| Operating Expenses | $509.1M | $549.1M | $618.8M | $725.5M | $641.1M |
| Operating Income | $148.3M | $108.5M | $32.6M | $13.4M | $194.4M |
| Net Income | $109.2M | $193.8M | $31.1M | $21.0M | $155.9M |
| EBITDA | $200.0M | $167.8M | $100.2M | $173.3M | $235.1M |
| EPS | $0.00 | $1.64 | $0.19 | $0.20 | $1.59 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $231.9M | $469.5M | $291.4M | $304.2M | $190.5M |
| Total Current Assets | $563.1M | $557.4M | $391.2M | $391.2M | $282.9M |
| Total Assets | $931.6M | $927.1M | $918.9M | $824.5M | $661.9M |
| Current Liabilities | $170.7M | $98.7M | $115.2M | $93.1M | $100.5M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $251.9M | $155.7M | $302.1M | $282.8M | $287.7M |
| Total Equity | $516.8M | $734.6M | $616.9M | $541.7M | $374.2M |
| Retained Earnings | $129.3M | $323.0M | $354.1M | $375.1M | $362.4M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $98.3M | $256.1M | $124.5M | $255.5M | $295.3M |
| Capital Expenditure | -$13.9M | -$17.3M | -$41.2M | -$75.2M | -$6.4M |
| Free Cash Flow | $84.4M | $238.8M | $83.3M | $180.3M | $288.9M |
| Acquisitions (net) | -$64.3M | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$14.4M | -$208.5M | -$146.2M | -$351.9M |
| Net Change in Cash | $47.4M | $235.9M | -$190.2M | $12.3M | -$115.7M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 7:03am (1h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$1.1B $1.1B – $1.1B
|
$1.2B $1.2B – $1.2B
|
$1.3B $1.3B – $1.3B
|
$1.3B $1.3B – $1.3B
|
| EBITDA |
$192.1M $190.3M – $193.8M
|
$206.3M $206.3M – $206.3M
|
$219.9M $217.0M – $222.1M
|
$231.2M $228.2M – $233.5M
|
| Net Income |
$304.6M $234.1M – $375.1M
|
$291.9M $266.2M – $428.3M
|
$447.0M $439.3M – $452.8M
|
$491.1M $482.5M – $497.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +74.0% | -44.8% | -2.2% | +5.0% |
| Gross Profit Growth | +0.0% | -0.9% | +13.4% | +13.1% |
| Operating Income Growth | -26.8% | -69.9% | -58.9% | +1,349.4% |
| Net Income Growth | +77.4% | -83.9% | -32.6% | +643.4% |
| EBITDA Growth | -16.1% | -40.3% | +73.0% | +35.7% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 7:03am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-09 | Steinert Langley | C-Conversion | 377,639.00 | $0.00 | $0 |
| 2026-06-09 | Steinert Langley | C-Conversion | 74,998.00 | $0.00 | $0 |
| 2026-06-09 | Steinert Langley | C-Conversion | 377,639.00 | $0.00 | $0 |
| 2026-06-09 | Steinert Langley | C-Conversion | 74,998.00 | $0.00 | $0 |
| 2026-06-03 | Schwartz Greg M | A-Award | 7,339.00 | $0.00 | $0 |
| 2026-06-03 | Kaufer Stephen | A-Award | 7,339.00 | $0.00 | $0 |
| 2026-06-03 | HICKOK LORI A | A-Award | 7,339.00 | $0.00 | $0 |
| 2026-06-03 | Gupta Manik | A-Award | 7,339.00 | $0.00 | $0 |
| 2026-06-03 | Conine Steven | A-Award | 7,339.00 | $0.00 | $0 |
| 2026-05-01 | Zamora Javier | F-InKind | 1,142.00 | $37.04 | $42,300 |
| 2026-05-01 | Elshareef Ismail | F-InKind | 1,396.00 | $37.04 | $51,708 |
| 2026-04-02 | Sarnoff Dafna | S-Sale | 5,445.00 | $33.04 | $179,903 |
| 2026-04-02 | Quinn Matthew Todd | S-Sale | 4,341.00 | $33.04 | $143,427 |
| 2026-04-02 | Hanson Jennifer Ladd | S-Sale | 567.00 | $33.04 | $18,734 |
| 2026-04-01 | Zamora Javier | F-InKind | 2,604.00 | $33.55 | $87,364 |
| 2026-04-01 | Zales Samuel | F-InKind | 11,525.00 | $33.55 | $386,664 |
| 2026-04-01 | Trevisan Jason | F-InKind | 21,509.00 | $33.55 | $721,627 |
| 2026-04-01 | Steinert Langley | F-InKind | 12,315.00 | $33.55 | $413,168 |
| 2026-04-01 | Sarnoff Dafna | F-InKind | 5,702.00 | $33.55 | $191,302 |
| 2026-04-01 | Quinn Matthew Todd | F-InKind | 8,094.00 | $33.55 | $271,554 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CARG — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30