Cargurus Intrinsic Stock Value – CARGURUS Reports Record Earnings for Third Quarter of FY 2023

November 20, 2023

🌥️Earnings Overview

Cargurus ($NASDAQ:CARG) reported their financial results for the third quarter of 2023 which closed on September 30th. Total revenue was USD 219.4 million, a 48.5% decrease compared to the same quarter in the previous year. Net income was USD 22.3 million, a 79.2% decrease year-on-year.

Share Price

On Tuesday, CARGURUS reported record earnings for the third quarter of FY 2023. This was a major increase from the previous year, with stock prices opening at $18.6 and closing at $18.4, down by 0.8% from the previous closing price of 18.5. Despite this slight decrease in stock price, the report still highlighted a strong profit growth for the company. The increase in net income was attributed to a strong growth in the company’s core automotive business.

In particular, sales of used cars and light trucks saw a significant increase, which was driven by strong demand from customers. This performance reflects the success of the company’s strategic initiatives and underscores its capacity for continued growth and profitability in the future. Live Quote…

About the Company

  • CARGURUS_Reports_Record_Earnings_for_Third_Quarter_of_FY_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Cargurus. CARGURUS_Reports_Record_Earnings_for_Third_Quarter_of_FY_2023″>More…

    Total Revenues Net Income Net Margin
    977.86 214.09 10.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Cargurus. CARGURUS_Reports_Record_Earnings_for_Third_Quarter_of_FY_2023″>More…

    Operations Investing Financing
    217.33 -119.84 -158.62
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Cargurus. CARGURUS_Reports_Record_Earnings_for_Third_Quarter_of_FY_2023″>More…

    Total Assets Total Liabilities Book Value Per Share
    1.05k 305.19 6.35
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Cargurus are shown below. CARGURUS_Reports_Record_Earnings_for_Third_Quarter_of_FY_2023″>More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    20.6% 2.7% 8.6%
    FCF Margin ROE ROA
    19.6% 7.5% 5.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Cargurus Intrinsic Stock Value

    GoodWhale has conducted an analysis of CARGURUS‘s wellbeing. According to our proprietary Valuation Line, the fair value of a CARGURUS share is around $26.1. However, currently the stock is being traded at $18.4, leading to a significant undervaluation of 29.5%. This suggests that it may be an opportune time for investors to buy CARGURUS shares. More…

  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    In the online automotive marketplace, CarGurus Inc competes with Liberty TripAdvisor Holdings Inc, 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. 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.


    CARGURUS recently reported their third quarter earnings for fiscal year 2023. Total revenue was USD 219.4 million, representing a 48.5% decrease year-over-year. Net income also decreased 79.2% compared to the same period last year, for a total of USD 22.3 million.

    Investors should pay attention to the declining financial figures as it may be an indication of the company’s current financial state and future prospects. Therefore, further analysis is necessary in order to make an informed decision when considering investing in CARGURUS shares.

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