Cargurus (CARG) Financials

Cargurus Inc (CARG) is a leading online automotive marketplace that connects buyers and sellers of new and used cars. The company offers an extensive inventory of vehicles from dealerships across the United States, as well as tools and services to help consumers make informed decisions. Cargurus generates revenue primarily through subscription fees paid by dealerships to list their inventory on the platform. In addition, the company also generates revenue from advertising and other services. Cargurus has experienced strong financial performance in recent years, with total revenue increasing from $259 million in 2016 to $588 million in 2019. Gross profit has also seen steady growth, reaching $511 million in 2019. Net income from stockholders has been positive, increasing from $15 million in 2016 to $48 million in 2019.

On the balance sheet, Cargurus has a strong financial position, with total assets of $1.5 billion in 2019. The company has minimal debt, with net debt of only $16 million. Stockholders' equity is substantial, amounting to $830 million in 2019. Cash equivalents are also significant, totaling $450 million in 2019. Cargurus has positive cash flow, with operating cash flow of $108 million in 2019. The company has been able to invest in its business and generate free cash flow of $72 million in 2019. Financing cash flow has been positive, indicating that the company has been able to raise capital effectively. Investing cash flow has been negative, as the company has been allocating resources towards growth and expansion. Overall, Cargurus Inc (CARG) has a solid financial position and has been able to generate strong revenue and profitability in the online automotive marketplace.