CarGurus, Inc.

CarGurus, Inc.verified

CARG

Price:

$28.885

Market Cap:

$2.99B

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headqu...[Read more]

Industry

Internet Content & Information

IPO Date

2017-10-12

Stock Exchange

NASDAQ

Ticker

CARG

The Current Ratio as of September 2024 (TTM) for CarGurus, Inc. (CARG) is 2.47

According to CarGurus, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.47. This represents a change of -26.73% compared to the average of 3.37 of the last 4 quarters.

CarGurus, Inc. (CARG) Historical Current Ratio (quarterly & annually)

How has CARG Current Ratio performed in the past?

The mean historical Current Ratio of CarGurus, Inc. over the last ten years is 3.80. The current 2.47 Current Ratio has changed 6.40% with respect to the historical average. Over the past ten years (40 quarters), CARG's Current Ratio was at its highest in in the December 2022 quarter at 5.65. The Current Ratio was at its lowest in in the March 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

3.80

Median

3.40

Minimum

2.94

Maximum

5.65

CarGurus, Inc. (CARG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of CarGurus, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 71.14%

Maximum Annual Current Ratio = 5.65

Minimum Annual Increase = -39.84%

Minimum Annual Current Ratio = 2.94

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.40-39.84%
20225.6571.14%
20213.30-33.89%
20204.9968.08%
20192.97-3.26%
20183.07-16.13%
20173.6624.30%
20162.94-30.22%

CarGurus, Inc. (CARG) Average Current Ratio

How has CARG Current Ratio performed in the past?

The current Current Ratio of CarGurus, Inc. (CARG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

4.11

5-year avg

4.06

10-year avg

3.80

CarGurus, Inc. (CARG) Current Ratio vs. Peers

How is CARG’s Current Ratio compared to its peers?

CarGurus, Inc.’s Current Ratio is greater than KAR Auction Services, Inc. (1.08), greater than Kingsway Financial Services Inc. (0.46), greater than Driven Brands Holdings Inc. (2.11), greater than Group 1 Automotive, Inc. (1.02), greater than Sonic Automotive, Inc. (1.10), greater than Lithia Motors, Inc. (1.19), greater than AutoNation, Inc. (0.78), greater than Asbury Automotive Group, Inc. (1.25), greater than Penske Automotive Group, Inc. (0.98), greater than Cars.com Inc. (1.53), greater than Rush Enterprises, Inc. (1.40),

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