CarGurus (FRA:0C6) EBIT : €41.8 Mil (TTM As of Mar. 2024)

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What is CarGurus EBIT?

CarGurus's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €24.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €41.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CarGurus's annualized ROC % for the quarter that ended in Mar. 2024 was 13.02%. CarGurus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 40.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CarGurus's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.84%.

CarGurus EBIT Historical Data

The historical data trend for CarGurus's EBIT 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 EBIT Chart

CarGurus Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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30.89

80.36

131.22

102.40

29.92

CarGurus Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															13.13	16.37	21.64	-20.42	24.18

Competitive Comparison of CarGurus's EBIT

For the Auto & Truck Dealerships subindustry, CarGurus's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where CarGurus's EV-to-EBIT falls into.

CarGurus EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €41.8 Mil.

CarGurus (FRA:0C6) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CarGurus's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	96.724 * ( 1 - 28.24% )	/	( (528.732	+	537.828)	/ 2 )
=	69.4091424	/	533.28
=	13.02 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	842.656	-	60.82	-	( 286.184	-	max(0, 105.618	-	358.722	+	286.184	))
=	528.732

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	801.139	-	72.413	-	( 226.635	-	max(0, 107.013	-	297.911	+	226.635	))
=	537.828

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

CarGurus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	96.724	/	( ( (232.049 + max(-21.816, 0))	+	(240.906 + max(-26.479, 0)) )	/	2 )
=	96.724	/	( ( 232.049	+	240.906 )	/	2 )
=	96.724	/	236.4775
=	40.90 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(36.646	+	0.304	+	35.588)	-	(60.82	+	19.552	+	13.982)
=	-21.816

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.754	+	0.36	+	30.162)	-	(72.413	+	19.717	+	5.625)
=	-26.479

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

CarGurus's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	41.776	/	2275.418
	=	1.84 %

CarGurus EBIT Related Terms

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CarGurus (FRA:0C6) Business Description

Industry

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

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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