What is CarGurus, Inc.'s net debt?

CarGurus, Inc. (CARG) reported net debt of $115.95M in Q1 2026.

How has CarGurus, Inc.'s net debt changed year-over-year?

CarGurus, Inc.'s net debt increased by 413.7% year-over-year, from $22.57M to $115.95M.

What is the long-term trend for CarGurus, Inc.'s net debt?

Over 5 years (2020 to 2025), CarGurus, Inc.'s net debt has grown at a -69.6% compound annual growth rate (CAGR), from -$120.4M to $315K.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

CarGurus, Inc. CARG Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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HES

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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

See full

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$2.75B+6.6%

Enterprise value$2.86B+9.6%

P/E18.4×-48.1×

P/S2.9×-0.2×

Profitability

See full

Gross margin90.2%+4.0pp

Operating margin25.4%+3.4pp

Net margin15.9%+11.2pp

FCF margin31.2%+4.1pp

Returns & leverage

See full

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.

$188.0Mtotal debt−$72.0Mcash and equivalents=$115.95M

The official record: CarGurus, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CarGurus, Inc.'s net debt?: CarGurus, Inc. (CARG) reported net debt of $115.95M in Q1 2026.
How has CarGurus, Inc.'s net debt changed year-over-year?: CarGurus, Inc.'s net debt increased by 413.7% year-over-year, from $22.57M to $115.95M.
What is the long-term trend for CarGurus, Inc.'s net debt?: Over 5 years (2020 to 2025), CarGurus, Inc.'s net debt has grown at a -69.6% compound annual growth rate (CAGR), from -$120.4M to $315K.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.