CarGurus (CARG)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	20,972	-42,814	-43,023	42,111	32,676	75,374	71,896	73,544	81,588	86,427	96,802	106,793	106,434	101,965	105,329	84,408	77,553	65,561	43,382	42,258
Revenue (ttm)	US$ in thousands	894,384	888,969	877,030	898,075	914,242	977,863	1,184,898	1,456,390	1,655,035	1,707,633	1,504,094	1,210,613	951,373	763,584	688,141	565,130	551,451	558,051	561,041	611,335
Net profit margin		2.34%	-4.82%	-4.91%	4.69%	3.57%	7.71%	6.07%	5.05%	4.93%	5.06%	6.44%	8.82%	11.19%	13.35%	15.31%	14.94%	14.06%	11.75%	7.73%	6.91%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $20,972K ÷ $894,384K
= 2.34%

CarGurus' net profit margin has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The net profit margin started at 6.91% in March 2020 and showed a generally increasing trend, reaching a peak of 15.31% by June 30, 2021. However, after this peak, there was a decline in the net profit margin, falling to 4.93% by December 31, 2022.

In the subsequent quarters, the net profit margin fluctuated within a range of 3.57% to 7.71% until the end of 2023, showing volatility in the company's profitability. Notably, there was a significant decrease in the net profit margin to -4.91% by June 30, 2024, indicating a negative profitability for that quarter, possibly due to increased expenses or a decrease in revenue.

However, the company rebounded in the following quarter with a net profit margin of 2.34% by December 31, 2024. Overall, CarGurus' net profit margin demonstrates variability in profitability performance over the analyzed period, possibly reflecting fluctuations in revenues, costs, and business conditions impacting the company's bottom line.