CarGurus (CARG) - Net Assets
Based on the latest financial reports, CarGurus (CARG) has net assets worth $237.13 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($519.61 Million) and total liabilities ($282.49 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CarGurus liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $237.13 Million |
| % of Total Assets | 45.64% |
| Annual Growth Rate | 20.65% |
| 5-Year Change | -44.94% |
| 10-Year Change | 478.13% |
| Growth Volatility | 40.4 |
CarGurus - Net Assets Trend (2015–2025)
This chart illustrates how CarGurus's net assets have evolved over time, based on quarterly financial data. Also explore CARG total assets for the complete picture of this company's asset base.
Annual Net Assets for CarGurus (2015–2025)
The table below shows the annual net assets of CarGurus from 2015 to 2025. For live valuation and market cap data, see market value of CarGurus.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $374.20 Million | -30.92% |
| 2024-12-31 | $541.69 Million | -12.18% |
| 2023-12-31 | $616.85 Million | -20.03% |
| 2022-12-31 | $771.36 Million | +13.49% |
| 2021-12-31 | $679.65 Million | +81.93% |
| 2020-12-31 | $373.59 Million | +45.45% |
| 2019-12-31 | $256.86 Million | +32.32% |
| 2018-12-31 | $194.11 Million | +52.81% |
| 2017-12-31 | $127.03 Million | +96.25% |
| 2016-12-31 | $64.73 Million | +13.06% |
| 2015-12-31 | $57.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CarGurus's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 38099000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $362.38 Million | 96.84% |
| Common Stock | $95.00K | 0.03% |
| Other Comprehensive Income | $1.43 Million | 0.38% |
| Other Components | $10.30 Million | 2.75% |
| Total Equity | $374.20 Million | 100.00% |
CarGurus Competitors by Market Cap
The table below lists competitors of CarGurus ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Zhong Ke San Huan High-Tech Co Ltd
SHE:000970
|
$2.15 Billion |
|
Altius Minerals Corporation
TO:ALS
|
$2.15 Billion |
|
Energi Mega Persada Tbk
JK:ENRG
|
$2.15 Billion |
|
C*Core Technology Co Ltd
SHG:688262
|
$2.15 Billion |
|
Badger Infrastructure Solutions Ltd
TO:BDGI
|
$2.15 Billion |
|
CENTRAL PUERTO ADR/1 AP1
F:C3TA
|
$2.14 Billion |
|
Stora Enso Oyj A
HE:STEAV
|
$2.14 Billion |
|
Alten SA
PA:ATE
|
$2.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CarGurus's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 541,689,000 to 374,198,000, a change of -167,491,000 (-30.9%).
- Net income of 155,903,000 contributed positively to equity growth.
- Share repurchases of 351,930,000 reduced equity.
- Other comprehensive income increased equity by 3,973,000.
- Other factors increased equity by 24,563,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $155.90 Million | +41.66% |
| Share Repurchases | $351.93 Million | -94.05% |
| Other Comprehensive Income | $3.97 Million | +1.06% |
| Other Changes | $24.56 Million | +6.56% |
| Total Change | $- | -30.92% |
Book Value vs Market Value Analysis
This analysis compares CarGurus's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 23.69x to 7.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $1.19 | $28.24 | x |
| 2016-12-31 | $0.61 | $28.24 | x |
| 2017-12-31 | $1.17 | $28.24 | x |
| 2018-12-31 | $1.71 | $28.24 | x |
| 2019-12-31 | $2.26 | $28.24 | x |
| 2020-12-31 | $3.28 | $28.24 | x |
| 2021-12-31 | $4.41 | $28.24 | x |
| 2022-12-31 | $5.73 | $28.24 | x |
| 2023-12-31 | $5.40 | $28.24 | x |
| 2024-12-31 | $5.10 | $28.24 | x |
| 2025-12-31 | $3.87 | $28.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CarGurus utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 41.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.60%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 1.77x
- Recent ROE (41.66%) is above the historical average (16.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -2.86% | -1.66% | 1.27x | 1.36x | $-7.36 Million |
| 2016 | 10.04% | 3.28% | 1.97x | 1.55x | $24.40K |
| 2017 | 10.39% | 4.17% | 1.79x | 1.39x | $496.50K |
| 2018 | 33.57% | 14.35% | 1.69x | 1.38x | $45.76 Million |
| 2019 | 16.41% | 7.16% | 1.50x | 1.53x | $16.46 Million |
| 2020 | 20.76% | 14.06% | 1.10x | 1.34x | $40.19 Million |
| 2021 | 21.14% | 11.48% | 1.02x | 1.80x | $57.56 Million |
| 2022 | 26.38% | 11.71% | 1.79x | 1.26x | $120.32 Million |
| 2023 | 5.04% | 3.40% | 0.99x | 1.49x | $-30.58 Million |
| 2024 | 3.87% | 2.34% | 1.08x | 1.52x | $-33.20 Million |
| 2025 | 41.66% | 16.60% | 1.42x | 1.77x | $118.48 Million |
Industry Comparison
This section compares CarGurus's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $727,679,222
- Average return on equity (ROE) among peers: -13.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CarGurus (CARG) | $237.13 Million | -2.86% | 1.19x | $2.15 Billion |
| Asbury Automotive Group Inc (ABG) | $222.70 Million | -154.33% | 6.43x | $3.50 Billion |
| ACV Auctions Inc. (ACVA) | $556.10 Million | -14.06% | 0.77x | $1.29 Billion |
| ACV Auctions Inc. (ACVA) | $456.53 Million | -16.49% | 1.02x | $1.02 Billion |
| AutoNation Inc (AN) | $3.24 Billion | 11.79% | 2.06x | $6.36 Billion |
| Autozi Internet Technology (Global) Ltd. Class A Ordinary Shares (AZI) | $-35.18 Million | 0.00% | 0.00x | $5.66 Million |
| Boyd Group Services Inc. (BGSI) | $711.68 Million | 6.20% | 1.21x | $3.02 Billion |
| Americas Car-Mart Inc (CRMT) | $54.80 Million | 31.93% | 2.07x | $98.63 Million |
| Carvana Co (CVNA) | $1.38 Billion | 15.27% | 5.17x | $7.99 Billion |
| Camping World Holdings Inc (CWH) | $-28.21 Million | 0.00% | 0.00x | $468.01 Million |
About CarGurus
CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. The company offers dealer subscription fees, advertising from auto manufacturers and other brand advertisers, and partnerships with financing services companies. It provides an online automotive marketplace that connects large audience of car shoppers with extensive netw… Read more