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CarGurus, Inc. CARG Gross Profit

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Other financials

Income statement

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Revenue$251.0M+13.1%
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

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Market cap$3.28B+4.3%
Enterprise value$3.34B+7.6%
P/E18.7×-5.6×
P/S3.4×-0.3×

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×

Where this comes from

Calculated from CarGurus, Inc.’s reported figures.

The source filing: CarGurus, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338067
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$250,971$221,998$494,526$434,233
Cost of revenue(1)(2)19,87315,67738,80730,020
Gross profit231,098206,321455,719404,213
Operating expenses
Sales and marketing97,63582,587195,119166,256
Product, technology, and development38,13733,72575,80868,753
General and administrative28,20925,26654,69050,051
Impairments45049919,651499

Item 1. Financial Statements.

FAQ

What is CarGurus, Inc.'s gross profit?
CarGurus, Inc. (CARG) reported gross profit of $231.1M in Q2 2026.
How has CarGurus, Inc.'s gross profit changed year-over-year?
CarGurus, Inc.'s gross profit increased by 12.0% year-over-year, from $206.32M to $231.1M.
What is the long-term trend for CarGurus, Inc.'s gross profit?
Over 4 years (2021 to 2025), CarGurus, Inc.'s gross profit has grown at a 6.1% compound annual growth rate (CAGR), from $657.36M to $833.3M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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