What is CarGurus, Inc.'s inventory turnover?

CarGurus, Inc. (CARG) reported inventory turnover of 150.4× in Q2 2025.

How has CarGurus, Inc.'s inventory turnover changed year-over-year?

CarGurus, Inc.'s inventory turnover decreased by 62.0% year-over-year, from 395.8× to 150.4×.

What is the long-term trend for CarGurus, Inc.'s inventory turnover?

Over 2 years (2022 to 2024), CarGurus, Inc.'s inventory turnover has grown at a 128.8% compound annual growth rate (CAGR), from 80× to 418.7×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

CarGurus, Inc. CARG Inventory turnover

Inventory turnover at other companies

CarvanaCVNA

8.6×-0.1×

Sonic AutomotiveSAH

6.4×-0.5×

Asbury Automotive GroupABG

7.6×-0.2×

Xometry, Inc.XMTR

117.9×+16.8×

CarMaxKMX

6.1×-0.3×

Penske Automotive GroupPAG

5.7×-0.4×

Other financials

Income statement

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Revenue$243.6M+14.8%

Gross profit$224.6M+13.5%

Operating income$40.1M-20.9%

Net income$32.2M-17.5%

EPS (diluted)$0.34-8.1%

Balance sheet

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Cash & equivalents$72.0M-58.3%

Total debt$188.0M-3.8%

Total equity$237.1M-41.0%

Total assets$519.6M-24.6%

Cash flow

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Operating cash flow$69.8M+2.9%

CapEx$391.0K-82.5%

Free cash flow$69.5M+5.8%

Valuation

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Market cap$2.81B-11.3%

Enterprise value$2.93B-8.3%

P/E18.9×-63.1×

P/S3×-0.9×

Profitability

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Gross margin90.2%+4.0pp

Operating margin25.4%+3.4pp

Net margin15.9%+11.2pp

FCF margin31.2%+4.1pp

Returns & leverage

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Return on equity46.6%+38.7pp

Debt / equity0.8×+0.3×

Current ratio1.7×-1.0×

Where this comes from

Calculated from CarGurus, Inc.’s reported figures.

total cost of revenue/inventories=150.4×

Based on trailing twelve months.

The official record: CarGurus, Inc.’s 10-Q, filed August 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is CarGurus, Inc.'s inventory turnover?: CarGurus, Inc. (CARG) reported inventory turnover of 150.4× in Q2 2025.
How has CarGurus, Inc.'s inventory turnover changed year-over-year?: CarGurus, Inc.'s inventory turnover decreased by 62.0% year-over-year, from 395.8× to 150.4×.
What is the long-term trend for CarGurus, Inc.'s inventory turnover?: Over 2 years (2022 to 2024), CarGurus, Inc.'s inventory turnover has grown at a 128.8% compound annual growth rate (CAGR), from 80× to 418.7×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.