CarGurus (CARG) Current Taxes (2017 - 2024)
CarGurus (CARG) recorded quarterly Current Taxes of $8.9 million in Q1 2024, up 716.62% quarter-over-quarter from $1.1 million in Q4 2023, and down 45.73% on a YoY basis from $16.5 million in Q2 2023.
CarGurus (CARG) Current Taxes (2017 - 2024) Analysis & Trends
CarGurus' Current Taxes history runs 6 years deep, the most recent figure standing at $8.9 million for Q1 2024.
- In Q1 2024, Current Taxes fell 45.73% year-over-year to $8.9 million; the TTM figure through Mar 2024 stood at $8.9 million (down 45.73% YoY), while the FY2023 annual figure was $1.1 million, down 46.92% from the prior year.
- Current Taxes was $8.9 million for Q1 2024 at CarGurus, up from $1.1 million in the prior quarter.
- In the past five years, Current Taxes ranged from a high of $25.9 million in Q1 2022 to a low of $233000.0 in Q4 2020.
- Historically, Current Taxes has averaged $8.3 million across 5 years, with a median of $6.6 million in 2023.
- The sharpest annual moves came in 2021 and 2022: Current Taxes soared 2622.75% in 2021, then slumped 67.48% in 2022.
- A 5-year view of Current Taxes shows it stood at $233000.0 in 2020, then jumped by 2622.75% to $6.3 million in 2021, then plunged by 67.48% to $2.1 million in 2022, then slumped by 46.92% to $1.1 million in 2023, then jumped by 716.62% to $8.9 million in 2024.
- The last three Current Taxes figures came in at $8.9 million (Q1 2024), $1.1 million (Q4 2023), and $6.6 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | 10.62 Mn |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | - |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 2.02 Mn |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | - |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | - |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | - |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | - |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 17.60 Mn |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | - |
| 10 | CarGurus | 2.58 Bn | 2.51 Bn | 224.62 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 8.94 Mn |
| Dec 31, 2023 | 1.10 Mn |
| Sep 30, 2023 | 6.62 Mn |
| Mar 31, 2023 | 16.48 Mn |
| Dec 31, 2022 | 2.06 Mn |
| Sep 30, 2022 | 9.43 Mn |
| Mar 31, 2022 | 25.89 Mn |
| Dec 31, 2021 | 6.34 Mn |
| Jun 30, 2021 | 7.83 Mn |
| Mar 31, 2021 | 6.25 Mn |
| Dec 31, 2020 | 233,000.00 |
| Sep 30, 2017 | 156,000.00 |