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
DateValue
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