CarGurus Inc. (CARG) Financial Statements (2025 and earlier)

Company Profile

Business Address 1001 BOYLSTON STREET
BOSTON, MA 02115
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments312,087469,517321,944290,299171,612157,687
Cash and cash equivalents291,363469,517231,944190,29959,92034,887
Short-term investments 20,724 90,000100,000111,692122,800
Restricted cash and investments2,5635,2376,709250250750
Receivables39,96346,817189,32418,23522,12413,614
Inventory, net of allowances, customer advances and progress billings3315,28219,656   
Inventory3315,28219,656   
Prepaid expense     10,45210,144
Contract with customer, asset, after allowance for credit loss11,0958,5419,04510,8079,5445,253
Other current assets     4,9727,410
Other undisclosed current assets25,15221,97216,43012,385  
Total current assets:391,191557,366563,108331,976218,954194,858
Noncurrent Assets
Operating lease, right-of-use asset169,68256,86960,60960,83559,986
Property, plant and equipment83,37040,12832,21027,48327,95024,269
Intangible assets, net (including goodwill)180,954210,521242,20239,99119,127 
Goodwill157,898157,467158,28729,12915,207 
Intangible assets, net (excluding goodwill)23,05653,05483,91510,8623,920 
Contract with customer, asset, after allowance for credit loss12,9988,8535,8679,18910,5147,252
Restricted cash and investments  9,3789,62710,37710,5531,921
Deferred income tax assets73,35635,48813,37819,774 
Other noncurrent assets7,3768,4994,5732,6733,8261,104
Other undisclosed noncurrent assets     42,71338,886
Total noncurrent assets:527,736369,736368,466170,322174,66973,432
TOTAL ASSETS:918,927927,102931,574502,298393,623268,290
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63,10143,53692,15036,34945,36842,611
Taxes payable6,344   
Employee-related liabilities11,77710,8458,6378,266
Accounts payable47,85432,52966,15321,56336,73134,345
Accrued liabilities15,24711,0077,8763,941  
Deferred revenue21,32212,24912,7849,1379,984
Debt     8,781 
Deferred rent credit      1,693
Contract with customer, liability8,811
Other undisclosed current liabilities30,75542,94865,77521,0509,62510,388
Total current liabilities:115,17898,733170,70966,53673,75863,503
Noncurrent Liabilities
Long-term debt and lease obligation:   57,51958,81060,818 
Liabilities, other than long-term debt186,89757,01123,6973,3661,90810,676
Deferred rent credit      9,395
Deferred income tax liabilities 585458291 
Other liabilities4,7335,30123,6393,0751,9081,281
Operating lease, liability182,10651,65657,51958,81060,818
Other undisclosed noncurrent liabilities     284 
Total noncurrent liabilities:186,89757,01181,21662,17663,01010,676
Total liabilities:302,075155,744251,925128,712136,76874,179
Temporary equity, carrying amount  36,749162,808   
Equity
Equity, attributable to parent, including:616,852734,609516,841373,586256,855194,111
Additional paid in capital263,498413,092387,868242,181205,234184,216
Accumulated other comprehensive income (loss)(901)(1,644)(403)1,880(350)71
Retained earnings354,147323,043129,258129,41251,8599,713
Other undisclosed equity, attributable to parent108118118113112111
Total equity:616,852734,609516,841373,586256,855194,111
TOTAL LIABILITIES AND EQUITY:918,927927,102931,574502,298393,623268,290

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues914,2421,655,035951,373551,451588,916454,086
Cost of revenue
(Cost of Goods and Services Sold)
(262,788)(997,482)(294,015)(42,706)(36,300)(2,225)
Other undisclosed gross profit      (22,586)
Gross profit:651,454657,553657,358508,745552,616429,275
Operating expenses(618,827)(549,075)(509,090)(410,989)(518,294)(406,084)
Operating income (loss):32,627108,478148,26897,75634,32223,191
Nonoperating income19,0602,8841,0921,3544,3832,293
Investment income, nonoperating18,4303,8451201,0752,9842,283
Other nonoperating income (expense)630(961)9722791,39910
Income (loss) from continuing operations before income taxes:51,687111,362149,36099,11038,70525,484
Income tax expense (benefit)(29,634)(32,408)(38,987)(21,557)3,44139,686
Income (loss) from continuing operations:22,05378,954110,37377,55342,14665,170
Income before gain (loss) on sale of properties:110,37377,55342,14665,170
Net income (loss):22,05378,954110,37377,55342,14665,170
Net income (loss) attributable to noncontrolling interest14,8895,433(1,129)   
Net income (loss) attributable to parent:36,94284,387109,24477,55342,14665,170
Preferred stock dividends and other adjustments  109,398(109,398)   
Other undisclosed net loss available to common stockholders, basic(5,838)     
Net income (loss) available to common stockholders, basic:31,104193,785(154)77,55342,14665,170
Other undisclosed net income (loss) available to common stockholders, diluted(9,051)(114,831)    
Net income (loss) available to common stockholders, diluted:22,05378,954(154)77,55342,14665,170

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):22,05378,954110,37377,55342,14665,170
Other undisclosed comprehensive income (loss)743(1,241)(2,283)   
Comprehensive income (loss):22,79677,713108,09077,55342,14665,170
Comprehensive income (loss), net of tax, attributable to noncontrolling interest14,8895,433(1,129)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    2,230(421)(157)
Comprehensive income (loss), net of tax, attributable to parent:37,68583,146106,96179,78341,72565,013

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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