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

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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
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 Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
 316,861 454,086 588,916 551,451 551,451 606,212
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
82.3%
46.6% —

Sales and marketing

15.5% —

Product technology and development

11.3% —

General and administrative

7.7% —

Cost of revenue

1.1% —

Depreciation and amortization
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
45,679
 17,609 24,811 36,300 42,706 42,706 45,816
Gross profit
45,679
45,679
 299,252 429,275 552,616 508,745 508,745 560,396
Product technology and development
45,679
45,679
 22,470 47,866 69,462 85,726 85,726 79,988
Sales and marketing
45,679
45,679
 236,165 315,939 393,844 256,979 256,979 268,732
General and administrative
45,679
45,679
 22,688 39,475 50,434 62,166 62,166 71,476
Depreciation and amortization
45,679
45,679
 2,655 2,804 4,554 6,118 6,118 6,356
Total operating expenses
45,679
45,679
 283,978 406,084 518,294 410,989 410,989 426,552
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
17.7%
17.7% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 $15,274 $23,191 $34,322 $97,756 $97,756 $133,844
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.1%
0.1% —

Other income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
 (306) 10 1,399 - - -
Other income
-
-
 - 10 1,399 279 279 (300)
Total non-operating income (expense)
45,679
45,679
 (306) 10 1,399 279 279 (300)
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
17.8%
17.8% —

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 Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 $14,968 $23,201 $35,721 $98,035 $98,035 $133,544
Selected Year:
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
3.7%
0.2% —

Interest income

3.9% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest income
-
45,679
 869 2,283 2,984 1,075 1,075 88
Total other expense or income
-
45,679
 563 2,293 4,383 1,354 1,354 (212)
Income before income taxes
45,679
45,679
 15,837 25,484 38,705 99,110 99,110 133,632
Income tax expense or benefit
45,679
45,679
 2,638 (39,686) (3,441) 21,557 21,557 32,980
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
14.1%
14.1% —

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 Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 $13,199 $65,170 $42,146 $77,553 $77,553 $100,652
Preferred stock deemed dividend
45,679
45,679
 - - - - - -
Net income (loss) attributable to participating securities Net income (loss) attributable to participating securities
45,679
45,679
 (6,098) - - - - -
Net income (loss) attributable to common stock - basic Net income (loss) attributable to common stock - basic
45,679
45,679
 7,101 65,170 42,146 - - -
Net income (loss) attributable to common stock - diluted Net income (loss) attributable to common stock - diluted
45,679
45,679
 7,370 65,170 42,146 - - -

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
-
-
 77,890,576 90,087,775 91,983,435 97,723,371 97,723,371 97,723,371
Class B
-
-
 28,235,290 20,702,084 20,314,644 19,076,500 19,076,500 19,076,500
Selected Year:
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 Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
 $0.13 $0.60 $0.38 $0.69 $0.69 $0.92
Net Income per diluted share
$45,678,795.00
$45,678,795.00
 $0.12 $0.57 $0.37 $0.68 $0.68 $0.88