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 20/3026% below fair value
$34.27−0.54 (-1.55%)
Close on Nov 12, 2026Market cap $3.05BP/E 17.3Yield –
CarGurus gross margin
Gross margin is gross profit as a percentage of revenue.
CarGurus's gross margin for the twelve months ending Sep 30, 2026 was 92.1%. For fiscal 2025 it was 92.8%, against 91.2% the year before. The highest annual figure on record is 95.7% in fiscal 2015.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 92.8% | +1.6 |
| FY2024 | Dec 31, 2024 | 91.2% | +0.0 |
| FY2023 | Dec 31, 2023 | 91.2% | +51.4 |
| FY2022 | Dec 31, 2022 | 39.7% | −29.4 |
| FY2021 | Dec 31, 2021 | 69.1% | −23.2 |
| FY2020 | Dec 31, 2020 | 92.3% | −1.6 |
| FY2019 | Dec 31, 2019 | 93.8% | −0.7 |
| FY2018 | Dec 31, 2018 | 94.5% | +0.1 |
| FY2017 | Dec 31, 2017 | 94.4% | −0.7 |
| FY2016 | Dec 31, 2016 | 95.2% | −0.5 |
| FY2015 | Dec 31, 2015 | 95.7% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 91.8% | −0.9 |
| Q2 FY2026 | Jun 30, 2026 | 92.1% | −0.9 |
| Q1 FY2026 | Mar 31, 2026 | 92.2% | −1.0 |
| Q4 FY2025 | Dec 31, 2025 | 92.3% | −0.9 |
| Q3 FY2025 | Sep 30, 2025 | 92.7% | +4.9 |
| Q2 FY2025 | Jun 30, 2025 | 92.9% | +0.7 |
| Q1 FY2025 | Mar 31, 2025 | 93.2% | +1.7 |
| Q4 FY2024 | Dec 31, 2024 | 93.3% | −2004.7 |
| Q3 FY2024 | Sep 30, 2024 | 87.7% | +12.9 |
| Q2 FY2024 | Jun 30, 2024 | 92.2% | +23.7 |
| Q1 FY2024 | Mar 31, 2024 | 91.6% | +24.7 |
| Q4 FY2023 | Dec 31, 2023 | 2097.9% | +2050.2 |
| Q3 FY2023 | Sep 30, 2023 | 74.9% | +39.5 |
| Q2 FY2023 | Jun 30, 2023 | 68.5% | +31.7 |
| Q1 FY2023 | Mar 31, 2023 | 66.8% | +24.6 |
| Q4 FY2022 | Dec 31, 2022 | 47.8% | −5.2 |
| Q3 FY2022 | Sep 30, 2022 | 35.4% | −37.7 |
| Q2 FY2022 | Jun 30, 2022 | 36.7% | −40.1 |
| Q1 FY2022 | Mar 31, 2022 | 42.2% | −43.7 |
| Q4 FY2021 | Dec 31, 2021 | 53.0% | −39.5 |
| Q3 FY2021 | Sep 30, 2021 | 73.1% | −20.3 |
| Q2 FY2021 | Jun 30, 2021 | 76.9% | −12.7 |
| Q1 FY2021 | Mar 31, 2021 | 86.0% | −6.7 |
| Q4 FY2020 | Dec 31, 2020 | 92.4% | −0.9 |
| Q3 FY2020 | Sep 30, 2020 | 93.4% | −0.4 |
| Q2 FY2020 | Jun 30, 2020 | 89.6% | −4.5 |
| Q1 FY2020 | Mar 31, 2020 | 92.6% | −1.7 |
| Q4 FY2019 | Dec 31, 2019 | 93.3% | −1.2 |
| Q3 FY2019 | Sep 30, 2019 | 93.8% | −0.9 |
| Q2 FY2019 | Jun 30, 2019 | 94.1% | −0.5 |
| Q1 FY2019 | Mar 31, 2019 | 94.3% | −0.1 |
| Q4 FY2018 | Dec 31, 2018 | 94.6% | +0.3 |
| Q3 FY2018 | Sep 30, 2018 | 94.6% | +0.3 |
| Q2 FY2018 | Jun 30, 2018 | 94.6% | +0.3 |
| Q1 FY2018 | Mar 31, 2018 | 94.4% | −0.7 |
| Q4 FY2017 | Dec 31, 2017 | 94.2% | −1.0 |
| Q3 FY2017 | Sep 30, 2017 | 94.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 94.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 95.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 95.2% | – |
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