CARGNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
CarGurus, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$31.02+0.74 (+2.44%)
Close on Oct 19, 2026
- Market cap
- $2.83B
- P/E (TTM)
- 16.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
92.8%+0.5 pts over 5 years
Operating margin
27.0%+9.2 pts over 5 years
Net margin
17.2%+3.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.7% | -18.2% | +10.5% | +24.8% | |
| Gross profit | +15.6% | +8.6% | +10.6% | +24.5% | |
| Operating income | +55.6% | +31.1% | +20.1% | – | |
| Net income | +643.4% | +22.7% | +15.0% | – | |
| EPS, diluted | +675.0% | +35.7% | +17.9% | – | |
| Free cash flow | +60.2% | +4.9% | +13.4% | +46.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -15.5% | 24.6% | 34.0% | |
| Return on assets | – | 17.3% | 21.0% | |
| Current ratio | 2.94 | 4.99 | 2.81 | |
| Interest coverage | 329.7× | – | – | |
| Inventory turnover | – | – | – | |
| Capex to revenue | 3.0% | 0.5% | 0.7% | |
| Diluted shares | 44M | 114M | 100M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CarGurus generated $1.03B from operations and spent $840.82M on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$1.03B
Used
$840.82M
Capital expenditure$119.76M14%Dividends$00%Share buybacks$721.06M86%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin17.2%
×Asset turnover1.22×
×Equity multiplier1.62×
=Return on equity, FY202534.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 17.2% | 1.22× | 1.62× | 34.0% |
| FY2024 | 2.6% | 0.92× | 1.50× | 3.6% |
| FY2023 | 5.3% | 0.76× | 1.37× | 5.5% |
| FY2022 | 5.1% | 1.78× | 1.49× | 13.5% |
| FY2021 | 11.5% | 1.33× | 1.61× | 24.5% |
| FY2020 | 14.1% | 1.23× | 1.42× | 24.6% |
| FY2019 | 7.2% | 1.78× | 1.47× | 18.7% |
| FY2018 | 14.4% | 2.04× | 1.39× | 40.6% |
| FY2017 | 4.2% | 2.29× | 4.69× | 44.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$155.90M
- Cash generatingOperating cash flow above zero$295.28M
- Return on assets improvedROA up on the prior year2.3% → 18.9%
- Earnings backed by cashOperating cash flow above net income$295.28M vs $155.90M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.20 → 2.81
- No dilutionShare count did not rise106M → 100M
- Gross margin improvedGross margin up on the prior year91.19% → 92.78%
- More efficientAsset turnover rose0.87 → 1.10