What is CarGurus, Inc.'s variable lease cost?

CarGurus, Inc. (CARG) reported variable lease cost of $2.28M in Q4 2025.

How has CarGurus, Inc.'s variable lease cost changed year-over-year?

CarGurus, Inc.'s variable lease cost increased by 35.8% year-over-year, from $1.68M to $2.28M.

What does variable lease cost mean?

Represents lease payments that vary based on an index or rate, or other usage-based factors rather than fixed contractual amounts. This metric helps investors understand the flexibility and potential volatility of occupancy-related expenses.

CarGurus, Inc. CARG Variable Lease Cost

Variable Lease Cost at other companies

Kyndryl HoldingsKD

$38M-1.3%

ALH

Alliance Laundry Holdings Inc.ALH

$363.5K-17.0%

The Baldwin Insurance Group, Inc.BWIN

$315.75K-75.6%

VestisVSTS

$3.24M+24.2%

BankUnitedBKU

$868.5K-6.9%

SPS CommerceSPSC

$895K+1.5%

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$2.75B+6.6%

Enterprise value$2.86B+9.6%

P/E18.4×-48.1×

P/S2.9×-0.2×

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

See full

Return on equity46.6%+38.7pp

Debt / equity0.8×+0.3×

Current ratio1.7×-1.0×

Where this comes from

Reported directly by CarGurus, Inc. in its filing.

Tagged under the XBRL concept us-gaap:VariableLeaseCost.

The official record: CarGurus, Inc.’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CarGurus, Inc.'s variable lease cost?: CarGurus, Inc. (CARG) reported variable lease cost of $2.28M in Q4 2025.
How has CarGurus, Inc.'s variable lease cost changed year-over-year?: CarGurus, Inc.'s variable lease cost increased by 35.8% year-over-year, from $1.68M to $2.28M.
What does variable lease cost mean?: Represents lease payments that vary based on an index or rate, or other usage-based factors rather than fixed contractual amounts. This metric helps investors understand the flexibility and potential volatility of occupancy-related expenses.