COMP <GO>

KD vs CARG // EV/EBITDA & P/E VALUATION

Kyndryl Holdings Inc. (NYSE) VS. CarGurus Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: KD 2 — CARG 3

■ METRIC PARITY

LAST: $13.94 (-1.06%) • MKT CAP: $3.04B

valuation

—

LAST: $32.50 (+3.77%) • MKT CAP: $2.89B

valuation

10.8x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (KD VS. CARG) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	KD	CARG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	21.80%	92.80%	-71.00	CARG	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	85.00%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	10.8x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	9.98%	—	TIE	/fcf-yield <GO>
Operating Margin	—	27.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	17.20%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	0.20%	13.70%	-13.50	CARG	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	9.72	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	8/9	-6.00	CARG	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	56.8	55.2	+1.53	KD	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	15.6x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.04B	$2.89B	$141.5M	KD	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	KD REV	CARG REV	KD GROSS %	CARG GROSS %	KD FCF	CARG FCF
FY 2025	$15.09B	$907.0M	21.8%	92.8%	$948.0M	$288.9M
FY 2024	$15.06B	$798.0M	20.9%	91.2%	$942.0M	$180.3M
FY 2023	$16.05B	$698.4M	—	—	$454.0M	$124.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

KD // BETA —

CARG // BETA —