What is the debt of CarGurus this year?
CarGurus has a debt level of -291.36 USD this year.
CarGurus Debt 2024
CarGurus Debt
-291.36 USD
Ticker
CARG
ISIN
US1417881091
WKN
A2DX5H
In 2024, CarGurus's total debt was -291.36 USD, a -37.94% change from the -469.5 USD total debt recorded in the previous year.
CarGurus Aktienanalyse
What does CarGurus do?
CarGurus Inc is an online automotive search engine that is known worldwide. The company was founded in 2006 by founder Langley Steinert and is headquartered in Cambridge, Massachusetts, USA. CarGurus Inc operates in North America, Europe, and Asia, serving customers in over 30 different countries. The history of CarGurus Inc began when Steinert was searching for a used car and had difficulty finding a reliable and transparent source of information on used vehicles. He found that many of the existing online car search engines provided unreliable or inaccurate information and often did not represent the best deals for buyers. So he decided to found CarGurus Inc and create a platform that provides transparent and reliable car search results. The business model of CarGurus Inc is based on providing information and tools that help buyers find the best price for a vehicle. The platform utilizes complex data analysis and algorithms to find the best deals on used vehicles. CarGurus Inc is free for buyers and does not directly sell cars, but earns money through advertising from car dealers and auto providers. CarGurus Inc operates two different divisions: car buyers and car dealers. For car buyers, the platform is a powerful search engine that brings together over 5 million used cars from dealers and individuals in an online database that is constantly updated. As the platform is operated by independent third parties, it provides buyers with independent reviews of dealers and all available options for buying cars. For car dealers, CarGurus Inc offers extensive tools and services to help make their listings more visible on the platform and achieve the highest benefit for them. Services for car dealers include advanced listing options, online leads, and analytical tools to track competitors. CarGurus Inc works with a variety of partners to create a more comprehensive experience for users. For example, CarGurus Inc is a partner of Accelerated Payment Technologies, a payment processor, and EFG Companies, a provider of insurance products. It also offers a mobile app for both OS, Android, and iOS operating systems, which provides a user-friendly interface for quickly and easily finding cars. Overall, CarGurus Inc has received over a billion dollars in funding from various investors, including Fidelity Ventures and TPG Capital. With these funds, the company will continue to develop its products and services and expand its reach in all areas. In summary, CarGurus Inc is one of the most well-known and fastest-growing companies in the online car search engine industry. The platform provides buyers with unique tools and features to get the best deal on a car and provides car dealers with an effective marketing tool for their listings on the platform. With its global presence and partnerships with various companies, CarGurus Inc will remain an important player in the industry in the future. CarGurus ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding CarGurus's Debt Structure
CarGurus's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing CarGurus's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to CarGurus’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in CarGurus’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about CarGurus stock
What was the debt of CarGurus compared to the previous year?
The debt of CarGurus has increased by -37.94% compared to the previous year dropped.
What are the consequences of high debt for investors in CarGurus?
High debt can pose a risk for investors of CarGurus, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of CarGurus?
Low debt means that CarGurus has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from CarGurus affect the company?
An increase in debt of CarGurus can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of CarGurus affect the company?
A reduction in debt of CarGurus can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of CarGurus?
Some factors that can influence the debt of CarGurus include investments, acquisitions, operating costs, and revenue development.
Why are the debts of CarGurus so important for investors?
The debts of CarGurus are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can CarGurus take to change the debt?
To change the debt, CarGurus can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does CarGurus pay?
Over the past 12 months, CarGurus paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, CarGurus is expected to pay a dividend of 0 USD.
What is the dividend yield of CarGurus?
The current dividend yield of CarGurus is .
When does CarGurus pay dividends?
CarGurus pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of CarGurus?
CarGurus paid dividends every year for the past 0 years.
What is the dividend of CarGurus?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is CarGurus located?
CarGurus is assigned to the 'Communication' sector.
Wann musste ich die Aktien von CarGurus kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of CarGurus from 11/5/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 11/5/2024.
When did CarGurus pay the last dividend?
The last dividend was paid out on 11/5/2024.
What was the dividend of CarGurus in the year 2023?
In the year 2023, CarGurus distributed 0 USD as dividends.
In which currency does CarGurus pay out the dividend?
The dividends of CarGurus are distributed in USD.
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Andere Kennzahlen von CarGurus
Our stock analysis for CarGurus Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CarGurus Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
