What is CarGurus, Inc.'s R&D?

CarGurus, Inc. (CARG) reported R&D of $37.67M in Q1 2026.

How has CarGurus, Inc.'s R&D changed year-over-year?

CarGurus, Inc.'s R&D increased by 7.5% year-over-year, from $35.03M to $37.67M.

What is the long-term trend for CarGurus, Inc.'s R&D?

Over 4 years (2021 to 2025), CarGurus, Inc.'s R&D has grown at a 6.5% compound annual growth rate (CAGR), from $106.42M to $137.06M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

CarGurus, Inc. CARG R&D

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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

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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

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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:ResearchAndDevelopmentExpense.

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 R&D?: CarGurus, Inc. (CARG) reported R&D of $37.67M in Q1 2026.
How has CarGurus, Inc.'s R&D changed year-over-year?: CarGurus, Inc.'s R&D increased by 7.5% year-over-year, from $35.03M to $37.67M.
What is the long-term trend for CarGurus, Inc.'s R&D?: Over 4 years (2021 to 2025), CarGurus, Inc.'s R&D has grown at a 6.5% compound annual growth rate (CAGR), from $106.42M to $137.06M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.