CarGurus, Inc. (CARG) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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CARG Revenue Growth
Revenue Breakdown (FY 2024)
CARG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CARG Revenue Analysis (2015–2025)
As of May 8, 2026, CarGurus, Inc. (CARG) generated trailing twelve-month (TTM) revenue of $957.4 million, reflecting solid growth of +8.2% year-over-year. The most recent quarter (Q1 2026) recorded $243.6 million in revenue, up 1.0% sequentially.
Looking at the longer-term picture, CARG's 5-year compound annual growth rate (CAGR) stands at +11.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.66 billion in 2022.
Revenue diversification analysis shows CARG's business is primarily driven by Marketplace (89%), Wholesale (6%), and Product (5%). With over half of revenue concentrated in Marketplace, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including CARS (+0.9% YoY), TRU (+11.0% YoY), and CVNA (+51.7% YoY), CARG has underperformed the peer group in terms of revenue growth. Compare CARG vs CARS →
CARG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CARGCurrent | $957M | +8.2% | +11.2% | 20.7% | |
 CARS | $723M | +0.9% | +5.7% | 8.3% | |
 TRU | $4.6B | +11.0% | +12.6% | 18.7% | |
 CVNA | $20.3B | +51.7% | +29.5% | 9.3% | |
 VRM | $12M | -99.2% | -60.4% | -1092.2% | |
 KMX | $28.2B | -1.5% | +5.7% | 2.8% |
CARG Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $939.0M | +5.0% | $835.5M | 89.0% | $194.4M | 20.7% |
| 2024 | $894.4M | -2.2% | $738.9M | 82.6% | $13.4M | 1.5% |
| 2023 | $914.2M | -44.8% | $651.5M | 71.3% | $32.6M | 3.6% |
| 2022 | $1.66B | +74.0% | $657.6M | 39.7% | $108.5M | 6.6% |
| 2021 | $951.4M | +72.5% | $657.4M | 69.1% | $148.3M | 15.6% |
| 2020 | $551.5M | -6.4% | $508.7M | 92.3% | $97.8M | 17.7% |
| 2019 | $588.9M | +29.7% | $552.6M | 93.8% | $34.3M | 5.8% |
| 2018 | $454.1M | +43.3% | $429.3M | 94.5% | $23.2M | 5.1% |
| 2017 | $316.9M | +59.9% | $299.3M | 94.4% | $15.3M | 4.8% |
| 2016 | $198.1M | +101.0% | $188.6M | 95.2% | $8.6M | 4.3% |
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Start ComparisonCARG — Frequently Asked Questions
Quick answers to the most common questions about buying CARG stock.
Is CARG's revenue growth accelerating or slowing?
CARG maintains +8.2% revenue growth, in line with its 5-year CAGR of +11.2%. TTM revenue stands at $957M. Growth rate remains consistent with historical average.
What is CARG's long-term revenue growth rate?
CarGurus, Inc.'s 5-year revenue CAGR of +11.2% reflects the sustained expansion pattern. Current YoY growth of +8.2% is near this long-term average.
How is CARG's revenue distributed by segment?
CARG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.