What are CarGurus, Inc.'s profit margins?

CarGurus, Inc. (CARG) runs a 90.2% gross margin and a 25.4% operating margin, with a 15.9% net margin.

Where do CarGurus, Inc.'s ratios come from?

Every ratio is computed from CarGurus, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

CarGurus, Inc. CARG Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	90.2%+4.0pp	90.3%+7.9pp	90.5%-12.9pp	87.4%-14.8pp	86.2%-9.9pp
Operating margin	25.4%+3.4pp	27.5%+7.8pp	37.3%+33.0pp	35.3%+31.8pp	22.1%+1.8pp
Net margin	15.9%+11.2pp	17.2%+14.6pp	17.3%—	15.3%—	4.7%—
Returns
Return on equity	46.6%+38.7pp	34%+30.4pp	35.4%—	29.2%—	8%—
Return on invested capital	47.5%+17.4pp	48%+22.7pp	62.7%+66.3pp	56.1%+61.5pp	30.1%+23.0pp
Efficiency
Asset turnover	1.6×+0.5×	1.2×+0.3×	1.2×+0.6×	1.1×+0.5×	1.1×+0.4×
Liquidity
Current ratio	1.7×-1.0×	2.8×-1.4×	2.9×-0.1×	3.2×+0.6×	2.7×-0.1×
Leverage
Debt-to-equity	0.8×+0.3×	0.5×+0.2×	0.5×+0.1×	0.4×0.0×	0.5×+0.1×
Net debt / EBITDA	0.4×+0.3×	0×+0.6×	0×—	-0.1×—	0.1×+0.7×
Per Share
Book value per share	$2.49-34.8%	$3.87-24.2%	$3.76-18.2%	$4.35+1.2%	$3.83-26.9%
Valuation
Market capitalization	$3.24B+6.6%	$3.66B-3.4%	$3.7B+19.0%	$3.29B+20.6%	$3.04B+22.7%
Price / earnings	21.7×-56.8×	23.5×-157×	24.3×—	25.4×—	78.6×—
Price / sales	3.5×-0.2×	4×-0.7×	4.2×-1.0×	3.9×-0.6×	3.7×-0.1×
Price / book	13.7×+6.1×	9.8×+2.8×	9.8×+3.4×	7.6×+1.5×	7.6×+3.2×
EV / EBITDA	12.5×-2.3×	13.2×-7.0×	10.5×—	10×—	14.9×-10.6×

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Questions, answered.

What are CarGurus, Inc.'s profit margins?: CarGurus, Inc. (CARG) runs a 90.2% gross margin and a 25.4% operating margin, with a 15.9% net margin.
Where do CarGurus, Inc.'s ratios come from?: Every ratio is computed from CarGurus, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.