CarGurus, Inc.(CARG)Earnings, Financials & Key Ratios

CARG•NASDAQ

$38.16

$3.77B mkt cap·24.6× P/E·Price updated May 7, 2026

SectorConsumer Cyclical IndustryAuto Dealerships Sub-IndustryDigital Auto Retail and Marketplaces

AboutCarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace that allows customers to search for new and used car listings from its dealers; and connects dealers to a large audience of informed and engaged consumers while providing dealers with actionable data-based insights. It also offers Digital Deal which allows shoppers to start purchase from a VDP on eligible listings that provides them with purchase options; Finance in Advance, where eligible consumers can pre-qualify for financing on cars from dealerships that offer financing from partners; Sell My Car Top Dealer Offers which allows dealers to make tailored trade-in offers; and Sell My Car Instant Max Cash Offer which allows consumers to sell vehicles to dealers online. In addition, the company provides dealer listings and data insights products; auto manufacturers and others advertiser products, such as brand reinforcement, category sponsorship, automobile segment exclusivity, and consumer segment exposure; Autolist, an online automotive marketplace through mobile applications and a website; and PistonHeads which is an automotive marketplace, auction platform, and editorial site for automotive enthusiasts. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.Show more

Revenue$939M+5.0%
EBITDA$227M+484.7%
Net Income$156M+643.4%
EPS (Diluted)1.55+675.0%
Gross Margin88.98%+7.7%
EBITDA Margin24.14%+457.0%
Operating Margin20.7%+1280.6%
Net Margin16.6%+608.1%
ROE34.04%+840.3%
ROIC36.23%+1611.3%
Debt/Equity0.51+43.3%

Technical→

CARG Key Insights

CarGurus, Inc. (CARG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 30.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.2%
✓Share count reduced 8.9% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CARG Price & Volume

CarGurus, Inc. (CARG) stock price & volume — 10-year historical chart

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CARG Growth Metrics

CarGurus, Inc. (CARG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years25.28%

5 Years11.23%

3 Years-17.22%

TTM5.93%

Profit CAGR

10 Years-

5 Years14.99%

3 Years-6.99%

TTM285.08%

EPS CAGR

10 Years-

5 Years17.91%

3 Years0.88%

TTM334.29%

Return on Capital

10 Years15.47%

5 Years14.85%

3 Years11.94%

Last Year30.07%

CARG Recent Earnings

CarGurus, Inc. (CARG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)

Q1 2026Latest

Feb 19, 2026

EPS

$0.63

Est $0.61

+3.3%

Revenue

$241M

Est $239M

+0.9%

Q4 2025

Nov 6, 2025

EPS

$0.57

Est $0.55

+3.6%

Revenue

$239M

Est $239M

-0.2%

Q3 2025

Aug 7, 2025

EPS

$0.57

Est $0.54

+5.6%

Revenue

$234M

Est $232M

+0.8%

Q2 2025

May 8, 2025

EPS

$0.46

Est $0.42

+9.5%

Revenue

$225M

Est $233M

-3.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 19, 2026	$0.63vs $0.61+3.3%	$241Mvs $239M+0.9%
Q4 2025	Nov 6, 2025	$0.57vs $0.55+3.6%	$239Mvs $239M-0.2%
Q3 2025	Aug 7, 2025	$0.57vs $0.54+5.6%	$234Mvs $232M+0.8%
Q2 2025	May 8, 2025	$0.46vs $0.42+9.5%	$225Mvs $233M-3.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
CARSCars.com Inc.Direct Competitor	703.62M	12.34	38.56	0.57%	3.73%	5.71%	0.99
TRUTransUnionDirect Competitor	14.07B	72.95	31.44	9.38%	14.91%	15.1%	1.13
CVNACarvana Co.Direct Competitor	86.77B	400.22	47.36	48.63%	7.09%	45.92%	0.15
VRMVroom, Inc.Direct Competitor	64.74M	12.45	-0.14	-98.7%	-27.71%	-77.02%
KMXCarMax, Inc.Product Competitor	5.71B	39.91	12.43	-0.02%	1.67%	7.55%	3.11
ANAutoNation, Inc.Product Competitor	7.05B	205.29	12.05	3.24%	2.47%	28.44%	4.35
PAGPenske Automotive Group, Inc.Product Competitor	11.29B	171.70	12.15	-0.18%	2.89%	16.37%	1.58
LADLithia Motors, Inc.Product Competitor	6.64B	291.23	9.01	4%	1.88%	10.59%	2.22

Compare CARG vs Peers

CarGurus, Inc. (CARG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CARS

Most directly comparable listed peer for CARG.

Scale Benchmark

vs CVNA

Larger-name benchmark to compare CARG against a more recognizable public peer.

Peer Set

Compare Top 5

vs CARS, TRU, CVNA, VRM

CARG Income Statement

CarGurus, Inc. (CARG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	316.86M	454.09M	588.92M	551.45M	951.37M	1.66B	914.24M	894.38M	938.98M	957.38M
Revenue Growth %	59.92%	43.31%	29.69%	-6.36%	72.52%	73.96%	-44.76%	-2.17%	4.99%	5.93%
Cost of Goods Sold	17.61M	24.81M	36.3M	42.71M	294.01M	997.48M	262.79M	155.44M	103.44M	96.92M
COGS % of Revenue	5.56%	5.46%	6.16%	7.74%	30.9%	60.27%	28.74%	17.38%	11.02%	-
Gross Profit	299.25M▲ 0%	429.27M▲ 43.4%	552.62M▲ 28.7%	508.75M▼ 7.9%	657.36M▲ 29.2%	657.55M▲ 0.0%	651.45M▼ 0.9%	738.95M▲ 13.4%	835.54M▲ 13.1%	860.45M▲ 0%
Gross Margin %	94.44%	94.54%	93.84%	92.26%	69.1%	39.73%	71.26%	82.62%	88.98%	89.88%
Gross Profit Growth %	58.7%	43.45%	28.73%	-7.94%	29.21%	0.03%	-0.93%	13.43%	13.07%	-
Operating Expenses	283.98M	406.08M	518.29M	410.99M	509.09M	549.08M	618.83M	725.53M	641.14M	652.79M
OpEx % of Revenue	89.62%	89.43%	88.01%	74.53%	53.51%	33.18%	67.69%	81.12%	68.28%	-
Selling, General & Admin	258.85M	355.41M	444.28M	319.14M	388.25M	409.82M	456.83M	434.31M	442.29M	452.76M
SG&A % of Revenue	81.69%	78.27%	75.44%	57.87%	40.81%	24.76%	49.97%	48.56%	47.1%	-
Research & Development	22.47M	47.87M	69.46M	85.73M	106.42M	123.77M	146.17M	144.43M	155.72M	157.14M
R&D % of Revenue	7.09%	10.54%	11.79%	15.55%	11.19%	7.48%	15.99%	16.15%	16.58%	-
Other Operating Expenses	563K	10K	4.55M	6.12M	14.41M	15.48M	15.83M	146.79M	43.12M	2M
Operating Income	15.27M▲ 0%	23.19M▲ 51.8%	34.32M▲ 48.0%	97.76M▲ 184.8%	148.27M▲ 51.7%	108.48M▼ 26.8%	32.63M▼ 69.9%	13.41M▼ 58.9%	194.4M▲ 1349.4%	188.72M▲ 0%
Operating Margin %	4.82%	5.11%	5.83%	17.73%	15.58%	6.55%	3.57%	1.5%	20.7%	19.71%
Operating Income Growth %	78.21%	51.83%	48%	184.82%	51.67%	-26.84%	-69.92%	-58.89%	1349.45%	-
EBITDA	19.07M	31.91M	42.14M	104.62M	198.92M	164.88M	81.1M	38.77M	226.71M	218.19M
EBITDA Margin %	6.02%	7.03%	7.16%	18.97%	20.91%	9.96%	8.87%	4.34%	24.14%	22.79%
EBITDA Growth %	79.17%	67.33%	32.06%	148.28%	90.13%	-17.11%	-50.81%	-52.19%	484.73%	280.67%
D&A (Non-Cash Add-back)	3.79M	8.72M	7.82M	6.87M	50.65M	56.4M	48.47M	25.36M	32.31M	29.46M
EBIT	15.87M	25.48M	34.32M	97.76M	149.36M	111.36M	32.63M	147.91M	202.8M	181.32M
Net Interest Income	840K	2.28M	2.98M	1.07M	120K	3.85M	18.43M	12.19M	9.15M	6.05M
Interest Income	869K	2.28M	2.98M	1.07M	120K	3.85M	18.43M	12.19M	9.15M	7.72M
Interest Expense	29K	0	0	0	0	0	0	0	0	0
Other Income/Expense	563K	2.29M	4.38M	1.35M	1.09M	2.88M	19.06M	11.24M	8.4M	6.67M
Pretax Income	15.84M▲ 0%	25.48M▲ 60.9%	38.7M▲ 51.9%	99.11M▲ 156.1%	149.36M▲ 50.7%	111.36M▼ 25.4%	51.69M▼ 53.6%	24.66M▼ 52.3%	202.8M▲ 722.5%	195.39M▲ 0%
Pretax Margin %	5%	5.61%	6.57%	17.97%	15.7%	6.73%	5.65%	2.76%	21.6%	20.41%
Income Tax	2.64M	-39.69M	-3.44M	21.56M	38.99M	32.41M	29.63M	3.69M	42.96M	42.37M
Effective Tax Rate %	16.66%	-155.73%	-8.89%	21.75%	26.1%	29.1%	57.33%	14.95%	21.18%	21.68%
Net Income	13.2M▲ 0%	65.17M▲ 393.7%	42.15M▼ 35.3%	77.55M▲ 84.0%	109.24M▲ 40.9%	193.78M▲ 77.4%	31.1M▼ 83.9%	20.97M▼ 32.6%	155.9M▲ 643.4%	149.09M▲ 0%
Net Margin %	4.17%	14.35%	7.16%	14.06%	11.48%	11.71%	3.4%	2.34%	16.6%	15.57%
Net Income Growth %	103.16%	393.75%	-35.33%	84.01%	40.86%	77.39%	-83.95%	-32.57%	643.39%	285.08%
Net Income (Continuing)	13.2M	65.17M	42.15M	77.55M	110.37M	78.95M	22.05M	20.97M	159.84M	153.03M
Discontinued Operations	0	0	0	0	0	0	0	0	-3.94M	-1000K
Minority Interest	0	0	0	0	162.81M	36.75M	0	0	0	0
EPS (Diluted)	0.12▲ 0%	0.57▲ 375.0%	0.37▼ 35.1%	0.68▲ 83.8%	-0.00▼ 100.2%	1.51▲ 116253.8%	0.19▼ 87.4%	0.20▲ 5.3%	1.55▲ 675.0%	1.57▲ 0%
EPS Growth %	148%	375%	-35.09%	83.78%	-100.19%	-	-87.42%	5.26%	675%	334.29%
EPS (Basic)	0.13	0.60	0.38	0.69	-0.00	1.64	0.19	0.20	1.59	-
Diluted Shares Outstanding	108.26M	113.36M	113.43M	113.85M	117.14M	128.15M	114.19M	106.26M	96.76M	95.1M
Basic Shares Outstanding	101.66M	108.83M	111.45M	112.85M	117.14M	118.47M	113.24M	104.54M	95.29M	94.06M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

CARG Balance Sheet

CarGurus, Inc. (CARG) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	157.2M	194.86M	218.95M	331.98M	563.11M	557.37M	391.19M	391.21M	282.95M	161.87M
Cash & Short-Term Investments	137.71M	157.69M	171.61M	290.3M	321.94M	469.52M	312.09M	304.19M	190.52M	72.05M
Cash Only	87.71M	34.89M	59.92M	190.3M	231.94M	469.52M	291.36M	304.19M	190.52M	72.05M
Short-Term Investments	50M	122.8M	111.69M	100M	90M	0	20.72M	0	0	0
Accounts Receivable	12.58M	13.61M	22.12M	18.23M	189.32M	46.82M	39.96M	44.25M	41.94M	44.57M
Days Sales Outstanding	14.49	10.94	13.71	12.07	72.64	10.32	15.95	18.06	16.3	15.93
Inventory	0	16.15M	0	0	19.66M	5.28M	331K	338K	0	0
Days Inventory Outstanding	-	237.54	-	-	24.4	1.93	0.46	0.79	-	0.91
Other Current Assets	1.6M	13.41M	9.79M	11.06M	15.75M	13.78M	38.81M	42.43M	0	45.26M
Total Non-Current Assets	19.39M	73.43M	174.67M	170.32M	368.47M	369.74M	527.74M	433.33M	378.95M	357.74M
Property, Plant & Equipment	16.56M	24.27M	87.94M	88.32M	92.82M	97M	253.05M	251.49M	248.43M	228.77M
Fixed Asset Turnover	19.13x	18.71x	6.70x	6.24x	10.25x	17.06x	3.61x	3.56x	3.78x	3.93x
Goodwill	0	0	15.21M	29.13M	158.29M	157.47M	157.9M	46.17M	28.4M	28.03M
Intangible Assets	0	0	3.92M	10.86M	83.92M	53.05M	23.06M	11.77M	3.25M	2.98M
Long-Term Investments	1.84M	1.92M	0	0	0	0	0	0	0	0
Other Non-Current Assets	2M	10.28M	24.89M	22.24M	20.07M	26.73M	20.37M	17.23M	17.66M	69.06M
Total Assets	176.59M▲ 0%	268.29M▲ 51.9%	393.62M▲ 46.7%	502.3M▲ 27.6%	931.57M▲ 85.5%	927.1M▼ 0.5%	918.93M▼ 0.9%	824.54M▼ 10.3%	661.9M▼ 19.7%	519.61M▲ 0%
Asset Turnover	1.79x	1.69x	1.50x	1.10x	1.02x	1.79x	0.99x	1.08x	1.42x	1.49x
Asset Growth %	76.01%	51.92%	46.72%	27.61%	85.46%	-0.48%	-0.88%	-10.27%	-19.72%	-63.06%
Total Current Liabilities	42.97M	63.5M	73.76M	66.54M	170.71M	98.73M	115.18M	93.05M	100.54M	97.95M
Accounts Payable	23.91M	34.34M	36.73M	21.56M	66.15M	32.53M	47.85M	26.41M	29.11M	30.69M
Days Payables Outstanding	495.57	505.26	369.33	184.29	82.12	11.9	66.47	62.02	102.73	115.7
Short-Term Debt	0	0	0	0	0	0	0	0	0	9.62M
Deferred Revenue (Current)	4.3M	8.81M	9.98M	9.14M	12.78M	12.25M	21.32M	21.66M	23.56M	95.26M
Other Current Liabilities	6.95M	12.08M	8.64M	10.85M	39.85M	11.01M	15.25M	17.38M	0	63.67M
Current Ratio	3.66x	3.07x	2.97x	4.99x	3.30x	5.65x	3.40x	4.20x	2.81x	2.81x
Quick Ratio	3.66x	2.81x	2.97x	4.99x	3.18x	5.59x	3.39x	4.20x	2.81x	2.81x
Cash Conversion Cycle	-	-256.77	-	-	14.91	0.35	-50.05	-43.16	-	-98.86
Total Non-Current Liabilities	6.6M	10.68M	63.01M	62.18M	81.22M	57.01M	186.9M	189.8M	187.16M	184.53M
Long-Term Debt	0	0	0	0	0	0	0	0	0	178.37M
Capital Lease Obligations	0	0	60.82M	58.81M	57.52M	51.66M	182.11M	183.74M	181.36M	551.35M
Deferred Tax Liabilities	0	7.93M	284K	291K	58K	54K	58K	26K	442K	932K
Other Non-Current Liabilities	6.6M	10.68M	1.91M	3.08M	23.64M	5.3M	4.73M	6.03M	5.35M	25.65M
Total Liabilities	49.57M	74.18M	136.77M	128.71M	251.93M	155.74M	302.07M	282.85M	287.7M	282.49M
Total Debt	0	0	69.6M	69.89M	70.7M	66.42M	194.39M	192.74M	190.83M	188M
Net Debt	-87.71M	-34.89M	9.68M	-120.4M	-161.24M	-403.1M	-96.97M	-111.45M	315K	115.95M
Debt / Equity	-	-	0.27x	0.19x	0.10x	0.09x	0.32x	0.36x	0.51x	0.51x
Debt / EBITDA	-	-	1.65x	0.67x	0.36x	0.40x	2.40x	4.97x	0.84x	0.86x
Net Debt / EBITDA	-4.60x	-1.09x	0.23x	-1.15x	-0.81x	-2.44x	-1.20x	-2.87x	0.00x	0.00x
Interest Coverage	547.10x	-	-	-	-	-	-	-	-	-
Total Equity	127.03M▲ 0%	194.11M▲ 52.8%	256.86M▲ 32.3%	373.59M▲ 45.4%	679.65M▲ 81.9%	771.36M▲ 13.5%	616.85M▼ 20.0%	541.69M▼ 12.2%	374.2M▼ 30.9%	237.13M▲ 0%
Equity Growth %	96.25%	52.81%	32.32%	45.45%	81.93%	13.49%	-20.03%	-12.18%	-30.92%	-97.95%
Book Value per Share	1.17	1.71	2.26	3.28	5.80	6.02	5.40	5.10	3.87	2.49
Total Shareholders' Equity	127.03M	194.11M	256.86M	373.59M	516.84M	734.61M	616.85M	541.69M	374.2M	237.13M
Common Stock	106K	111K	112K	113K	118K	118K	108K	104K	95K	90K
Retained Earnings	-58.5M	9.71M	51.86M	129.41M	129.26M	323.04M	354.15M	375.12M	362.38M	229.81M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	228K	71K	-350K	1.88M	-403K	-1.64M	-901K	-2.55M	1.43M	447K
Minority Interest	0	0	0	0	162.81M	36.75M	0	0	0	0

CARG Cash Flow Statement

CarGurus, Inc. (CARG) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	25.69M	51.72M	70.12M	156.74M	98.29M	256.11M	124.53M	255.49M	295.28M	295.28M
Operating CF Margin %	8.11%	11.39%	11.91%	28.42%	10.33%	15.47%	13.62%	28.57%	31.45%	-
Operating CF Growth %	28.43%	101.33%	35.56%	123.55%	-37.29%	160.56%	-51.38%	105.17%	15.57%	41.41%
Net Income	13.2M	65.17M	42.15M	77.55M	110.37M	78.95M	22.05M	20.97M	155.9M	149.09M
Depreciation & Amortization	3.79M	5.03M	7.82M	10.19M	40.48M	45.33M	48.47M	25.36M	28.35M	28.96M
Stock-Based Compensation	5.03M	20.79M	34.3M	45.09M	53.52M	54.78M	63.74M	62.27M	50.44M	50.81M
Deferred Taxes	-1.12M	-39.04M	-3.73M	22.23M	6.16M	-22.11M	-37.86M	-33.35M	25.89M	30.33M
Other Non-Cash Items	1.25M	5.18M	8.82M	14.71M	16.71M	13.29M	12.24M	161.13M	51.38M	63.31M
Working Capital Changes	3.54M	-5.41M	-19.23M	-13.04M	-128.96M	85.86M	15.89M	19.11M	-16.68M	-25.25M
Change in Receivables	-7.04M	-1.91M	-9.61M	3.89M	-174.77M	152.95M	10.97M	-4.87M	675K	-6.05M
Change in Inventory	2.9M	-9.06M	0	0	-17.32M	14.37M	1.96M	-112K	338K	691K
Change in Payables	6.24M	9.35M	4.27M	-15.08M	35.4M	-35.05M	2.08M	-4.66M	3.56M	654K
Cash from Investing	-12.6M	-80.28M	-22.26M	-16.89M	-68.15M	72.73M	-61.56M	-72.97M	-29.32M	-28.38M
Capital Expenditures	-7.37M	-7.48M	-11.21M	-2.95M	-7.71M	-5.92M	-24.56M	-75.17M	-6.38M	-4.53M
CapEx % of Revenue	2.33%	1.65%	1.9%	0.54%	0.81%	0.36%	2.69%	8.4%	0.68%	-
Acquisitions	2.21M	1.52M	-19.14M	-21.06M	-64.27M	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.21M	-1.52M	-3.02M	-4.58M	-6.16M	-11.35M	-16.45M	-18.52M	-22.93M	-23.84M
Cash from Financing	44.78M	-23.39M	-14.69M	-10.09M	17.81M	-92.62M	-253.64M	-168.63M	-383.76M	-373.3M
Debt Issued (Net)	0	0	-30K	-37K	-14.29M	-68K	-70K	-75K	-81K	-61K
Equity Issued (Net)	47.69M	0	0	0	0	-14.43M	-208.52M	-146.18M	-351.46M	-169.03M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-25.89M	0	0	0	-14.43M	-208.52M	-146.18M	-351.93M	-343.54M
Other Financing	-2.91M	-23.39M	-14.66M	-10.05M	32.1M	-78.12M	-45.05M	-22.37M	-32.23M	-204.21M
Net Change in Cash	58.03M▲ 0%	-51.99M▼ 189.6%	33.16M▲ 163.8%	130.2M▲ 292.6%	47.35M▼ 63.6%	235.85M▲ 398.1%	-190.21M▼ 180.6%	12.3M▲ 106.5%	-115.71M▼ 1040.5%	-103.66M▲ 0%
Free Cash Flow	18.32M▲ 0%	44.24M▲ 141.5%	55.89M▲ 26.3%	149.21M▲ 167.0%	84.42M▼ 43.4%	238.84M▲ 182.9%	83.32M▼ 65.1%	180.32M▲ 116.4%	288.9M▲ 60.2%	280.66M▲ 0%
FCF Margin %	5.78%	9.74%	9.49%	27.06%	8.87%	14.43%	9.11%	20.16%	30.77%	29.32%
FCF Growth %	43.27%	141.53%	26.32%	166.97%	-43.43%	182.93%	-65.12%	116.43%	60.21%	28%
FCF per Share	0.17	0.39	0.49	1.31	0.72	1.86	0.73	1.70	2.99	2.99
FCF Conversion (FCF/Net Income)	1.95x	0.79x	1.66x	2.02x	0.90x	1.32x	4.00x	12.18x	1.89x	1.88x
Interest Paid	29K	19K	10.91M	0	0	64K	566K	772K	0	282K
Taxes Paid	4.39M	2.31M	300K	2.83M	27.52M	61M	74.78M	40.78M	0	16.57M

CARG Key Ratios

CarGurus, Inc. (CARG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	13.77%	40.59%	18.69%	24.6%	20.74%	26.71%	4.48%	3.62%	34.04%	41.93%
Return on Invested Capital (ROIC)	30.73%	17.52%	12.09%	28.21%	28.82%	18.35%	5.51%	2.12%	36.23%	36.23%
Gross Margin	94.44%	94.54%	93.84%	92.26%	69.1%	39.73%	71.26%	82.62%	88.98%	89.88%
Net Margin	4.17%	14.35%	7.16%	14.06%	11.48%	11.71%	3.4%	2.34%	16.6%	15.57%
Debt / Equity	-	-	0.27x	0.19x	0.10x	0.09x	0.32x	0.36x	0.51x	0.51x
Interest Coverage	547.10x	-	-	-	-	-	-	-	-	-
FCF Conversion	1.95x	0.79x	1.66x	2.02x	0.90x	1.32x	4.00x	12.18x	1.89x	1.88x
Revenue Growth	59.92%	43.31%	29.69%	-6.36%	72.52%	73.96%	-44.76%	-2.17%	4.99%	5.93%

CARG SEC Filings & Documents

CarGurus, Inc. (CARG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 7, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

CARG Frequently Asked Questions

CarGurus, Inc. (CARG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

CarGurus, Inc. (CARG) reported $957.4M in revenue for fiscal year 2025. This represents a 871% increase from $98.6M in 2015.

CarGurus, Inc. (CARG) grew revenue by 5.0% over the past year. Growth has been modest.

Yes, CarGurus, Inc. (CARG) is profitable, generating $149.1M in net income for fiscal year 2025 (16.6% net margin).

Dividend & Returns

CarGurus, Inc. (CARG) has a return on equity (ROE) of 34.0%. This is excellent, indicating efficient use of shareholder capital.

CarGurus, Inc. (CARG) generated $280.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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