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 –
CarGurus r&d expenses
Research and development expenses are spending on new products and technology.
CarGurus's R&D Expenses for the twelve months ending Sep 30, 2026 was $149.69M, up 12.2% year over year. For fiscal 2025 it was $138.28M, down 0.5% from the year before. Over ten years it grew 32.6% a year on average. The highest annual figure on record is $139.01M in fiscal 2024.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $138.28M | -0.5% |
| FY2024 | Dec 31, 2024 | $139.01M | +1.7% |
| FY2023 | Dec 31, 2023 | $136.76M | +10.5% |
| FY2022 | Dec 31, 2022 | $123.77M | +16.3% |
| FY2021 | Dec 31, 2021 | $106.42M | +24.1% |
| FY2020 | Dec 31, 2020 | $85.73M | +23.4% |
| FY2019 | Dec 31, 2019 | $69.46M | +45.1% |
| FY2018 | Dec 31, 2018 | $47.87M | +113.0% |
| FY2017 | Dec 31, 2017 | $22.47M | +96.2% |
| FY2016 | Dec 31, 2016 | $11.45M | +39.1% |
| FY2015 | Dec 31, 2015 | $8.24M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $38.49M | +12.8% |
| Q2 FY2026 | Jun 30, 2026 | $38.14M | +13.1% |
| Q1 FY2026 | Mar 31, 2026 | $37.67M | +7.5% |
| Q4 FY2025 | Dec 31, 2025 | $35.39M | +15.9% |
| Q3 FY2025 | Sep 30, 2025 | $34.14M | -6.1% |
| Q2 FY2025 | Jun 30, 2025 | $33.73M | -7.8% |
| Q1 FY2025 | Mar 31, 2025 | $35.03M | -1.5% |
| Q4 FY2024 | Dec 31, 2024 | $30.53M | +11.7% |
| Q3 FY2024 | Sep 30, 2024 | $36.36M | +2.6% |
| Q2 FY2024 | Jun 30, 2024 | $36.58M | -2.2% |
| Q1 FY2024 | Mar 31, 2024 | $35.55M | -2.9% |
| Q4 FY2023 | Dec 31, 2023 | $27.32M | -13.4% |
| Q3 FY2023 | Sep 30, 2023 | $35.43M | +17.3% |
| Q2 FY2023 | Jun 30, 2023 | $37.39M | +19.3% |
| Q1 FY2023 | Mar 31, 2023 | $36.61M | +19.4% |
| Q4 FY2022 | Dec 31, 2022 | $31.55M | +16.5% |
| Q3 FY2022 | Sep 30, 2022 | $30.21M | +13.8% |
| Q2 FY2022 | Jun 30, 2022 | $31.35M | +13.5% |
| Q1 FY2022 | Mar 31, 2022 | $30.65M | +21.8% |
| Q4 FY2021 | Dec 31, 2021 | $27.09M | +35.5% |
| Q3 FY2021 | Sep 30, 2021 | $26.54M | +27.8% |
| Q2 FY2021 | Jun 30, 2021 | $27.63M | +26.2% |
| Q1 FY2021 | Mar 31, 2021 | $25.16M | +9.0% |
| Q4 FY2020 | Dec 31, 2020 | $20.00M | +8.7% |
| Q3 FY2020 | Sep 30, 2020 | $20.76M | +17.0% |
| Q2 FY2020 | Jun 30, 2020 | $21.89M | +26.2% |
| Q1 FY2020 | Mar 31, 2020 | $23.08M | +44.5% |
| Q4 FY2019 | Dec 31, 2019 | $18.40M | +30.0% |
| Q3 FY2019 | Sep 30, 2019 | $17.75M | +38.9% |
| Q2 FY2019 | Jun 30, 2019 | $17.35M | +46.5% |
| Q1 FY2019 | Mar 31, 2019 | $15.97M | +75.6% |
| Q4 FY2018 | Dec 31, 2018 | $14.15M | +70.2% |
| Q3 FY2018 | Sep 30, 2018 | $12.77M | +120.3% |
| Q2 FY2018 | Jun 30, 2018 | $11.84M | +151.5% |
| Q1 FY2018 | Mar 31, 2018 | $9.10M | +149.4% |
| Q4 FY2017 | Dec 31, 2017 | $8.32M | +150.6% |
| Q3 FY2017 | Sep 30, 2017 | $5.80M | – |
| Q2 FY2017 | Jun 30, 2017 | $4.71M | – |
| Q1 FY2017 | Mar 31, 2017 | $3.65M | – |
| Q4 FY2016 | Dec 31, 2016 | $3.32M | – |
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