Company name:

CarGurus Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    October 12, 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

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

(USD in thousand)
Selected Quarter:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
135,270 145,031 150,462 158,153 157,689 94,737 147,472 151,553 551,451 606,212
Selected Quarter:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
77.9%
44.3%

Sales and marketing

13.2%

Product technology and development

11.8%

General and administrative

7.6%

Cost of revenue

1.0%

Depreciation and amortization

Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
7,720 8,628 9,392 10,560 11,610 9,880 9,762 11,454 42,706 45,816
Gross profit
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
127,550 136,403 141,070 147,593 146,079 84,857 137,710 140,099 508,745 560,396
Product technology and development
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
15,972 17,346 17,745 18,399 23,084 21,887 20,758 19,997 85,726 79,988
Sales and marketing
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
91,316 101,789 100,133 100,606 93,595 38,583 57,618 67,183 256,979 268,732
General and administrative
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
11,760 12,540 12,322 13,812 15,860 14,158 14,279 17,869 62,166 71,476
Depreciation and amortization
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
1,067 1,180 1,166 1,141 1,521 1,520 1,488 1,589 6,118 6,356
Total operating expenses
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
120,115 132,855 131,366 133,958 134,060 76,148 94,143 106,638 410,989 426,552
Selected Quarter:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
22.1%
22.1%

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$7,435 $3,548 $9,704 $13,635 $12,019 $8,709 $43,567 $33,461 $97,756 $133,844
Selected Quarter:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0%

Other income

Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
-
-
-
45,679
45,679
45,679
-
45,679
45,679
902 - 251 141 - - - - - -
Other income
45,679
-
45,679
45,679
-
-
-
45,679
-
-
902 105 251 141 166 157 31 (75) 279 (300)
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
902 105 251 141 166 157 31 (75) 279 (300)
Selected Quarter:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
22.0%
22.0%

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$8,337 $3,653 $9,955 $13,776 $12,185 $8,866 $43,598 $33,386 $98,035 $133,544
Selected Quarter:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
5.5%
0.0%

Interest income

5.4%

Income tax expense or benefit

Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest income
-
-
-
-
45,679
45,679
45,679
45,679
45,679
45,679
744 744 759 737 562 317 174 22 1,075 88
Total other expense or income
-
-
-
-
45,679
45,679
45,679
45,679
45,679
45,679
1,646 849 1,010 878 728 474 205 (53) 1,354 (212)
Income before income taxes
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
9,081 4,397 10,714 14,513 12,747 9,183 43,772 33,408 99,110 133,632
Income tax expense or benefit
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
(3,503) (1,610) 330 1,342 51 2,052 11,209 8,245 21,557 32,980
Selected Quarter:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
16.6%
16.6%

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$12,584 $6,007 $10,384 $13,171 $12,696 $7,131 $32,563 $25,163 $77,553 $100,652
Net income (loss) attributable to participating securities Net income (loss) attributable to participating securities
45,679
45,679
45,679
45,679
45,679
45,679
-
-
-
-
- - - - - - - - - -
Net income (loss) attributable to common stock - basic Net income (loss) attributable to common stock - basic
45,679
45,679
45,679
45,679
45,679
45,679
-
-
-
45,679
- - - 13,171 - - - - - -
Net income (loss) attributable to common stock - diluted Net income (loss) attributable to common stock - diluted
45,679
45,679
45,679
45,679
45,679
45,679
-
-
-
-
- - - - - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
-
-
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
90,537,641 111,581,300 91,447,156 91,983,435 92,673,364 93,000,322 94,160,683 97,723,371 97,723,371 97,723,371
Class B
-
-
-
-
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
20,702,084 20,702,084 20,502,084 20,314,644 19,978,903 19,975,155 19,076,500 19,076,500 19,076,500 19,076,500
Selected Quarter:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$0.11 $0.05 $0.09 $0.12 $0.11 $0.06 $0.29 $0.23 $0.69 $0.92
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$0.11 $0.05 $0.09 $0.11 $0.11 $0.06 $0.29 $0.22 $0.68 $0.88