Cars.com (CARS) Gross Margin (2016 - 2023)
Cars.com (CARS) posted quarterly Gross Margin of 94.62% for Q4 2023, up 301.0% year-over-year from 23.6% in Q4 2022, and up 10.68% quarter-over-quarter from 85.49% in Q3 2023.
Cars.com (CARS) Gross Margin (2016 - 2023) Analysis & Trends
Cars.com (CARS) has reported Gross Margin for 8 consecutive years, with 94.62% the latest figure, recorded in Q4 2023.
- In Q4 2023, Gross Margin rose 301.0% year-over-year to 94.62%; the TTM figure through Dec 2023 stood at 87.81% (up 4.0% YoY), while the FY2024 annual figure was 87.97%, up 16.0% from the prior year.
- Gross Margin improved to 94.62% in Q4 2023 per CARS's latest filing, from 85.49% in the prior quarter.
- Across five years, Gross Margin topped out at 94.62% in Q4 2023 and bottomed at 83.59% in Q2 2019.
- Historically, Gross Margin has averaged 88.01% across 5 years, with a median of 87.77% in 2020.
- On a YoY basis, Gross Margin climbed as much as 641 bps in 2019 and fell as far as 306 bps in 2019.
- Cars.com's Gross Margin stood at 90.32% in 2019, then fell by 3 bps to 88.04% in 2020, then slipped by 1 bps to 86.74% in 2021, then advanced by 6 bps to 91.6% in 2022, then gained by 3 bps to 94.62% in 2023.
- Business Quant data shows CARS's Gross Margin at 94.62% in Q4 2023, 85.49% in Q3 2023, and 85.16% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,226.97 Bn | 3,797.93 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,534.26 Bn | 1,444.00 Bn | 49.47 Bn | 81.37% |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 29.25% |
| 4 | Baidu | 289.47 Bn | 284.98 Bn | 1.88 Mn | 0.04% |
| 5 | Spotify Technology | 102.75 Bn | 92.51 Bn | 1.75 Bn | 32.98% |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn | 35.34% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 75.52% |
| 8 | Nebius | 49.20 Bn | 39.57 Bn | 295.20 Mn | 73.98% |
| 9 | 30.47 Bn | 27.69 Bn | 734.60 Mn | 91.27% | |
| 10 | Cars.com | 665.98 Mn | 632.70 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 94.62% |
| Sep 30, 2023 | 85.49% |
| Jun 30, 2023 | 85.16% |
| Mar 31, 2023 | 85.57% |
| Dec 31, 2022 | 91.60% |
| Sep 30, 2022 | 86.98% |
| Jun 30, 2022 | 85.81% |
| Mar 31, 2022 | 86.53% |
| Dec 31, 2021 | 86.74% |
| Sep 30, 2021 | 87.14% |
| Jun 30, 2021 | 87.50% |
| Mar 31, 2021 | 89.07% |
| Dec 31, 2020 | 88.04% |
| Sep 30, 2020 | 89.30% |
| Jun 30, 2020 | 88.21% |
| Mar 31, 2020 | 89.96% |
| Dec 31, 2019 | 90.32% |
| Sep 30, 2019 | 90.19% |
| Jun 30, 2019 | 83.59% |
| Mar 31, 2019 | 88.42% |