CarGurus (CARG) Minority Interest (2021 - 2023)
CarGurus (CARG) recorded quarterly Minority Interest of $26.5 million in Q3 2023, down 11.15% quarter-over-quarter from $29.9 million in Q2 2023, and down 84.63% on a YoY basis from $172.6 million in Q3 2022.
CarGurus (CARG) Minority Interest (2021 - 2023) Analysis & Trends
CarGurus' Minority Interest history runs 3 years deep, the most recent figure standing at $26.5 million for Q3 2023.
- In Q3 2023, Minority Interest fell 84.63% year-over-year to $26.5 million; the TTM figure through Sep 2023 stood at $26.5 million (down 84.63% YoY), while the FY2022 annual figure was $36.7 million, down 77.43% from the prior year.
- Minority Interest was $26.5 million for Q3 2023 at CarGurus, down from $29.9 million in the prior quarter.
- In the past five years, Minority Interest ranged from a high of $264.5 million in Q2 2022 to a low of $26.5 million in Q3 2023.
- Historically, Minority Interest has averaged $102.7 million across 3 years, with a median of $54.6 million in 2021.
- The sharpest annual moves came in 2022 and 2023: Minority Interest jumped 384.75% in 2022, then sank 88.71% in 2023.
- A 3-year view of Minority Interest shows it stood at $162.8 million in 2021, then slumped by 77.43% to $36.7 million in 2022, then retreated by 27.79% to $26.5 million in 2023.
- The last three Minority Interest figures came in at $26.5 million (Q3 2023), $29.9 million (Q2 2023), and $32.5 million (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 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 |
| 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 |
|---|---|
| Sep 30, 2023 | 26.54 Mn |
| Jun 30, 2023 | 29.87 Mn |
| Mar 31, 2023 | 32.48 Mn |
| Dec 31, 2022 | 36.75 Mn |
| Sep 30, 2022 | 172.61 Mn |
| Jun 30, 2022 | 264.51 Mn |
| Mar 31, 2022 | 239.75 Mn |
| Dec 31, 2021 | 162.81 Mn |
| Sep 30, 2021 | 54.63 Mn |
| Jun 30, 2021 | 54.57 Mn |
| Mar 31, 2021 | 55.22 Mn |