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Benzinga

Business

Benzinga Insights

CarGurus's Return On Capital Employed Overview

CarGurus CARG Nasdaq

According to Benzinga Pro data CarGurus (NASDAQ:CARG) posted a 44.85% decrease in earnings from Q4. Sales, however, increased by 26.89% over the previous quarter to $430.61 million. Despite the increase in sales this quarter, the decrease in earnings may suggest CarGurus is not utilizing their capital as effectively as possible. In Q4, CarGurus earned $34.16 million and total sales reached $339.34 million.

Why Is ROCE Significant?

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