CarGurus (FRA:0C6) Debt-to-EBITDA

: -5.11 (As of Dec. 2023)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

CarGurus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €11.3 Mil. CarGurus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €167.0 Mil. CarGurus's annualized EBITDA for the quarter that ended in Dec. 2023 was €-34.9 Mil. CarGurus's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -5.11.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for CarGurus's Debt-to-EBITDA or its related term are showing as below:

FRA:0C6' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.38 Med: 0.65 Max: 2.4
Current: 2.4

During the past 9 years, the highest Debt-to-EBITDA Ratio of CarGurus was 2.40. The lowest was 0.38. And the median was 0.65.

FRA:0C6's Debt-to-EBITDA is ranked worse than
50.63% of 1037 companies
in the Vehicles & Parts industry
Industry Median: 2.36 vs FRA:0C6: 2.40

CarGurus Debt-to-EBITDA Historical Data

The historical data trend for CarGurus's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CarGurus Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.65

0.65

0.38

0.43

2.40

CarGurus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA																0.40	2.05	1.76	1.44	-5.11

Competitive Comparison

For the Auto & Truck Dealerships subindustry, CarGurus's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CarGurus Debt-to-EBITDA Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, CarGurus's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CarGurus's Debt-to-EBITDA falls into.

CarGurus Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

CarGurus's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(11.264	+	166.991)	/	74.37
	=	2.40

CarGurus's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(11.264	+	166.991)	/	-34.86
	=	-5.11

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

CarGurus (FRA:0C6) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

CarGurus Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of CarGurus's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

CarGurus (FRA:0C6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarGurus Inc (FRA:0C6) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CARG:USA

Address

2 Canal Park, 4th Floor, Cambridge, MA, USA, 02141

Website

https://www.cargurus.com

CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listing through which it offers real-time and historical data analyzing the connections and pricing analysis. It also provides all dealers with a web widget to place Deal Rating Badges, which show deal rating. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two geographical segments namely United States and the International. It generates majority of revenue from the United States.

CarGurus (FRA:0C6) Headlines

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