CarGurus, Inc. (CARG) stock

CARGNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 20/3025% below fair value

$34.81+0.54 (+1.58%)

Close on Nov 13, 2026Market cap $3.10BP/E 17.6Yield –

Earnings

CarGurus's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 18, 2027

Q4 FY2026 · estimated, after the close

Revenue, Q3 FY2026

$258.00M

+8.1% on a year earlier

Non-GAAP net income from continuing operations per share attributable to common stockholders, Q3 FY2026

$0.70

$0.57 a year earlier

Latest guidance

Issued

Nov 5, 2026 · 6 items

Quarterly results

Revenue and earnings per share from each of CarGurus's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Feb 18, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Nov 5, 2026after the close	$258.00M	+8.1%	$0.59	$0.70	Release
Q2 FY2026ended Jun 30, 2026	Aug 6, 2026after the close	$251.00M	+7.3%	$0.54	$0.66	Release
Q1 FY2026ended Mar 31, 2026	May 7, 2026after the close	$243.56M	+8.2%	$0.34	$0.58	Release
Q4 FY2025ended Dec 31, 2025	Feb 19, 2026after the close	$241.09M	+5.5%	$0.56	$0.63	Release
Q3 FY2025ended Sep 30, 2025	Nov 6, 2025after the close	$238.70M	+3.2%	$0.45	$0.57	Release
Q2 FY2025ended Jun 30, 2025	Aug 7, 2025after the close	$234.00M	+7.0%	$0.22	$0.57	Release
Q1 FY2025ended Mar 31, 2025	May 8, 2025after the close	$225.20M	+4.4%	$0.37	$0.46	Release
Q4 FY2024ended Dec 31, 2024	Feb 20, 2025after the close	$228.50M	+2.4%	$0.43	$0.55	Release
Q3 FY2024ended Sep 30, 2024	Nov 7, 2024after the close	$231.40M	+5.5%	$0.21	$0.45	Release
Q2 FY2024ended Jun 30, 2024	Aug 8, 2024after the close	$218.70M	-8.8%	-$0.66	$0.41	Release
Q1 FY2024ended Mar 31, 2024	May 9, 2024after the close	$215.80M	-7.0%	$0.20	$0.32	Release
Q4 FY2023ended Dec 31, 2023	Feb 26, 2024after the close	$223.10M	-22.2%	-$0.21	$0.35	Release
Q3 FY2023ended Sep 30, 2023	Nov 7, 2023after the close	$219.40M	-48.6%	$0.17	$0.34	Release
Q2 FY2023ended Jun 30, 2023	Aug 9, 2023after the close	$239.70M	-53.1%	$0.12	$0.29	Release
Q1 FY2023ended Mar 31, 2023	May 9, 2023after the close	$232.00M	-46.1%	$0.10	$0.26	Release
Q4 FY2022ended Dec 31, 2022	Feb 28, 2023after the close	$286.70M	-15.5%	$0.20	$0.22	Release
Q3 FY2022ended Sep 30, 2022	Nov 8, 2022after the close	$426.50M	+91.3%	$0.14	$0.21	Release
Q2 FY2022ended Jun 30, 2022	Aug 8, 2022after the close	$511.20M	–	-$0.09	$0.32	Release
Q1 FY2022ended Mar 31, 2022	May 9, 2022after the close	$430.60M	–	-$0.53	$0.36	Release
Q4 FY2021ended Dec 31, 2021	Feb 24, 2022after the close	$339.30M	–	-$0.68	$0.43	Release
Q3 FY2021ended Sep 30, 2021	Nov 9, 2021after the close	$222.90M	–	$0.24	$0.38	Release
Q2 FY2021ended Jun 30, 2021	Aug 5, 2021after the close	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	May 6, 2021after the close	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Feb 11, 2021after the close	–	–	–	–	Filing
Q3 FY2020ended Sep 30, 2020	Nov 5, 2020after the close	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

CarGurus's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Total revenue	Q4 FY2026	$258.50M – $263.50M	–	New	Nov 5, 2026
Non-GAAP Adjusted EBITDA from continuing operationsnon-GAAP	Q4 FY2026	$93.00M – $101.00M	–	New	Nov 5, 2026
Non-GAAP Earnings per Share from continuing operationsnon-GAAP	Q4 FY2026	$0.73 – $0.79	–	New	Nov 5, 2026
Revenue change YoY	FY2026	+10% – +13%	+10% – +13%	Reaffirmed	Aug 6, 2026
Total revenue	FY2026	$1.01B – $1.02B	–	New	Nov 5, 2026
Non-GAAP Adjusted EBITDA from continuing operations margin change YoYnon-GAAP	FY2026	-0.5% – -1.5%	–	New	Aug 6, 2026
Non-GAAP Adjusted EBITDA from continuing operations margin change YoYnon-GAAP	FY2026	-2.5% – -1.5%	–	New	May 7, 2026
Non-GAAP Adjusted EBITDA from continuing operationsnon-GAAP	FY2026	$347.50M – $355.50M	–	New	Nov 5, 2026
Non-GAAP Earnings per Share from continuing operationsnon-GAAP	FY2026	$2.66 – $2.72	–	New	Nov 5, 2026
Non-GAAP Adjusted EBITDA from continuing operations margin change YoYnon-GAAP	FY2026	-2.5% – -1.5%	–	New	Feb 19, 2026

Guidance vs results

The last range CarGurus gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
Q3 FY2026	Non-GAAP Earnings per Share from continuing operations	$0.63 – $0.69	$0.70	Above range
Q3 FY2026	Revenue	$253.50M – $258.50M	$258.00M	Within range
Q2 FY2026	Non-GAAP Earnings per Share from continuing operations	$0.57 – $0.64	$0.66	Above range
Q2 FY2026	Revenue	$247.00M – $252.00M	$251.00M	Within range
Q1 FY2026	Non-GAAP Earnings per Share from continuing operations	$0.52 – $0.58	$0.58	Within range
Q1 FY2026	Revenue	$240.50M – $245.50M	$243.56M	Within range
FY2025	Non-GAAP Earnings per Share	$2.19 – $2.25	$2.23Σ4Q	Within range
FY2025	Revenue	$902.00M – $907.00M	$938.99MΣ4Q	Above range
Q4 FY2025	Non-GAAP Earnings per Share	$0.61 – $0.67	$0.63	Within range
Q4 FY2025	Revenue	$236.00M – $241.00M	$241.09M	Within range
Q3 FY2025	Non-GAAP Earnings per Share	$0.50 – $0.58	$0.57	Within range
Q3 FY2025	Revenue	$228.00M – $233.00M	$238.70M	Above range
Q2 FY2025	Non-GAAP Earnings per Share	$0.52 – $0.58	$0.57	Within range
Q2 FY2025	Revenue	$222.00M – $242.00M	$234.00M	Within range
Q1 FY2025	Non-GAAP EPS	$0.41 – $0.47	$0.46	Within range
Q1 FY2025	Revenue	$216.00M – $236.00M	$225.20M	Within range
Q4 FY2024	Non-GAAP EPS	$0.50 – $0.55	$0.55	Within range
Q4 FY2024	Revenue	$219.00M – $239.00M	$228.50M	Within range
Q3 FY2024	Non-GAAP EPS	$0.38 – $0.44	$0.45	Above range
Q3 FY2024	Revenue	$212.00M – $232.00M	$231.40M	Within range
Q2 FY2024	Non-GAAP EPS	$0.29 – $0.34	$0.41	Above range
Q2 FY2024	Revenue	$202.00M – $222.00M	$218.70M	Within range
Q1 FY2024	Non-GAAP EPS	$0.24 – $0.29	$0.32	Above range
Q1 FY2024	Revenue	$201.00M – $221.00M	$215.80M	Within range
Q4 FY2023	Non-GAAP EPS	$0.30 – $0.33	$0.35	Above range
Q4 FY2023	Revenue	$208.00M – $228.00M	$223.10M	Within range
Q3 FY2023	Non-GAAP EPS	$0.24 – $0.27	$0.34	Above range
Q3 FY2023	Revenue	$201.00M – $221.00M	$219.40M	Within range
Q2 FY2023	Non-GAAP EPS	$0.22 – $0.25	$0.29	Above range
Q2 FY2023	Revenue	$220.00M – $240.00M	$239.70M	Within range
Q1 FY2023	Non-GAAP EPS	$0.17 – $0.19	$0.26	Above range
Q1 FY2023	Revenue	$195.00M – $215.00M	$232.00M	Above range
Q4 FY2022	Non-GAAP EPS	$0.13 – $0.16	$0.22	Above range
Q4 FY2022	Revenue	$270.00M – $300.00M	$286.70M	Within range
Q3 FY2022	Non-GAAP EPS	$0.25 – $0.28	$0.21	Below range
Q3 FY2022	Revenue	$460.00M – $490.00M	$426.50M	Below range
Q2 FY2022	Non-GAAP EPS	$0.26 – $0.29	$0.32	Above range
Q2 FY2022	Revenue	$480.00M – $510.00M	$511.20M	Above range
Q1 FY2022	Non-GAAP EPS	$0.31 – $0.33	$0.36	Above range
Q1 FY2022	Revenue	$390.00M – $410.00M	$430.60M	Above range
Q4 FY2021	Non-GAAP EPS	$0.28 – $0.30	$0.43	Above range
Q4 FY2021	Revenue	$273.00M – $285.00M	$339.30M	Above range

Guidance history

Every forecast CarGurus put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Nov 5, 2026	Non-GAAP Adjusted EBITDA from continuing operations	Q4 FY2026	$93.00M – $101.00M	New
Nov 5, 2026	Non-GAAP Adjusted EBITDA from continuing operations	FY2026	$347.50M – $355.50M	New
Nov 5, 2026	Non-GAAP Earnings per Share from continuing operations	Q4 FY2026	$0.73 – $0.79	New
Nov 5, 2026	Non-GAAP Earnings per Share from continuing operations	FY2026	$2.66 – $2.72	New
Nov 5, 2026	Total revenue	Q4 FY2026	$258.50M – $263.50M	New
Nov 5, 2026	Total revenue	FY2026	$1.01B – $1.02B	New
Aug 6, 2026	Non-GAAP Adjusted EBITDA from continuing operations	Q3 FY2026	$82.00M – $90.00M	New
Aug 6, 2026	Non-GAAP Earnings per Share from continuing operations	Q3 FY2026	$0.63 – $0.69	New
Aug 6, 2026	Non-GAAP Adjusted EBITDA from continuing operations margin change YoY	FY2026	-0.5% – -1.5%	New
Aug 6, 2026	Revenue change YoY	FY2026	+10% – +13%	Reaffirmed
Aug 6, 2026	Total revenue	Q3 FY2026	$253.50M – $258.50M	New
May 7, 2026	Non-GAAP Adjusted EBITDA from continuing operations	Q2 FY2026	$77.50M – $85.50M	New
May 7, 2026	Non-GAAP Earnings per Share from continuing operations	Q2 FY2026	$0.57 – $0.64	New
May 7, 2026	Non-GAAP Adjusted EBITDA from continuing operations margin change YoY	FY2026	-2.5% – -1.5%	New
May 7, 2026	Revenue change YoY	FY2026	+10% – +13%	Reaffirmed
May 7, 2026	Total revenue	Q2 FY2026	$247.00M – $252.00M	New
Feb 19, 2026	Non-GAAP Adjusted EBITDA from continuing operations	Q1 FY2026	$72.00M – $80.00M	New
Feb 19, 2026	Non-GAAP Earnings per Share from continuing operations	Q1 FY2026	$0.52 – $0.58	New
Feb 19, 2026	Non-GAAP Adjusted EBITDA from continuing operations margin change YoY	FY2026	-2.5% – -1.5%	New
Feb 19, 2026	Revenue change YoY	FY2026	+10% – +13%	New
Feb 19, 2026	Total revenue	Q1 FY2026	$240.50M – $245.50M	New
Nov 6, 2025	Non-GAAP Marketplace (U.S. Marketplace Segment and Other) Adjusted EBITDA	FY2025	$313.00M – $321.00M	New
Nov 6, 2025	Non-GAAP Marketplace (U.S. Marketplace Segment and Other) Adjusted EBITDA	Q4 FY2025	$83.00M – $91.00M	New
Nov 6, 2025	Non-GAAP Earnings per Share	FY2025	$2.19 – $2.25	New
Nov 6, 2025	Non-GAAP Earnings per Share	Q4 FY2025	$0.61 – $0.67	New
Nov 6, 2025	Marketplace Revenue	FY2025	$902.00M – $907.00M	New
Nov 6, 2025	Marketplace Revenue	Q4 FY2025	$236.00M – $241.00M	New
Aug 7, 2025	Non-GAAP Marketplace (U.S. Marketplace Segment and Other) Adjusted EBITDA	Q3 FY2025	$76.50M – $84.50M	New
Aug 7, 2025	Non-GAAP Earnings per Share	Q3 FY2025	$0.50 – $0.58	New
Aug 7, 2025	Marketplace Revenue	Q3 FY2025	$228.00M – $233.00M	New
May 8, 2025	Non-GAAP Adjusted EBITDA	Q2 FY2025	$71.50M – $79.50M	New
May 8, 2025	Non-GAAP Earnings per Share	Q2 FY2025	$0.52 – $0.58	New
May 8, 2025	Total Revenue	Q2 FY2025	$222.00M – $242.00M	New
May 8, 2025	Marketplace Revenue	Q2 FY2025	$219.50M – $224.50M	Lowered
Feb 20, 2025	Non-GAAP Consolidated Adjusted EBITDA	Q1 FY2025	$60.00M – $68.00M	New
Feb 20, 2025	Non-GAAP EPS	Q1 FY2025	$0.41 – $0.47	New
Feb 20, 2025	Total revenue	Q1 FY2025	$216.00M – $236.00M	New
Feb 20, 2025	Marketplace revenue	Q1 FY2025	$209.00M – $214.00M	Lowered
Nov 7, 2024	Non-GAAP Consolidated Adjusted EBITDA	Q4 FY2024	$72.00M – $80.00M	New
Nov 7, 2024	Non-GAAP Consolidated Adjusted EBITDA	FY2024	$243.00M – $251.00M	New
Nov 7, 2024	Non-GAAP EPS	Q4 FY2024	$0.50 – $0.55	New
Nov 7, 2024	Non-GAAP EPS	FY2024	$1.67 – $1.73	New
Nov 7, 2024	Total Revenue	Q4 FY2024	$219.00M – $239.00M	New
Nov 7, 2024	Marketplace Revenue	Q4 FY2024	$208.00M – $213.00M	Lowered
Nov 7, 2024	Total Revenue	FY2024	$885.00M – $905.00M	New
Nov 7, 2024	Marketplace Revenue	FY2024	$794.00M – $799.00M	Lowered
Aug 8, 2024	Non-GAAP Consolidated Adjusted EBITDA	Q3 FY2024	$56.00M – $64.00M	New
Aug 8, 2024	Non-GAAP EPS	Q3 FY2024	$0.38 – $0.44	New
Aug 8, 2024	Total Revenue	Q3 FY2024	$212.00M – $232.00M	New
Aug 8, 2024	Marketplace Revenue	Q3 FY2024	$199.00M – $204.00M	Lowered
May 9, 2024	Non-GAAP Consolidated Adjusted EBITDA	Q2 FY2024	$47.00M – $55.00M	New
May 9, 2024	Non-GAAP EPS	Q2 FY2024	$0.29 – $0.34	New
May 9, 2024	Total Revenue	Q2 FY2024	$202.00M – $222.00M	New
May 9, 2024	Marketplace Revenue	Q2 FY2024	$189.00M – $194.00M	Lowered
Feb 26, 2024	Non-GAAP Consolidated Adjusted EBITDA	Q1 FY2024	$41.00M – $49.00M	New
Feb 26, 2024	Non-GAAP EPS	Q1 FY2024	$0.24 – $0.29	New
Feb 26, 2024	Marketplace revenue	Q1 FY2024	$182.00M – $187.00M	New
Feb 26, 2024	Total revenue	Q1 FY2024	$201.00M – $221.00M	New
Nov 7, 2023	Non-GAAP Consolidated Adjusted EBITDA	Q4 FY2023	$46.00M – $54.00M	New
Nov 7, 2023	Non-GAAP Consolidated Adjusted EBITDA	FY2023	$181.00M – $189.00M	New
Nov 7, 2023	Non-GAAP EPS	Q4 FY2023	$0.30 – $0.33	New
Nov 7, 2023	Non-GAAP EPS	FY2023	$1.19 – $1.22	New
Nov 7, 2023	Product revenue	Q4 FY2023	$12.00M – $22.00M	New
Nov 7, 2023	Product revenue	FY2023	$108.00M – $118.00M	New
Nov 7, 2023	Total revenue	Q4 FY2023	$208.00M – $228.00M	New
Nov 7, 2023	Total revenue	FY2023	$899.00M – $919.00M	New
Aug 9, 2023	Non-GAAP Consolidated Adjusted EBITDA	Q3 FY2023	$36.00M – $44.00M	New
Aug 9, 2023	Non-GAAP EPS	Q3 FY2023	$0.24 – $0.27	New
Aug 9, 2023	Total revenue	Q3 FY2023	$201.00M – $221.00M	New
Aug 9, 2023	Product revenue	Q3 FY2023	$15.00M – $25.00M	Lowered
May 9, 2023	Non-GAAP Consolidated Adjusted EBITDA	Q2 FY2023	$34.00M – $42.00M	New
May 9, 2023	Non-GAAP EPS	Q2 FY2023	$0.22 – $0.25	New
May 9, 2023	Total revenue	Q2 FY2023	$220.00M – $240.00M	New
May 9, 2023	Product revenue	Q2 FY2023	$26.00M – $36.00M	Lowered
Feb 28, 2023	Non-GAAP Consolidated Adjusted EBITDA	Q1 FY2023	$19.00M – $27.00M	New
Feb 28, 2023	Non-GAAP EPS	Q1 FY2023	$0.17 – $0.19	New
Feb 28, 2023	Product revenue	Q1 FY2023	$21.00M – $31.00M	New
Feb 28, 2023	Total revenue	Q1 FY2023	$195.00M – $215.00M	New
Nov 8, 2022	Non-GAAP Consolidated Adjusted EBITDA	Q4 FY2022	$6.00M – $14.00M	New
Nov 8, 2022	Non-GAAP Consolidated Adjusted EBITDA	FY2022	$166.00M – $174.00M	New
Nov 8, 2022	Non-GAAP EPS	Q4 FY2022	$0.13 – $0.16	New
Nov 8, 2022	Non-GAAP EPS	FY2022	$1.02 – $1.05	New
Nov 8, 2022	Total Revenue	Q4 FY2022	$270.00M – $300.00M	New
Nov 8, 2022	Instant Max Cash Offer Revenue	Q4 FY2022	$65.00M – $85.00M	Lowered
Nov 8, 2022	Total Revenue	FY2022	$1.64B – $1.67B	New
Nov 8, 2022	Instant Max Cash Offer Revenue	FY2022	$667.00M – $687.00M	Lowered
Aug 8, 2022	Non-GAAP Consolidated Adjusted EBITDA	Q3 FY2022	$44.50M – $52.50M	New
Aug 8, 2022	Non-GAAP EPS	Q3 FY2022	$0.25 – $0.28	New
Aug 8, 2022	Total revenue	Q3 FY2022	$460.00M – $490.00M	New
May 9, 2022	Non-GAAP EPS	Q2 FY2022	$0.26 – $0.29	New
May 9, 2022	Non-GAAP operating income	Q2 FY2022	$44.00M – $52.00M	New
May 9, 2022	Total revenue	Q2 FY2022	$480.00M – $510.00M	New
Feb 24, 2022	Non-GAAP EPS	Q1 FY2022	$0.31 – $0.33	New
Feb 24, 2022	Non-GAAP operating income	Q1 FY2022	$59.00M – $65.00M	New
Feb 24, 2022	Total revenue	Q1 FY2022	$390.00M – $410.00M	New
Nov 9, 2021	Non-GAAP EPS	Q4 FY2021	$0.28 – $0.30	New
Nov 9, 2021	Non-GAAP EPS	FY2021	$1.41 – $1.43	New
Nov 9, 2021	Non-GAAP operating income	Q4 FY2021	$44.00M – $50.00M	New
Nov 9, 2021	Non-GAAP operating income	FY2021	$224.40M – $230.40M	New
Nov 9, 2021	Total revenue	Q4 FY2021	$273.00M – $285.00M	New
Nov 9, 2021	Total revenue	FY2021	$885.00M – $897.00M	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.