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CarGurus, Inc. CARG Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$238.7MMiss by $376.2K
EPS$0.57Beat by $0.02
Revenue estimate$239.1M
EPS estimate$0.55

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$249.9M
EPS estimate$0.62

Financials

Q3 2025

Income statement

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Revenue$231.7M+13.2%
Gross profit$206.5M+32.6%
Operating income$54.7M+99.3%
Net income$44.7M+98.6%
EPS (diluted)$0.45+114%

Balance sheet

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Cash & equivalents$178.8M-27.5%
Total debt$193.3M+2.4%
Total equity$375.4M-22.3%
Total assets$660.5M-15.1%

Cash flow

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Operating cash flow$71.2M+26.6%
CapEx$1.4M-86.8%
Free cash flow$69.8M+52.0%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$3.7B+19.0%
Enterprise value$3.71B+21.8%
P/E24.3×—
P/S4.2×-1.0×

Profitability

See full
Gross margin90.5%-12.9pp
Operating margin37.3%+33.0pp
Net margin17.3%—
FCF margin31.1%—

Returns & leverage

See full
Return on equity35.4%—
Debt / equity0.5×+0.1×
Current ratio2.9×-0.1×

Versus estimates

Revenue

Q1 2026$243.6MBeat by $456.5KQ4 2025$241.1MBeat by $2.0M
Q3 2025$238.7MMiss by $376.2K
Q2 2025$234.0MBeat by $1.8MQ1 2025$225.2MMiss by $7.9MQ4 2024$228.5MMiss by $3.2M

Diluted EPS

Q1 2026$0.58Beat by $0.02Q4 2025$0.63Beat by $0.02
Q3 2025$0.57Beat by $0.02
Q2 2025$0.57Beat by $0.03Q1 2025$0.46Beat by $0.04Q4 2024$0.55Beat by $0.05

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Questions, answered.

When did CarGurus, Inc. report Q3 2025 earnings?
CarGurus, Inc. (CARG) reported Q3 2025 earnings on November 6, 2025 after market close.
What were CarGurus, Inc.'s Q3 2025 revenue and EPS?
CarGurus, Inc. reported revenue of $238.7M and eps of $0.57 for Q3 2025.
Did CarGurus, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $239.1M by $376.2K. EPS beat the consensus estimate of $0.55 by $0.02.
How did CarGurus, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.2% from $231.4M a year earlier and eps grew 26.7% from $0.45.
Where can I find CarGurus, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-269539) and the 10-Q periodic report (0001193125-25-269604) directly on SEC EDGAR. The filing index links above go to sec.gov.