Cargurus Intrinsic Stock Value – CarGurus Achieves Q4 Non-GAAP EPS of $0.22 in 2023, Beating Expectations by $0.11.
March 1, 2023
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Cargurus Intrinsic Stock Value – CARGURUS ($NASDAQ:CARG): CarGurus, a car shopping service provider, announced their financial results for the fourth quarter of 2023, achieving a Non-GAAP Earnings Per Share (EPS) of $0.22. This is a significant increase from the expected $0.11, and marks a milestone for the company. The strong performance is attributed to CarGurus’ continued investments in products and services aimed at providing buyers and sellers with the best possible experience during the car shopping process. The company has also made strides in expanding its reach to international markets, which is expected to boost its growth even further. The company’s platform has gained an impressive following over the past year and continues to expand.
The introduction of features such as virtual test drives have allowed users to have a more informed car-buying experience, leading to increased customer engagement. CarGurus is on track for a strong year, and their performance in the fourth quarter has set a good foundation for the year ahead. As the company continues to innovate and expand, investors should be looking forward to further impressive results in the near future.
Share Price
On Tuesday, CarGurus closed out a successful fourth quarter with non-GAAP earnings per share of $0.22, beating expectations by $0.11. The CARGURUS stock opened the day at $17.1 and closed the day at $17.0, indicating that the strong earnings report was well received by investors. The better-than-expected results demonstrate that the company is continuing to make progress in its mission to become a leader in automotive search and commerce. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cargurus. More…
| Total Revenues | Net Income | Net Margin |
| 1.71k | -45.23 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cargurus. More…
| Operations | Investing | Financing |
| 124.03 | 72.76 | -14.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cargurus. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 982.86 | 232.31 | 4.86 |
Key Ratios Snapshot
Some of the financial key ratios for Cargurus are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 45.3% | 64.5% | 7.2% |
| FCF Margin | ROE | ROA |
| 6.3% | 14.8% | 7.8% |
Analysis – Cargurus Intrinsic Stock Value
We at GoodWhale recently conducted an analysis of CARGURUS‘s wellbeing. Our proprietary Valuation Line calculated the intrinsic value of CARGURUS share to be around $52.6. This could present a major opportunity for those looking to invest in CARGURUS, as they might be able to purchase stock at a discounted price. However, it is important to note that this undervaluation may not last long and potential investors should conduct their own analysis and make their own decisions before investing. More…
Peers
In the online automotive marketplace, CarGurus Inc competes with Liberty TripAdvisor Holdings Inc, Points.com Inc, and Camplify Holdings Ltd. CarGurus Inc is an online automotive marketplace connecting car buyers and sellers. Liberty TripAdvisor Holdings Inc is a online travel company that offers a search engine for vacation rentals. Points.com Inc is a provider of loyalty programs. Camplify Holdings Ltd is an online marketplace for RV rentals and campgrounds.
– Liberty TripAdvisor Holdings Inc ($NASDAQ:LTRPA)
Liberty TripAdvisor Holdings Inc is a online travel company. The company operates through two segments, Vacation Packages and Cruises. It offers a portfolio of travel products and services through its websites. The company was founded in 2008 and is headquartered in Denver, Colorado.
Summary
Investors have good reason to be optimistic about CarGurus‘ performance moving forward, as the company reported strong fourth-quarter non-GAAP earnings of $0.22, beating analyst expectations of $0.11 per share. This financial success is attributed to an increase in the number of users and a higher monetization rate, which is a testament to the company’s strength and resilience. CarGurus has been actively investing in their infrastructure, product development and sales and marketing campaigns, which is driving engagement and helping them grow their market share.
The company also plans to further expand their international presence and launch new products to further drive growth. The strong earnings suggest that CarGurus is well-positioned for further success in the future.
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