Company name:

CarGurus Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    12 October 2017
  • TICKER:
    CARG
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    2 Canal Park 4th Floor Cambridge Massachusetts 02141
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

CarGurus Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
37.9% 19.9% 3.6%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
66.1%
37.9% —

Cash and cash equivalents

19.9% —

Short-term passive investments

3.6% —

Accounts Receivable

2.5% —

Prepaid expenses prepaid income taxes and other current assets

2.2% —

Deferred contract costs

0.0% —

Restricted cash and cash equivalents

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
 $87,709 $34,887 $59,920 $190,299
Short-term passive investments
$45,679
 50,000 122,800 111,692 100,000
Restricted cash and cash equivalents
-
 - 750 250 250
Accounts Receivable
$45,679
 12,577 13,614 22,124 18,235
Prepaid income taxes
$45,679
 - - - -
Prepaid expenses and prepaid income taxes
-
 5,313 10,144 10,452 -
Prepaid expenses and other current assets
$45,679
 - - - -
Prepaid expenses prepaid income taxes and other current assets
-
 - - 15,424 12,385
Deferred contract costs
-
 - 5,253 9,544 10,807
Other short-term assets
-
 1,605 7,410 4,972 -
Total current assets
$45,679
 $157,204 $194,858 $218,954 $331,976
5.5% 12.1% 3.9% 5.8%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
33.9%
12.1% —

Operating lease - right-of-use assets

5.8% —

Goodwill

5.5% —

Property and equipment net

3.9% —

Deferred tax assets

2.2% —

Intangible assets

2.1% —

Long-term restricted cash

1.8% —

Deferred contract acquisition costs

0.5% —

Other non-current assets
Selected Year:
Long-term restricted cash
45,679
 1,843 1,921 10,553 10,377
Property and equipment net
45,679
 16,563 24,269 27,950 27,483
Operating lease - right-of-use assets
-
 - - 59,986 60,835
Deferred tax assets
45,679
 825 38,886 42,713 19,774
Deferred contract acquisition costs
-
 - 7,252 10,514 9,189
Intangible assets
-
 - - 3,920 10,862
Goodwill
-
 - - 15,207 29,129
Other non-current assets
-
 - 1,104 3,826 2,673
Other long-term assets
45,679
 159 - - -
Total non-current assets
45,679
 19,390 73,432 174,669 170,322
Total assets
45,679
 $176,594 $268,290 $393,623 $502,298
4.9% 4.3% 11.7% 25.8% 48.2%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
13.2%
4.9% —

Accrued expenses accrued income taxes and other current liabilities

4.3% —

Accounts payable

2.2% —

Current portion of Operating leases

1.8% —

Current portion of deferred revenue
Selected Year:
Accounts payable
$45,679
 $23,908 $34,345 $36,731 $21,563
Accrued expenses
$45,679
 - - - -
Accrued expenses accrued income taxes and other current liabilities
-
 13,588 18,654 18,262 24,751
Current portion of deferred revenue
$45,679
 4,305 8,811 9,984 9,137
Deferred rent
$45,679
 1,165 1,693 - -
Current portion of Operating leases
-
 - - 8,781 11,085
Total current liabilities
$45,679
 $42,966 $63,503 $73,758 $66,536
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
12.4%
11.7% —

Operating leases

0.6% —

Other non-current liabilities

0.1% —

Deferred tax liability
Selected Year:
Deferred tax liability
$45,679
 - - 284 291
Deferred rent
$45,679
 5,648 9,395 - -
Operating leases
-
 - - 60,818 58,810
Other non-current liabilities
$45,679
 955 1,281 1,908 3,075
Total long-term liabilities
$45,679
 $6,603 $10,676 $63,010 $62,176
Total Liabilities
$45,679
 $49,569 $74,179 $136,768 $128,712
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
74.4%
48.2% —

Additional paid-in capital

25.8% —

Retained earnings

0.4% —

Accumulated other comprehensive (loss) income

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Year:
Convertible preferred stock
$45,679
 - - - -
Common stock Class A
$45,679
 78 90 92 94
Common stock Class B
$45,679
 28 21 20 19
Retained earnings
-
 (58,499) 9,713 51,859 129,412
Accumulated deficit
$45,679
 - - - -
Additional paid-in capital
$45,679
 185,190 184,216 205,234 242,181
Accumulated other comprehensive income
-
 228 - - -
Accumulated other comprehensive (loss) income
$45,679
 - 71 (350) 1,880
Accumulated other comprehensive loss
-
 - - (350) -
Total Equity
$45,679
 $127,025 $194,111 $256,855 $373,586
Total Liabilities and Equity
$45,679
 $176,594 $268,290 $393,623 $502,298