cargurus (cargurus.com) uses data and technology to help consumers find the best car deals from car dealers they can trust. founded in 2006 by langley steinert, also a co-founder of tripadvisor, we’re now the 2nd largest and fastest growing auto-shopping website in the u.s. by daily user traffic. at cargurus, we believe a transparent car shopping experience is better for shoppers and sellers alike, and we innovate constantly to deliver on that promise. today more than 15 million (and growing) unique monthly visitors use our site and our mobile app to find their next car. with headquarters in cambridge, cargurus has that "start-up feel" (we dislike meetings, play lots of foosball, have catered lunches and fun company outings—the list goes on). unlike many start-ups, however, we have the advantage of being profitable (for 5.5 years!) with sustained revenue growth. cargurus is an engineering-driven company with a passion for data, and that drives everything from the speed at which we
Company profile
Ticker
CARG
Exchange
Website
CEO
Langley Steinert
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Cargurus LLC
SEC CIK
Corporate docs
Subsidiaries
CarGurus Canada, Inc., a company incorporated • CarGurus Ireland Limited • CarGurus Securities Corp. • CarGurus UK Limited • CarOffer, LLC • WPLE, Inc. ...
CARG stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
12 Apr 24
S-8
Registration of securities for employees
26 Feb 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
CarGurus Announces Fourth Quarter and Full-Year 2023 Results
26 Feb 24
8-K
Departure of Directors or Certain Officers
12 Jan 24
8-K
CarGurus Finalizes Acquisition of CarOffer
4 Dec 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
CarGurus Announces Third Quarter 2023 Results
7 Nov 23
8-K
CarGurus Appoints Elisa Palazzo as Chief Financial Officer
30 Oct 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
Transcripts
CARG
Earnings call transcript
2023 Q4
26 Feb 24
CARG
Earnings call transcript
2023 Q3
7 Nov 23
CARG
Earnings call transcript
2023 Q2
9 Aug 23
CARG
Earnings call transcript
2023 Q1
9 May 23
CARG
Earnings call transcript
2022 Q4
28 Feb 23
CARG
Earnings call transcript
2022 Q3
9 Nov 22
CARG
Earnings call transcript
2022 Q2
9 Aug 22
CARG
Earnings call transcript
2022 Q1
10 May 22
CARG
Earnings call transcript
2021 Q4
25 Feb 22
CARG
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
4
Samuel Zales
17 Apr 24
144
Notice of proposed sale of securities
16 Apr 24
4
Javier Esquivel Zamora
3 Apr 24
4
Samuel Zales
3 Apr 24
4
Langley Steinert
3 Apr 24
4
Jason Trevisan
3 Apr 24
4
Dafna Sarnoff
3 Apr 24
4
Matthew Todd Quinn
3 Apr 24
4
Zachary Emerson Hallowell
3 Apr 24
4
Andrea Lee Eldridge
3 Apr 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 366.95 mm | 366.95 mm | 366.95 mm | 366.95 mm | 366.95 mm | 366.95 mm |
Cash burn (monthly) | 2.56 mm | 5.03 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 17.00 mm | 33.46 mm | n/a | n/a | n/a | n/a |
Cash remaining | 349.95 mm | 333.49 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 136.9 | 66.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 244 |
Opened positions | 53 |
Closed positions | 29 |
Increased positions | 72 |
Reduced positions | 81 |
13F shares | Current |
---|---|
Total value | 1.60 tn |
Total shares | 113.49 mm |
Total puts | 190.90 k |
Total calls | 386.80 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 14.93 mm | $261.52 bn |
Vanguard | 10.23 mm | $179.15 bn |
ArrowMark Colorado | 8.67 mm | $151.90 bn |
Stad Marc | 8.57 mm | $271.86 mm |
Par Investment Partners | 6.74 mm | $94.49 mm |
MFC Manulife Financial | 6.55 mm | $91.83 mm |
Dragoneer Investment | 5.75 mm | $100.67 bn |
Foxhaven Asset Management | 4.77 mm | $83.63 bn |
MS Morgan Stanley | 4.68 mm | $81.94 bn |
Wellington Management | 4.09 mm | $71.60 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Apr 24 | Zales Samuel | Class A Common Stock | Sell | Dispose S | No | Yes | 21.42 | 17,668 | 378.45 k | 548,845 |
16 Apr 24 | Zales Samuel | Class A Common Stock | Option exercise | Acquire M | No | Yes | 0 | 17,668 | 0.00 | 566,513 |
16 Apr 24 | Zales Samuel | Employee Stock Option Class A Common Stock | Option exercise | Dispose M | No | Yes | 0 | 17,668 | 0.00 | 9,778 |
2 Apr 24 | Dafna Sarnoff | Class A Common Stock | Sell | Dispose S | No | Yes | 22.46 | 4,301 | 96.60 k | 155,617 |
1 Apr 24 | Zachary Emerson Hallowell | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 2,080 | 47.84 k | 151,546 |
1 Apr 24 | Matthew Todd Quinn | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 4,969 | 114.29 k | 228,324 |
1 Apr 24 | Dafna Sarnoff | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 3,880 | 89.24 k | 159,918 |
1 Apr 24 | Dafna Sarnoff | Class A Common Stock | Sell | Dispose S | No | Yes | 23.04 | 4,301 | 99.10 k | 163,798 |
1 Apr 24 | Trevisan Jason | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 26,270 | 604.21 k | 842,146 |
News
JMP Securities Reiterates Market Perform on CarGurus
17 Apr 24
Expert Outlook: CarGurus Through The Eyes Of 4 Analysts
15 Mar 24
UBS Maintains Neutral on CarGurus, Raises Price Target to $27
15 Mar 24
Why Helix Energy Solutions Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
27 Feb 24
Why CarGurus Shares Are Declining Today
27 Feb 24