Company Quick10K Filing
Cargurus
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-14
10-Q 2019-09-30 Filed 2019-11-05
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-03
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-14
8-K 2020-05-07 Earnings, Exhibits
8-K 2020-04-13 Exit Costs, Officers, Regulation FD, Exhibits
8-K 2020-03-18 Regulation FD, Exhibits
8-K 2020-02-13 Earnings, Exhibits
8-K 2020-01-16 Regulation FD, Exhibits
8-K 2019-12-19 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-06-11 Earnings, Regulation FD, Exhibits
8-K 2019-05-07 Earnings, Shareholder Vote, Exhibits
8-K 2019-02-28 Earnings, Exhibits
8-K 2019-02-13 Officers, Regulation FD, Exhibits
8-K 2019-01-08 Regulation FD, Exhibits
8-K 2018-12-04 Regulation FD, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-08-20 Officers
8-K 2018-08-01 Earnings, Officers, Regulation FD, Exhibits
8-K 2018-06-19 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-06-05 Officers, Regulation FD, Exhibits
8-K 2018-05-24 Shareholder Vote
8-K 2018-05-03 Earnings, Exhibits
8-K 2018-03-22 Officers, Other Events, Exhibits
8-K 2018-03-01 Earnings, Exhibits
8-K 2018-02-28 Officers, Exhibits

Cargurus Financials

CARG Metrics, Comps, Filings

Quarterly | Annual

Business

CarGurus is a global, online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and innovative data analytics, we believe we are building the world's most trusted and transparent automotive marketplace and creating a differentiated automotive search experience for consumers. Our trusted marketplace empowers users with unbiased third‑party validation on pricing and dealer reputation as well as other information that aids them in finding "Great Deals from Top-Rated Dealers." Our selection of car listings provides the largest number of car listings available on any of the major U.S. online automotive marketplaces. In addition to the United States, we operate online marketplaces in Canada, the United Kingdom, Germany, Italy and Spain.

A core principle of our marketplace is transparency. For consumers considering used vehicles, we aggregate vehicle inventory from dealers and apply our proprietary analysis to generate a Deal Rating as one of: Great Deal, Good Deal, Fair Deal, High Priced, or Overpriced. Deal Rating illustrates how competitive a listing is compared to similar cars sold in the same region in recent history. We determine Deal Rating principally on the basis of both our proprietary Instant Market Value, or IMV, algorithm, which determines the market value of any given vehicle in a local market, and Dealer Rating, a measure of a dealer's reputation as determined by reviews of that dealer from our user community. By sorting organic search results based on a used car's Deal Rating, we enable consumers to find the most relevant car for their needs. For new cars, we help our users understand deal quality by providing price analysis and our Dealer Rating. We also provide our users information historically not widely available, such as Price History, Time on Site, and Vehicle History. We believe this approach brings greater transparency, trust, and efficiency to a consumer's car research and buying process, leading to higher engagement and a more informed consumer who is better prepared to purchase at the dealership.

Our large, engaged, and predominantly mobile user base presents an attractive audience of in‑market consumers for our dealers. By connecting dealers with more informed consumers, we believe we provide dealers with an efficient customer acquisition channel and attractive returns on their marketing spend with us. Dealers can list their inventory in our marketplace for free with our Basic Listing product or with a paid subscription to our Enhanced and Featured Listing products. Dealers with our Basic Listing product receive anonymized email connections and access to a subset of the tools on our Dealer Dashboard at no cost. Dealers with a paid subscription receive connections with consumers that are not anonymous and can be made through a wider variety of methods, including phone calls, email, managed text and chat, links to the dealers' website, and map directions to dealerships. Dealers with our Enhanced and Featured Listing products are able to display their dealer name, address, and dealership information on their listings to gain brand recognition, which promotes walk‑in traffic to the dealer. We also provide paying dealers with full access to our Dealer Dashboard, including inventory pricing tools informed by real‑time market conditions, which helps them more effectively price, merchandise, and sell their cars. Our success with dealers is evidenced by the number of paying dealers in our U.S. marketplace. Our U.S. marketplace had 27,534 paying dealers as of December 31, 2018 compared to 25,122 and 20,349 as of December 31, 2017 and December 31, 2016, respectively.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Zynga (ZNGA) 5,687 58% 55.1 1% 3,578 1,640 917 535 45 102 5,607
Pegasystems (PEGA) 5,353 65% -77.7 -8% 917 388 891 581 -75 -67 5,240
Science Applications (SAIC) 4,960 9% 17.7 3% 4,700 3,320 6,031 539 160 380 6,741
Perspecta (PRSP) 4,224 18% 9.8 1% 6,319 4,156 4,448 807 79 672 6,619
Cargurus (CARG) 3,758 94% 81.3 11% 369 132 557 524 41 46 3,726
CoreLogic (CLGX) 3,715 0% 22.8 1% 4,138 3,206 1,740 0 32 234 5,340
Five9 (FIVN) 3,292 59% 133.9 -0% 454 276 308 183 -2 26 3,430
Verint Systems (VRNT) 2,898 65% 20.1 2% 2,982 1,648 1,295 840 57 161 3,244
Pros Holdings (PRO) 2,473 62% -40.1 -12% 519 363 237 147 -65 -54 2,154
Inovalon Holdings (INOV) 2,439 74% 24.7 0% 1,943 1,269 469 348 3 132 3,255
Evertec (EVTC) 2,261 0% 16.2 8% 980 731 360 0 79 165 2,676
Endava (DAVA) 2,248 0% 223 0 0 0 0 2,248
8x8 (EGHT) 2,215 15% -19.8 -19% 667 428 390 59 -127 -114 2,256
Sogou (SOGO) 2,173 0% 1,463 456 0 0 0 0 1,988
Globant (GLOB) 1,994 0% 437 99 0 0 0 0 1,994
Scientific Games (SGMS) 1,993 62% 12.9 2% 7,907 10,032 3,423 2,136 126 813 10,458
trivago (TRVG) 1,989 0% 1,096 242 0 0 0 0 1,825
Mindbody (MB) 1,912 70% -103.9 -7% 571 290 229 160 -39 -17 1,758
Yext (YEXT) 1,902 74% -16.5 -22% 486 273 281 209 -106 -100 1,645
NETSCOUT Systems (NTCT) 1,814 73% 21.0 -1% 3,069 1,129 883 641 -31 96 2,018

Balance Sheet ($MM)2017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash279064358138333032
Accounts Receivable101312111314151718
Inventory
PP&E222424252836394344
Assets122177183213234268332346369
Accounts Payable232423303434353943
Long-Term Debt
Liabilities455048576474121124132
Stockholders' Equity-56127135156170194211222237
Income Statement ($MM)2017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue839199110119126135145150
Cost of Revenue556667899
Gross Profit788593104113119128136141
R&D6891213161718
SG&A6976799095103114112
Tax10120000
Net Income22431121213610
Cash Flow ($MM)2017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating7611101624
Cash Investing8-3139-11-14-18
Cash Financing47-1-4-3-4-4