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CarGurus, Inc.(CARG)Earnings, Financials & Key Ratios
CARG•NASDAQ
$37.41
$3.7B mkt cap·24.1× P/E·Price updated May 6, 2026
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%
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
- ✓Efficient asset utilization: 1.4x turnover
✗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%
TTM4.99%
Profit CAGR
10 Years-
5 Years14.99%
3 Years-6.99%
TTM643.39%
EPS CAGR
10 Years-
5 Years17.91%
3 Years0.88%
TTM761.11%
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
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)
Q1 2026Latest
Feb 19, 2026EPS
$0.63
Est $0.61
+3.3%
Revenue
$241M
Est $239M
+0.9%
Q4 2025
Nov 6, 2025EPS
$0.57
Est $0.55
+3.6%
Revenue
$239M
Est $239M
-0.2%
Q3 2025
Aug 7, 2025EPS
$0.57
Est $0.54
+5.6%
Revenue
$234M
Est $232M
+0.8%
Q2 2025
May 8, 2025EPS
$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 →
CARG Peer Comparison
CarGurus, Inc. (CARG) competitors in Digital Auto Retail and Marketplaces — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CARS | 656.14M | 11.19 | 34.97 | 0.57% | 2.77% | 4.24% | ||
 TRU | 13.64B | 70.70 | 30.47 | 9.38% | 14.91% | 15.1% | 1.13 | |
 CVNA | 84.42B | 389.38 | 46.08 | 48.63% | 7.09% | 45.92% | 0.15 | |
 VRM | 62.14M | 11.95 | -0.13 | -98.7% | -27.71% | -77.02% | ||
 KMX | 5.64B | 39.43 | 12.28 | -0.02% | 1.67% | 7.55% | 3.11 | |
 AN | 7.03B | 204.77 | 12.02 | 3.24% | 2.47% | 28.44% | 4.35 | |
 PAG | 11.16B | 169.73 | 12.01 | -0.18% | 2.89% | 16.37% | 1.58 | |
 LAD | 6.6B | 289.40 | 8.95 | 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.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 316.86M | 454.09M | 588.92M | 551.45M | 951.37M | 1.66B | 914.24M | 894.38M | 938.98M |
| Revenue Growth % | 59.92% | 43.31% | 29.69% | -6.36% | 72.52% | 73.96% | -44.76% | -2.17% | 4.99% |
| Cost of Goods Sold | 17.61M | 24.81M | 36.3M | 42.71M | 294.01M | 997.48M | 262.79M | 155.44M | 103.44M |
| 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% |
| Gross Margin % | 94.44% | 94.54% | 93.84% | 92.26% | 69.1% | 39.73% | 71.26% | 82.62% | 88.98% |
| 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 |
| 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 |
| 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 |
| 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 |
| 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% |
| Operating Margin % | 4.82% | 5.11% | 5.83% | 17.73% | 15.58% | 6.55% | 3.57% | 1.5% | 20.7% |
| 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 |
| EBITDA Margin % | 6.02% | 7.03% | 7.16% | 18.97% | 20.91% | 9.96% | 8.87% | 4.34% | 24.14% |
| EBITDA Growth % | 79.17% | 67.33% | 32.06% | 148.28% | 90.13% | -17.11% | -50.81% | -52.19% | 484.73% |
| D&A (Non-Cash Add-back) | 3.79M | 8.72M | 7.82M | 6.87M | 50.65M | 56.4M | 48.47M | 25.36M | 32.31M |
| EBIT | 15.87M | 25.48M | 34.32M | 97.76M | 149.36M | 111.36M | 32.63M | 147.91M | 202.8M |
| Net Interest Income | 840K | 2.28M | 2.98M | 1.07M | 120K | 3.85M | 18.43M | 12.19M | 9.15M |
| Interest Income | 869K | 2.28M | 2.98M | 1.07M | 120K | 3.85M | 18.43M | 12.19M | 9.15M |
| Interest Expense | 29K | 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 |
| 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% |
| Pretax Margin % | 5% | 5.61% | 6.57% | 17.97% | 15.7% | 6.73% | 5.65% | 2.76% | 21.6% |
| Income Tax | 2.64M | -39.69M | -3.44M | 21.56M | 38.99M | 32.41M | 29.63M | 3.69M | 42.96M |
| Effective Tax Rate % | 16.66% | -155.73% | -8.89% | 21.75% | 26.1% | 29.1% | 57.33% | 14.95% | 21.18% |
| 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% |
| Net Margin % | 4.17% | 14.35% | 7.16% | 14.06% | 11.48% | 11.71% | 3.4% | 2.34% | 16.6% |
| Net Income Growth % | 103.16% | 393.75% | -35.33% | 84.01% | 40.86% | 77.39% | -83.95% | -32.57% | 643.39% |
| Net Income (Continuing) | 13.2M | 65.17M | 42.15M | 77.55M | 110.37M | 78.95M | 22.05M | 20.97M | 159.84M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.94M |
| Minority Interest | 0 | 0 | 0 | 0 | 162.81M | 36.75M | 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% |
| EPS Growth % | 148% | 375% | -35.09% | 83.78% | -100.19% | - | -87.42% | 5.26% | 675% |
| 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 |
| Basic Shares Outstanding | 101.66M | 108.83M | 111.45M | 112.85M | 117.14M | 118.47M | 113.24M | 104.54M | 95.29M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 157.2M | 194.86M | 218.95M | 331.98M | 563.11M | 557.37M | 391.19M | 391.21M | 282.95M |
| Cash & Short-Term Investments | 137.71M | 157.69M | 171.61M | 290.3M | 321.94M | 469.52M | 312.09M | 304.19M | 190.52M |
| Cash Only | 87.71M | 34.89M | 59.92M | 190.3M | 231.94M | 469.52M | 291.36M | 304.19M | 190.52M |
| Short-Term Investments | 50M | 122.8M | 111.69M | 100M | 90M | 0 | 20.72M | 0 | 0 |
| Accounts Receivable | 12.58M | 13.61M | 22.12M | 18.23M | 189.32M | 46.82M | 39.96M | 44.25M | 41.94M |
| Days Sales Outstanding | 14.49 | 10.94 | 13.71 | 12.07 | 72.64 | 10.32 | 15.95 | 18.06 | 16.3 |
| Inventory | 0 | 16.15M | 0 | 0 | 19.66M | 5.28M | 331K | 338K | 0 |
| Days Inventory Outstanding | - | 237.54 | - | - | 24.4 | 1.93 | 0.46 | 0.79 | - |
| Other Current Assets | 1.6M | 13.41M | 9.79M | 11.06M | 15.75M | 13.78M | 38.81M | 42.43M | 0 |
| Total Non-Current Assets | 19.39M | 73.43M | 174.67M | 170.32M | 368.47M | 369.74M | 527.74M | 433.33M | 378.95M |
| Property, Plant & Equipment | 16.56M | 24.27M | 87.94M | 88.32M | 92.82M | 97M | 253.05M | 251.49M | 248.43M |
| Fixed Asset Turnover | 19.13x | 18.71x | 6.70x | 6.24x | 10.25x | 17.06x | 3.61x | 3.56x | 3.78x |
| Goodwill | 0 | 0 | 15.21M | 29.13M | 158.29M | 157.47M | 157.9M | 46.17M | 28.4M |
| Intangible Assets | 0 | 0 | 3.92M | 10.86M | 83.92M | 53.05M | 23.06M | 11.77M | 3.25M |
| Long-Term Investments | 1.84M | 1.92M | 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 |
| 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% |
| Asset Turnover | 1.79x | 1.69x | 1.50x | 1.10x | 1.02x | 1.79x | 0.99x | 1.08x | 1.42x |
| Asset Growth % | 76.01% | 51.92% | 46.72% | 27.61% | 85.46% | -0.48% | -0.88% | -10.27% | -19.72% |
| Total Current Liabilities | 42.97M | 63.5M | 73.76M | 66.54M | 170.71M | 98.73M | 115.18M | 93.05M | 100.54M |
| Accounts Payable | 23.91M | 34.34M | 36.73M | 21.56M | 66.15M | 32.53M | 47.85M | 26.41M | 29.11M |
| Days Payables Outstanding | 495.57 | 505.26 | 369.33 | 184.29 | 82.12 | 11.9 | 66.47 | 62.02 | 102.73 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 4.3M | 8.81M | 9.98M | 9.14M | 12.78M | 12.25M | 21.32M | 21.66M | 23.56M |
| Other Current Liabilities | 6.95M | 12.08M | 8.64M | 10.85M | 39.85M | 11.01M | 15.25M | 17.38M | 0 |
| Current Ratio | 3.66x | 3.07x | 2.97x | 4.99x | 3.30x | 5.65x | 3.40x | 4.20x | 2.81x |
| Quick Ratio | 3.66x | 2.81x | 2.97x | 4.99x | 3.18x | 5.59x | 3.39x | 4.20x | 2.81x |
| Cash Conversion Cycle | - | -256.77 | - | - | 14.91 | 0.35 | -50.05 | -43.16 | - |
| Total Non-Current Liabilities | 6.6M | 10.68M | 63.01M | 62.18M | 81.22M | 57.01M | 186.9M | 189.8M | 187.16M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 60.82M | 58.81M | 57.52M | 51.66M | 182.11M | 183.74M | 181.36M |
| Deferred Tax Liabilities | 0 | 7.93M | 284K | 291K | 58K | 54K | 58K | 26K | 442K |
| Other Non-Current Liabilities | 6.6M | 10.68M | 1.91M | 3.08M | 23.64M | 5.3M | 4.73M | 6.03M | 5.35M |
| Total Liabilities | 49.57M | 74.18M | 136.77M | 128.71M | 251.93M | 155.74M | 302.07M | 282.85M | 287.7M |
| Total Debt | 0 | 0 | 69.6M | 69.89M | 70.7M | 66.42M | 194.39M | 192.74M | 190.83M |
| Net Debt | -87.71M | -34.89M | 9.68M | -120.4M | -161.24M | -403.1M | -96.97M | -111.45M | 315K |
| Debt / Equity | - | - | 0.27x | 0.19x | 0.10x | 0.09x | 0.32x | 0.36x | 0.51x |
| Debt / EBITDA | - | - | 1.65x | 0.67x | 0.36x | 0.40x | 2.40x | 4.97x | 0.84x |
| Net Debt / EBITDA | -4.60x | -1.09x | 0.23x | -1.15x | -0.81x | -2.44x | -1.20x | -2.87x | 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% |
| Equity Growth % | 96.25% | 52.81% | 32.32% | 45.45% | 81.93% | 13.49% | -20.03% | -12.18% | -30.92% |
| Book Value per Share | 1.17 | 1.71 | 2.26 | 3.28 | 5.80 | 6.02 | 5.40 | 5.10 | 3.87 |
| Total Shareholders' Equity | 127.03M | 194.11M | 256.86M | 373.59M | 516.84M | 734.61M | 616.85M | 541.69M | 374.2M |
| Common Stock | 106K | 111K | 112K | 113K | 118K | 118K | 108K | 104K | 95K |
| Retained Earnings | -58.5M | 9.71M | 51.86M | 129.41M | 129.26M | 323.04M | 354.15M | 375.12M | 362.38M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 228K | 71K | -350K | 1.88M | -403K | -1.64M | -901K | -2.55M | 1.43M |
| Minority Interest | 0 | 0 | 0 | 0 | 162.81M | 36.75M | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 25.69M | 51.72M | 70.12M | 156.74M | 98.29M | 256.11M | 124.53M | 255.49M | 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% |
| Net Income | 13.2M | 65.17M | 42.15M | 77.55M | 110.37M | 78.95M | 22.05M | 20.97M | 155.9M |
| Depreciation & Amortization | 3.79M | 5.03M | 7.82M | 10.19M | 40.48M | 45.33M | 48.47M | 25.36M | 28.35M |
| Stock-Based Compensation | 5.03M | 20.79M | 34.3M | 45.09M | 53.52M | 54.78M | 63.74M | 62.27M | 50.44M |
| Deferred Taxes | -1.12M | -39.04M | -3.73M | 22.23M | 6.16M | -22.11M | -37.86M | -33.35M | 25.89M |
| Other Non-Cash Items | 1.25M | 5.18M | 8.82M | 14.71M | 16.71M | 13.29M | 12.24M | 161.13M | 51.38M |
| Working Capital Changes | 3.54M | -5.41M | -19.23M | -13.04M | -128.96M | 85.86M | 15.89M | 19.11M | -16.68M |
| Change in Receivables | -7.04M | -1.91M | -9.61M | 3.89M | -174.77M | 152.95M | 10.97M | -4.87M | 675K |
| Change in Inventory | 2.9M | -9.06M | 0 | 0 | -17.32M | 14.37M | 1.96M | -112K | 338K |
| Change in Payables | 6.24M | 9.35M | 4.27M | -15.08M | 35.4M | -35.05M | 2.08M | -4.66M | 3.56M |
| Cash from Investing | -12.6M | -80.28M | -22.26M | -16.89M | -68.15M | 72.73M | -61.56M | -72.97M | -29.32M |
| Capital Expenditures | -7.37M | -7.48M | -11.21M | -2.95M | -7.71M | -5.92M | -24.56M | -75.17M | -6.38M |
| 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 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.21M | -1.52M | -3.02M | -4.58M | -6.16M | -11.35M | -16.45M | -18.52M | -22.93M |
| Cash from Financing | 44.78M | -23.39M | -14.69M | -10.09M | 17.81M | -92.62M | -253.64M | -168.63M | -383.76M |
| Debt Issued (Net) | 0 | 0 | -30K | -37K | -14.29M | -68K | -70K | -75K | -81K |
| Equity Issued (Net) | 47.69M | 0 | 0 | 0 | 0 | -14.43M | -208.52M | -146.18M | -351.46M |
| Dividends Paid | 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 |
| Other Financing | -2.91M | -23.39M | -14.66M | -10.05M | 32.1M | -78.12M | -45.05M | -22.37M | -32.23M |
| 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% |
| 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% |
| FCF Margin % | 5.78% | 9.74% | 9.49% | 27.06% | 8.87% | 14.43% | 9.11% | 20.16% | 30.77% |
| FCF Growth % | 43.27% | 141.53% | 26.32% | 166.97% | -43.43% | 182.93% | -65.12% | 116.43% | 60.21% |
| FCF per Share | 0.17 | 0.39 | 0.49 | 1.31 | 0.72 | 1.86 | 0.73 | 1.70 | 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 |
| Interest Paid | 29K | 19K | 10.91M | 0 | 0 | 64K | 566K | 772K | 0 |
| Taxes Paid | 4.39M | 2.31M | 300K | 2.83M | 27.52M | 61M | 74.78M | 40.78M | 0 |
CARG Key Ratios
CarGurus, Inc. (CARG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 10.65% | 13.77% | 40.59% | 18.69% | 24.6% | 20.74% | 26.71% | 4.48% | 3.62% | 34.04% |
| Return on Invested Capital (ROIC) | 41.29% | 30.73% | 17.52% | 12.09% | 28.21% | 28.82% | 18.35% | 5.51% | 2.12% | 36.23% |
| Gross Margin | 95.17% | 94.44% | 94.54% | 93.84% | 92.26% | 69.1% | 39.73% | 71.26% | 82.62% | 88.98% |
| Net Margin | 3.28% | 4.17% | 14.35% | 7.16% | 14.06% | 11.48% | 11.71% | 3.4% | 2.34% | 16.6% |
| Debt / Equity | - | - | - | 0.27x | 0.19x | 0.10x | 0.09x | 0.32x | 0.36x | 0.51x |
| Interest Coverage | 329.65x | 547.10x | - | - | - | - | - | - | - | - |
| FCF Conversion | 3.08x | 1.95x | 0.79x | 1.66x | 2.02x | 0.90x | 1.32x | 4.00x | 12.18x | 1.89x |
| Revenue Growth | 100.98% | 59.92% | 43.31% | 29.69% | -6.36% | 72.52% | 73.96% | -44.76% | -2.17% | 4.99% |
CARG SEC Filings & Documents
CarGurus, Inc. (CARG) SEC filings — annual & quarterly reports (10-K, 10-Q)
CARG Frequently Asked Questions
CarGurus, Inc. (CARG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
CarGurus, Inc. (CARG) reported $939.0M in revenue for fiscal year 2025. This represents a 852% 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 $155.9M 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 $271.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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