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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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%—	17.2%—	17.3%—	——	——
EBITDA margin	28.5%+3.5pp	30.6%+7.7pp	40.5%+40.6pp	38.3%+40.4pp	25%+10.5pp
Free cash flow margin	31.2%—	31.9%—	31.1%—	——	——
Returns
Return on equity	46.6%—	34%—	35.4%—	——	——
Return on assets	24.7%—	21%—	21.1%—	——	——
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×
Quick ratio	1.7×-1.0×	2.8×-1.4×	2.9×-0.1×	3.2×+0.6×	2.7×-0.1×
Cash ratio	0.7×-1.1×	1.9×-1.4×	1.9×-0.3×	2.4×+0.4×	1.8×-0.3×
Leverage
Debt-to-equity	0.8×+0.3×	0.5×+0.2×	0.5×+0.1×	0.4×0.0×	0.5×+0.1×
Debt-to-assets	0.4×+0.1×	0.3×+0.1×	0.3×+0.1×	0.3×0.0×	0.3×+0.1×
Net debt / EBITDA	0.4×—	0×—	0×—	——	——
Interest coverage	284.6×+10.8×	422.6×+219×	502.6×+544×	385×+471×	273.8×—
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%
Enterprise value	$3.36B+9.6%	$3.66B-0.5%	$3.71B+21.8%	$3.26B+20.3%	$3.06B+26.4%
Price / earnings	21.7×—	23.5×—	24.3×—	——	——
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×—	13.2×—	10.5×—	——	——
EV / sales	3.6×-0.1×	4×-0.6×	4.2×-0.9×	3.8×-0.6×	3.7×0.0×
Free cash flow yield	9%—	7.9%—	7.4%—	——	——
Earnings yield	4.6%—	4.3%—	4.1%—	——	——

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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.