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CarGurus, Inc. CARG Q2 2026 earnings

Reported August 6, 2026 · After market close

Revenue$251.0MBeat by $1.1M
EPS$0.66Beat by $0.05
Revenue estimate$249.9M
EPS estimate$0.61
“We delivered strong second-quarter results, with 13% year-over-year revenue growth and continued momentum in our International business. We expanded the use of data and predictive intelligence in dealer workflows through our AI-powered products and solutions. At the same time, this quarter we introduced Guru, our consumer-facing AI layer that advances our broader strategy of becoming a trusted, AI-led expert consumer guide across the full car-shopping journey. Together, our dealer and consumer initiatives have been driving deeper engagement, which we believe strengthens our competitive position and creates durable long-term value for our customers and stockholders.”
Jason Trevisan

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$256.4M
EPS estimate$0.66

Financials

Q2 2026

Income statement

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Revenue$251.0M+13.1%
Gross profit$231.1M+12.0%
Operating income$63.0M+4.0%
Net income$49.2M+120%
EPS (diluted)$0.54+145%

Balance sheet

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Cash & equivalents$122.1M-47.2%
Total debt$185.1M-5.2%
Total equity$264.4M-39.3%
Total assets$555.1M-23.5%

Cash flow

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Operating cash flow$94.6M+29.4%
CapEx$562.0K-64.5%
Free cash flow$94.0M+31.4%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$3.12B-13.4%
Enterprise value$3.18B-10.8%
P/E17.7×-10.0×
P/S3.2×-1.0×

Profitability

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Gross margin91.5%+2.4pp
Operating margin28.6%-10.9pp
Net margin18.2%+2.9pp
FCF margin32.6%+3.3pp

Returns & leverage

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Return on equity50.3%+21.0pp
Debt / equity0.7×+0.3×
Current ratio1.8×-1.3×

FAQ

When did CarGurus, Inc. report Q2 2026 earnings?
CarGurus, Inc. (CARG) reported Q2 2026 earnings on August 6, 2026 after market close.
What were CarGurus, Inc.'s Q2 2026 revenue and EPS?
CarGurus, Inc. reported revenue of $251.0M and eps of $0.66 for Q2 2026.
Did CarGurus, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $249.9M by $1.1M. EPS beat the consensus estimate of $0.61 by $0.05.
How did CarGurus, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.2% from $234.0M a year earlier and eps grew 15.8% from $0.57.
Where can I find CarGurus, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-338014) and the 10-Q periodic report (0001193125-26-338067) directly on SEC EDGAR. The filing index links above go to sec.gov.