The Returns At CarGurus (NASDAQ:CARG) Aren't Growing [Yahoo! Finance]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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US:NASDAQ Investor Relations:
investors.cargurus.com/investor-relations
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Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think CarGurus NASDAQ:CARG ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for CarGurus, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.09 = US$85m ÷ (US$1.0b - US$109m) (Based on the trailing twelve months to September 2023) So, CarGurus has an ROCE of 9.0%. On its own, that's a low fi
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News
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- Global $2 Trillion Used Car Market Outlook, 2023-2024 & 2029: Rise of Online Platforms, Emphasis on Sustainability, Competitive Landscape [Yahoo! Finance]Yahoo! Finance
- 1 Unstoppable Stock That's Skyrocketed Nearly 1,400% Since the Start of 2023: Don't Buy and Hold Until You Know These 3 Risks [Yahoo! Finance]Yahoo! Finance
- CarGurus To Report First Quarter 2024 Financial ResultsGlobeNewswire
CARG
Earnings
- 2/26/24 - Beat
CARG
Sec Filings
- 5/2/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- CARG's page on the SEC website