u/RaduCampean · 14h agono track record yet
CarGurus (CARG): debt-free, 26% operating margin, but the 9.9% FCF yield is ~6.6% once you normalize tax and SBC
CarGurus is a high-margin, debt-free dealer subscription business with strong buyback-driven returns, but growth is slowing to price increases and normalized free cash flow is ~6.6% yield versus the published 9.9%. The thesis is watchlist (not yet buy) at $29.35; entry target is below $28.
At post $28.73Now $28.730.0% since postedas of Oct 6, 4:30 PM ET