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CarGurus, Inc. (CARG)

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CarGurus, Inc. (CARG) reported revenue of $251 million for Q2 FY2026, the quarter ended 30 June 2026, up 13.1% on the same quarter a year earlier. Net income was $49 million, up 120.2% on the year, and diluted earnings per share $0.54. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$251 millionup 13.1%
Net income$49 millionup 120.2%
Diluted EPS$0.54
QuarterQ2 FY2026ended 30 June 2026

CarGurus (CARG) in brief

CarGurus (CARG) reported revenue of $907 million for fiscal 2025, the year ended 31 December 2025, up 13.7% on the year before.
Read moreNet income was $156 million and diluted earnings per share $1.55. Revenue was $798 million in fiscal 2024, $698 million in fiscal 2023, $1.7 billion in fiscal 2022 and $951 million in fiscal 2021. Net income in the same years was $21 million, $37 million, $84 million and $109 million. Over the twelve months to 30 June 2026, CarGurus reported revenue of $967 million and net income of $176 million. Revenue grew 10.5% a year, compounded, over the five years to fiscal 2025. At 30 June 2026 it carried $0 million of debt and $122 million of cash. At the close of 9 October 2026 the market cap of CarGurus was $2.6 billion, 15.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE66.6%
ROCEn/a
Operating marginn/a
Net margin18.2%
FCF margin32.6%
Interest covern/a
Debt to equity0.00
Cash conversion1.81
Share count, 1 yearn/a
Sales CAGR, 3 years-18.2%
Profit CAGR, 3 years22.7%
EPS, TTM$1.84

At the close of 9 October 2026

Price$28.87
Market cap$2.6 billion
Stock P/E15.69
Price to book9.95
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales2.72
52-week high$39.03
52-week low$26.96
Price, 1 year-15.1%
Price CAGR, 3 years17.6%
Price CAGR, 5 years-3.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as CarGurus, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CARGgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CARG

Filings13 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 officer or director change; 1 regulation FD disclosure; 1 material agreement; 1 shareholder vote
Planned insider sales36 Form 144 notices in twelve months, $8.1 million; latest 2 October 2026
Options tapeput/call 27.31 by open interest at the 9 October 2026 close; the straddle prices a 5.5% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading38 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.7 million shares short, 5.45 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 †Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026
Revenue219223187196205210212222232241244251
Cost of revenue55.155.115.815.325.114.214.315.716.918.518.919.9
Gross profit164168172181179196198206215223225231
Gross margin75%75%92%92%88%93%93%93%93%92%92%92%
R&D35.436.735.536.636.435.935.033.736.3n/a37.738.1
Operating income23.1-22.326.3-93.627.453.350.760.554.7n/a40.163.0
Operating margin11%-10%14%-48%13%25%24%27%24%n/a16%25%
Pre-tax income27.3-16.429.7-90.430.155.353.563.156.6n/a41.163.5
Tax rate30%n/a28%n/a25%17%21%22%21%n/a22%23%
Net income22.3-17.921.3-68.722.545.939.022.344.749.832.249.2
Net margin10%-8%11%-35%11%22%18%10%19%21%13%20%
Diluted EPS$0.17-$0.20$0.20-$0.66$0.21$0.43$0.37$0.22$0.45$0.51$0.34$0.54
Operating cash flow26.42.552.071.656.275.767.973.171.283.169.894.6
Capital expenditure4.815.528.726.010.310.22.21.61.41.20.40.6
Free cash flow21.6-13.023.345.645.965.565.671.569.881.969.594.0
Buybacks16.010177.465.03.70.01831.811057.017427.7
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 11 fiscal years and the trailing twelve months

FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue98.61983174545895519511,655698798907967
Cost of revenuen/an/a17.624.836.342.729499761.870.365.574.3
Gross profit94.4189299429553509657658637728842893
Gross margin95.7%95.2%94.4%94.5%93.8%92.3%69.1%39.7%91.2%91.2%92.8%92.3%
Research and development8.211.522.547.969.585.7106124137139138n/a
Operating income-2.58.615.323.234.397.8148108120157244n/a
Operating margin-2.6%4.3%4.8%5.1%5.8%17.7%15.6%6.6%17.2%19.7%27.0%n/a
Interest expense0.00.00.0n/an/an/an/an/an/an/an/an/a
Pre-tax income-2.58.915.825.538.799.1149111139168253n/a
Income tax-0.92.42.6-39.7-3.421.639.032.446.739.656.1n/a
Effective tax raten/a27.4%16.7%-155.7%-8.9%21.8%26.1%29.1%33.6%23.5%22.2%n/a
Net income-1.66.513.265.242.177.610984.436.921.0156176
Net margin-1.7%3.3%4.2%14.4%7.2%14.1%11.5%5.1%5.3%2.6%17.2%18.2%
Diluted EPS-$0.41-$0.58$0.12$0.57$0.37$0.68$0.00$0.62$0.19$0.20$1.55$1.84
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States64773582791.2%
International51.062.979.78.8%
United StatesInternational
698FY2023798FY2024907FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow12.920.025.751.770.115798.3256125255295319
Capital expenditure6.45.85.26.011.23.07.75.924.675.26.43.5
Free cash flow6.614.220.545.858.915490.6250100.0180289315
Free cash flow margin6.7%7.1%6.5%10.1%10.0%27.9%9.5%15.1%14.3%22.6%31.9%32.6%
Cash from investingn/a-52.0-12.6-80.3-22.3-16.9-68.172.7-61.6-73.0-29.3-27.4
Cash from financingn/a0.744.8-23.4-14.7-10.117.8-92.6-254-169-384-402
Depreciation and amortisation1.12.13.85.07.810.240.545.348.525.428.323.3
Share-based compensation1.00.35.020.834.345.153.554.863.762.350.451.1
Buybacksn/an/an/an/an/an/an/a14.4209146352369
Diluted shares, weighted43m44m61m113m113m114m117m128m114m106m100m91m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity-16.1-68.0127194257374517735617542374264
Redeemable equityn/a133n/an/a0.00.016336.70.0n/an/an/a
Debtn/an/an/an/an/an/a0.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/a9.460.858.857.551.7182184181175
Other liabilitiesn/a35.649.664.876.069.919410412099.1106115
Total liabilities and equityn/a100177268394502932927919825662555
Owned
Fixed assetsn/a12.816.624.327.927.532.240.183.4124133130
Goodwilln/an/an/an/a15.229.115815715826.628.427.9
Intangible assetsn/an/an/an/a3.910.983.953.123.14.03.32.7
Investmentsn/a44.850.0n/an/an/an/an/a20.70.0n/an/a
Securities held for sale or to maturityn/an/an/a123112n/an/an/an/an/an/an/a
Cash and equivalents62.929.587.734.959.9190232470291304191122
Receivablesn/a6.712.613.622.118.218946.840.038.341.943.7
Inventoryn/an/an/an/an/an/a19.75.30.30.3n/an/a
Other assetsn/a6.69.772.7153226216155302327265229
Total assetsn/a100177268394502932927919825662555
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded24.8%10.5%-18.2%13.9%
Profit growth, compoundedn/a15.0%22.7%35.6%
Return on equity, average18.4%16.8%17.2%41.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was CarGurus' revenue in fiscal 2025?

CarGurus (CARG) reported revenue of $907 million for fiscal 2025, the year ended 31 December 2025, up 13.7% on the year before.

How much did CarGurus earn in fiscal 2025?

Net income was $156 million for fiscal 2025, and diluted earnings per share $1.55.

What is CarGurus' P/E ratio?

At the close of 9 October 2026, CarGurus traded at 15.7 times its earnings over the twelve months to 30 June 2026.

What is CarGurus' market cap?

The market cap of CarGurus was $2.6 billion at the close of 9 October 2026.

How much debt does CarGurus have?

At 30 June 2026 CarGurus carried $0 million of debt and $122 million of cash.

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Costar Group, Inc. CSGP$12.0 billion148.380.9%2.2%22.0%0.13n/a
Manhattan Associates Inc. MANH$12.0 billion58.76133.5%24.3%6.5%0.00n/a
Hubspot Inc. HUBS$11.3 billion80.678.9%3.8%21.1%0.00n/a
Bentley Systems Inc. BSY$11.2 billion38.4224.1%23.6%12.8%1.010.8%
Maplebear Inc. CART$11.1 billion25.9520.7%14.8%12.6%0.00n/a
Paycom Software, Inc. PAYC$10.3 billion24.6985.3%30.3%9.2%1.570.2%
Factset Research Systems Inc. FDS$10.3 billion18.9127.8%29.6%6.6%0.681.6%
Match Group, Inc. MTCH$9.4 billion14.52n/a28.2%1.7%n/a1.8%
Booz Allen Hamilton Holding Corp. BAH$8.9 billion11.6164.7%9.5%-7.3%3.273.0%
Tetra Tech Inc. TTEK$8.5 billion20.0923.5%12.1%-7.6%0.430.8%
Paylocity Holding Corp. PCTY$8.2 billion31.1122.1%21.8%11.0%0.07n/a
Dropbox, Inc. DBX$7.8 billion19.08n/a26.6%-0.0%n/an/a
Healthequity, Inc. HQY$7.7 billion33.4411.9%25.8%7.3%0.47n/a
Aecom ACM$7.6 billion27.1913.1%4.1%-4.2%1.212.0%
Duolingo, Inc. DUOL$7.5 billion17.6429.1%13.7%29.4%0.00n/a
Appfolio Inc. APPF$7.2 billion46.1829.9%17.5%20.7%0.00n/a
Etsy Inc. ETSY$7.1 billion42.85n/a16.0%0.7%n/an/a
UiPath, Inc. PATH$7.1 billion20.1218.6%8.9%15.0%0.00n/a
Qualys, Inc. QLYS$7.0 billion35.0236.7%34.4%10.4%0.00n/a
RingCentral, Inc. RNG$6.9 billion63.43n/a6.7%5.2%n/an/a
Commvault Systems Inc. CVLT$6.5 billion100.15131.2%6.1%15.5%16.94n/a
Bilibili Inc. BILI *$6.4 billion37.927.7%3.7%13.1%0.62n/a
Lyft, Inc. LYFT$6.1 billion2.3694.8%-1.8%10.8%0.35n/a
WEX Inc. WEX$5.9 billion17.1826.1%25.5%7.5%2.62n/a
Pegasystems Inc. PEGA$5.9 billion20.1557.8%9.9%3.6%0.000.3%
Epam Systems, Inc. EPAM$5.8 billion15.3411.4%10.0%10.8%0.01n/a
Genpact Ltd. G$5.8 billion10.2122.4%14.8%6.5%0.452.1%
ExlService Holdings, Inc. EXLS$5.6 billion23.1428.9%14.9%13.6%0.44n/a
Frontdoor, Inc. FTDR$5.5 billion21.2196.1%n/a9.2%4.08n/a
Doximity, Inc. DOCS$5.5 billion35.8718.2%29.6%11.2%0.00n/a
ACI Worldwide, Inc. ACIW$5.2 billion23.3515.1%18.6%7.0%0.550.0%
Remitly Global, Inc. RELY$5.1 billion17.3527.1%9.5%23.8%0.00n/a
BOX Inc. BOX$5.0 billion52.75n/a9.4%9.6%n/an/a
VSE Corp. VSEC$4.9 billionn/an/an/an/a0.320.2%
Amentum Holdings, Inc. AMTM$4.7 billion23.244.3%4.2%11.4%0.81n/a
Clear Secure, Inc. YOU$4.5 billion29.5271.7%25.1%19.8%0.00n/a
Sezzle Inc. SEZL$4.3 billion27.9669.3%40.4%43.1%0.52n/a
Wix.com Ltd. WIX *$4.2 billion87.09n/a0.1%13.2%n/an/a
Bill Holdings, Inc. BILL$4.1 billionn/a-0.3%-4.4%13.0%0.52n/a
FTI Consulting, Inc. FCN$3.8 billion16.4619.0%9.7%7.1%0.76n/a
monday.com Ltd. MNDY *$3.8 billionn/a9.5%-0.1%26.7%0.00n/a
Q2 Holdings, Inc. QTWO$3.7 billion41.8414.3%10.0%13.9%0.00n/a
Korn Ferry KFY$3.6 billion13.5214.0%12.9%6.9%0.202.8%
Life360, Inc. LIF$3.5 billion25.2324.0%1.1%34.0%0.51n/a
Robert Half Inc. RHI$3.5 billion29.509.5%n/a-4.9%0.007.0%
Exponent Inc. EXPO$3.3 billion31.3038.7%20.2%12.8%0.001.7%
First Advantage Corp. FA$3.3 billion136.001.9%10.7%32.9%1.577.9%
Maximus, Inc. MMS$3.1 billion8.7721.3%11.0%-3.3%0.942.0%
People Inc. PPLI$3.1 billionn/an/an/an/a0.27n/a
WillScot Holdings Corp. WSC$3.1 billionn/a-7.6%6.5%-2.5%3.800.0%
SPS Commerce Inc. SPSC$3.1 billion40.848.3%12.8%9.8%0.00n/a
ABM Industries Inc. ABM$2.9 billion17.919.3%3.5%6.0%0.972.1%
Teradata Corp. TDC$2.8 billion6.4477.2%7.5%1.0%0.00n/a
Alarm.com Holdings, Inc. ALRM$2.7 billion24.6413.6%12.8%8.7%0.570.0%
Five9, Inc. FIVN$2.7 billion52.757.6%4.7%8.9%0.94n/a
CarGurus, Inc. CARG$2.6 billion15.6966.6%n/a13.9%0.00n/a
ManpowerGroup Inc. MAN$2.5 billion24.004.9%1.5%6.7%0.272.7%
Payoneer Global Inc. PAYO$2.4 billion51.007.7%10.4%6.3%0.00n/a
LiveRamp Holdings, Inc. RAMP$2.3 billion15.3915.9%11.6%8.9%0.00n/a
PDF Solutions Inc. PDFS$2.3 billion217.602.8%8.2%23.0%0.18n/a
V2X, Inc. VVX$2.2 billion24.538.1%4.2%13.0%0.92n/a
Astrana Health, Inc. ASTH$2.1 billion45.834.9%2.6%58.9%1.06n/a
Neogenomics Inc. NEO$2.1 billionn/a-6.6%-8.9%11.2%0.48n/a
DoubleVerify Holdings, Inc. DV$2.1 billion37.475.4%12.7%7.6%0.00n/a
Blackbaud Inc. BLKB$2.1 billionn/an/a19.8%0.6%16.820.3%
DXC Technology Co. DXC$2.0 billion17.704.1%7.2%-2.4%0.986.8%
Western Union Co. WU$1.9 billion4.9743.2%15.9%-1.6%2.7415.4%
Insperity, Inc. NSP$1.9 billionn/a-26.2%-0.0%2.6%6.874.9%
Evertec, Inc. EVTC$1.8 billion19.2715.2%17.9%12.4%1.900.7%
Blackline, Inc. BL$1.7 billion52.3011.0%4.3%8.6%2.11n/a
Liquidity Services Inc. LQDT$1.6 billion42.3014.1%9.0%5.2%0.00n/a
Progress Software Corp. PRGS$1.6 billion18.1317.4%17.7%6.4%2.330.0%
Concentrix Corp. CNXC$1.6 billionn/a-135.2%-20.9%2.6%2.22n/a
Everforth Inc. EFOR$1.5 billion19.344.6%4.9%-1.0%0.80n/a
AMN Healthcare Services Inc. AMN$1.4 billion13.5814.2%5.8%24.0%1.00n/a
Certara, Inc. CERT$1.4 billionn/a-7.1%-0.2%0.7%0.30n/a
Arlo Technologies, Inc. ARLO$1.3 billion45.9319.3%2.7%15.6%0.00n/a
Sprinklr, Inc. CXM$1.3 billion55.104.5%5.3%6.3%0.00n/a
Prog Holdings, Inc. PRG$1.2 billionn/an/an/an/a1.101.7%
Donnelley Financial Solutions, Inc. DFIN$1.2 billion33.399.1%18.9%3.0%0.53n/a
ZoomInfo Technologies Inc. GTM$1.1 billionn/a-65.3%-35.2%2.7%1.53n/a
Upwork, Inc. UPWK$1.1 billion11.1816.7%15.1%1.9%0.59n/a
TripAdvisor, Inc. TRIP$1.0 billion867.000.8%2.7%-4.4%1.230.0%
Legalzoom.Com, Inc. LZ$1,000 million66.3313.3%4.1%12.3%0.00n/a
Healthstream Inc. HSTM$969 million46.045.9%8.0%8.8%0.000.4%
Upbound Group, Inc. UPBD$898 million9.9312.3%5.1%5.9%1.9410.1%
Quinstreet, Inc. QNST$888 million11.1525.1%2.7%18.3%0.22n/a
N-able, Inc. NABL$874 millionn/a-0.9%9.5%10.0%0.49n/a
Sabre Corp. SABR$765 millionn/an/an/an/an/a0.0%
ADT Inc. ADTn/an/a17.6%25.0%2.1%2.243.4%
16 companies share its SEC industry code (Services-Computer Processing & Data Preparation); the rest are the names nearest in size in its wider industry, Business Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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