CarGurus (CARG)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	32,627	84,513	90,074	95,878	108,478	122,781	134,201	149,136	148,268	137,805	141,296	111,528	97,756	77,930	44,067	38,906	34,322	27,589	23,762	24,167
Revenue (ttm)	US$ in thousands	917,072	980,534	1,187,569	1,459,061	1,657,093	1,707,547	1,504,008	1,210,527	951,422	763,580	688,137	565,126	551,498	558,153	561,143	611,437	589,749	557,686	526,266	491,560
Operating profit margin		3.56%	8.62%	7.58%	6.57%	6.55%	7.19%	8.92%	12.32%	15.58%	18.05%	20.53%	19.74%	17.73%	13.96%	7.85%	6.36%	5.82%	4.95%	4.52%	4.92%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $32,627K ÷ $917,072K
= 3.56%

CarGurus Inc's operating profit margin has displayed some fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was the lowest at 3.57%, representing a decline from the previous quarter. It is notable that this margin has shown a decreasing trend over the past two quarters.

In contrast, Q3 2023 had a higher operating profit margin of 8.64%, which was the highest in the dataset. This quarter exhibited a significant improvement compared to the previous period, indicating a strong performance in generating operating profits relative to revenue.

Overall, the operating profit margin for CarGurus Inc has ranged from 3.57% to 12.32% over the analyzed period. It is essential for the company to closely monitor and manage its operational efficiency and cost structure to sustain and potentially enhance its profitability levels in the future.