Last 39 quarters of trend data · Consumer Cyclical · Auto - Dealerships
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
CarGurus, Inc.'s quarterly P/E stands at 25.0x, up 27.2% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 20.1% YoY to 11.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.37 | 25.04 | 18.80 | 20.68 | 38.03 | 19.68 | 21.24 | 35.75 | — | 28.85 | — | 21.90 | 40.41 |
| — | +27.2% | -11.5% | -42.1% | — | -31.8% | — | +63.2% | — | -38.2% | — | -13.5% | +12.8% | |
| P/S Ratio | 3.09 | 3.32 | 3.85 | 3.89 | 3.58 | 3.40 | 4.24 | 3.41 | 3.11 | 2.90 | 3.00 | 2.28 | 2.70 |
| — | -2.2% | -9.3% | +14.1% | +15.2% | +17.0% | +41.2% | +49.4% | +15.1% | +24.5% | +106.5% | +107.7% | +117.2% | |
| P/B Ratio | 7.76 | 13.66 | 9.92 | 9.89 | 7.70 | 7.61 | 7.16 | 6.53 | 6.02 | 4.41 | 4.35 | 2.69 | 3.55 |
| — | +79.4% | +38.5% | +51.5% | +28.0% | +72.6% | +64.7% | +142.2% | +69.7% | +48.4% | +100.9% | +7.9% | +1.2% | |
| P/FCF | 10.04 | 11.65 | 11.32 | 14.50 | 12.84 | 12.70 | 15.63 | 13.93 | 16.85 | 35.15 | — | 29.09 | 27.52 |
| — | -8.2% | -27.5% | +4.1% | -23.8% | -63.9% | — | -52.1% | -38.8% | +292.5% | — | +327.9% | — | |
| EV / EBITDA | 12.79 | 11.78 | 11.48 | 15.02 | 26.30 | 14.74 | 15.61 | 23.74 | — | 18.15 | — | 13.02 | 20.70 |
| — | -20.1% | -26.5% | -36.7% | — | -18.8% | — | +82.3% | — | -3.0% | — | +35.3% | +26.6% | |
| EV / EBIT | 14.92 | 14.14 | 13.20 | 16.47 | 15.22 | 16.85 | 17.67 | 22.47 | 19.90 | 23.32 | — | 20.06 | 34.32 |
| — | -16.0% | -25.3% | -26.7% | -23.5% | -27.8% | — | +12.0% | -42.0% | -31.7% | — | +49.8% | +42.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
CarGurus, Inc.'s operating margin was 24.3% in Q1 2026, down 4.3 pp QoQ and up 4.0 pp YoY. The trailing four-quarter average of 21.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 4.0% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.0% | 92.2% | 90.4% | 89.5% | 87.3% | 88.7% | 87.1% | 78.9% | 83.4% | 79.8% | 75.3% | 74.9% | 68.5% |
| — | +4.0% | +3.8% | +13.4% | +4.7% | +11.2% | +15.6% | +5.4% | +21.8% | +19.4% | +57.6% | +111.8% | +86.3% | |
| Operating Margin | 20.7% | 24.3% | 28.7% | 22.9% | 10.6% | 20.3% | 23.3% | 11.9% | -42.8% | 12.2% | -10.0% | 10.5% | 7.4% |
| — | +19.8% | +23.0% | +93.2% | +124.8% | +66.8% | +333.6% | +12.7% | -678.4% | +101.0% | -196.6% | +56.6% | +60.7% | |
| Net Margin | 16.6% | 13.2% | 20.7% | 18.7% | 9.5% | 17.3% | 20.1% | 9.7% | -31.4% | 9.9% | -8.0% | 10.2% | 6.8% |
| — | -23.7% | +2.9% | +92.5% | +130.4% | +75.7% | +350.2% | -4.3% | -559.0% | +41.9% | -146.2% | -59.5% | +438.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 34.0% | 10.5% | 13.3% | 11.0% | 5.3% | 8.3% | 9.0% | 4.8% | -13.5% | 3.6% | -2.6% | 3.0% | 2.2% |
| — | +27.4% | +48.4% | +129.2% | +139.6% | +130.2% | +440.0% | +59.1% | -698.6% | +67.1% | -140.2% | -79.1% | +255.7% | |
| ROA | 21.0% | 5.5% | 7.5% | 6.4% | 3.2% | 5.2% | 5.7% | 2.9% | -8.5% | 2.4% | -1.8% | 2.1% | 1.6% |
| — | +5.7% | +31.5% | +119.4% | +137.3% | +116.7% | +414.6% | +37.7% | -639.3% | +46.0% | -134.9% | -80.1% | +248.4% | |
| ROIC | 36.2% | 12.2% | 13.6% | 10.4% | 4.5% | 8.0% | 9.3% | 4.8% | -14.9% | 3.8% | -3.0% | 3.0% | 2.5% |
| — | +52.2% | +45.3% | +116.0% | +130.4% | +110.4% | +411.3% | +62.2% | -691.2% | +53.9% | -152.6% | -40.1% | -34.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
CarGurus, Inc.'s Debt/EBITDA ratio is 2.6x, up from 2.4x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 38.0% YoY to 1.65x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.79 | 0.51 | 0.51 | 0.45 | 0.49 | 0.36 | 0.39 | 0.43 | 0.34 | 0.32 | 0.28 | 0.28 |
| — | +63.1% | +43.3% | +31.8% | +4.5% | +44.6% | +12.9% | +41.4% | +51.4% | +16.4% | +266.0% | +219.0% | +200.7% | |
| Debt / EBITDA | 0.84 | 2.64 | 2.36 | 3.12 | 6.19 | 3.74 | 3.20 | 5.79 | — | 5.66 | — | 5.77 | 7.04 |
| — | -29.3% | -26.1% | -46.2% | — | -34.0% | — | +0.3% | — | -31.0% | — | +254.0% | +257.7% | |
| Current Ratio | 2.81 | 1.65 | 2.81 | 2.87 | 3.18 | 2.67 | 4.20 | 2.95 | 2.57 | 2.78 | 3.40 | 4.93 | 4.83 |
| — | -38.0% | -33.1% | -2.8% | +23.5% | -4.2% | +23.8% | -40.1% | -46.8% | -36.5% | -39.8% | +21.5% | +35.1% | |
| Quick Ratio | 2.81 | 1.65 | 2.81 | 2.87 | 3.17 | 2.66 | 4.20 | 2.95 | 2.57 | 2.78 | 3.39 | 4.93 | 4.83 |
| — | -37.8% | -33.0% | -2.7% | +23.3% | -4.4% | +23.8% | -40.1% | -46.8% | -36.3% | -39.3% | +27.4% | +39.8% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CARG stock.
CarGurus, Inc.'s current P/E is 19.4x. The average P/E over the last 4 quarters is 25.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
CarGurus, Inc.'s current operating margin is 20.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking CarGurus, Inc.'s business trajectory between earnings reports.