What is CarGurus, Inc.'s earnings per share (EPS)?

CarGurus, Inc. (CARG) reported diluted earnings per share of $1.55 for fiscal year 2025. This represents a 675.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

CarGurus, Inc. (CARG) Financials

CARG

Trailing 12 months to June 30, 2026

Revenue $967.3M +13.9% YoY

Net Income $175.9M +35.6% YoY

EPS (Diluted) $1.84 +49.6% YoY

Free Cash Flow $315.2M +26.8% YoY

Market Cap $2.6B as of Oct 13, 2026

Price / Sales 2.7x on $967.3M revenue, trailing 12 months to June 30, 2026

Price / Earnings 14.8x on $175.9M net income, trailing 12 months to June 30, 2026

Price / Book 9.9x on $264.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CARG SEC filings page.

CarGurus, Inc. (CARG) reported $967.3M in revenue over the twelve months to Jun 30, 2026, up 13.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CARG FY2025 2026-10-03

CarGurus now resembles a high-margin, cash-generating business, but its sharper profit improvement followed a major capital return to shareholders.

The business changed shape after FY2022: revenue recovered from $698M in FY2023 to $907M in FY2025 while gross margin stayed near 92.8%, suggesting the current economics reflect a materially different revenue mix or cost structure rather than simple scale. Operating margin also reached 27.0%, so more of each dollar is reaching operating profit than in FY2022, when it was 6.6%.

Cash conversion is unusually favorable in FY2025: operating cash flow of $295M was nearly twice net income of $156M, while free cash flow reached $289M despite only $6M of capital spending. That gap indicates reported earnings understated the cash produced during the year, although working-capital movements may contribute.

The balance sheet became smaller without adding long-term debt: assets fell to $662M from $825M in FY2024 while the company repurchased $352M of shares. This links the lower equity balance to capital returns rather than borrowing, though current liquidity narrowed from a 4.2x current ratio to 2.8x.

Financial Health Signals

Financial Health Score 83/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of CarGurus, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

CarGurus, Inc. has an operating margin of 27.0%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 81/100, reflecting efficient cost management and pricing power. This is up from 19.7% the prior year.

Growth

CarGurus, Inc.'s revenue grew 13.7% year-over-year to $907.0M, a solid pace of expansion. This earns a growth score of 73/100.

Leverage

CarGurus, Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.81, CarGurus, Inc. holds $2.81 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.

Cash Flow

CarGurus, Inc. converts 31.9% of revenue into free cash flow ($288.9M). This strong cash generation earns a score of 91/100.

Returns

CarGurus, Inc. earns a strong 41.7% return on equity (ROE), meaning it generates $42 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 84/100. This is up from 3.9% the prior year.

Altman Z-Score Safe

9.13

CarGurus, Inc. scores 9.13, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.6B) relative to total liabilities ($287.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

CarGurus, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.89x

For every $1 of reported earnings, CarGurus, Inc. generates $1.89 in operating cash flow ($295.3M OCF vs $155.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$251.0M

YoY+13.1%

QoQ+3.0%

5Y CAGR+2.9%

10Y CAGR+18.6%

CarGurus, Inc. generated $251.0M in revenue in Q2 2026. This represents an increase of 13.1% from the same quarter a year earlier. Against the prior quarter it is up 3.0%.

EBITDA

$66.7M

YoY+3.8%

QoQ+41.1%

CarGurus, Inc.'s EBITDA was $66.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 41.1%.

Net Income

$49.2M

YoY+120.2%

QoQ+52.6%

5Y CAGR+11.9%

10Y CAGR+68.4%

CarGurus, Inc. reported $49.2M in net income in Q2 2026. This represents an increase of 120.2% from the same quarter a year earlier. Against the prior quarter it is up 52.6%.

EPS (Diluted)

$0.54

YoY+145.5%

QoQ+58.8%

5Y CAGR+18.6%

CarGurus, Inc. earned $0.54 per diluted share (EPS) in Q2 2026. This represents an increase of 145.5% from the same quarter a year earlier. Against the prior quarter it is up 58.8%.

Cash & Balance Sheet

Free Cash Flow

$94.0M

YoY+31.4%

QoQ+35.4%

5Y CAGR+22.5%

CarGurus, Inc. generated $94.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 31.4% from the same quarter a year earlier. Against the prior quarter it is up 35.4%.

Cash & Debt

$122.1M

YoY-47.2%

QoQ+69.5%

5Y CAGR-7.9%

CarGurus, Inc. held $122.1M in cash against $0 in long-term debt as of Q2 2026.

Shares Outstanding

Diluted avg 91M

CarGurus, Inc. had a weighted average of 91M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

92.1%

YoY-0.9pp

QoQ-0.2pp

5Y change+15.2pp

10Y change-3.2pp

CarGurus, Inc.'s gross margin was 92.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Operating Margin

25.1%

YoY-2.2pp

QoQ+8.6pp

CarGurus, Inc.'s operating margin was 25.1% in Q2 2026, reflecting core business profitability. This is down 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.6 percentage points.

Net Margin

19.6%

YoY+9.5pp

QoQ+6.4pp

5Y change+6.7pp

10Y change+19.0pp

CarGurus, Inc.'s net profit margin was 19.6% in Q2 2026, showing the share of revenue converted to profit. This is up 9.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.4 percentage points.

Return on Equity

18.6%

YoY+13.5pp

QoQ+5.0pp

5Y change+13.5pp

CarGurus, Inc.'s ROE was 18.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 13.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.0 percentage points.

Capital Allocation

R&D Spending

$38.1M

YoY+13.1%

QoQ+1.2%

CarGurus, Inc. invested $38.1M in research and development in Q2 2026. This represents an increase of 13.1% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

Share Buybacks

$27.7M

YoY+1456.0%

QoQ-84.1%

CarGurus, Inc. spent $27.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1456.0% from the same quarter a year earlier. Against the prior quarter it is down 84.1%.

Capital Expenditures

$562K

YoY-64.5%

QoQ+43.7%

5Y CAGR-30.4%

CarGurus, Inc. invested $562K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 64.5% from the same quarter a year earlier. Against the prior quarter it is up 43.7%.

CARG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CARG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$967.3M	$907.0M+13.7%	$798.0M+14.3%	$698.4M-57.8%	$1.7B+74.0%	$951.4M+72.5%	$551.5M-6.4%	$588.9M+29.7%	$454.1M+43.3%	$316.9M+59.9%	$198.1M+101.0%	$98.6M
Cost of Revenue	$82.5M	$65.5M-6.9%	$70.3M+13.8%	$61.8M-93.8%	$997.5M+239.3%	$294.0M+588.5%	$42.7M+17.6%	$36.3M+46.3%	$24.8M+40.9%	$17.6M	N/A	N/A
Gross Profit	$893.0M	$841.5M+15.6%	$727.7M+14.3%	$636.6M-3.2%	$657.6M0.0%	$657.4M+29.2%	$508.7M-7.9%	$552.6M+28.7%	$429.3M+43.4%	$299.3M+58.7%	$188.6M+99.8%	$94.4M
R&D Expenses	N/A	$138.3M-0.5%	$139.0M+1.7%	$136.8M+10.5%	$123.8M+16.3%	$106.4M+24.1%	$85.7M+23.4%	$69.5M+45.1%	$47.9M+113.0%	$22.5M+96.2%	$11.5M+39.1%	$8.2M
SG&A Expenses	N/A	$101.4M-1.7%	$103.2M+8.7%	$95.0M+29.9%	$73.1M-25.1%	$97.7M+57.1%	$62.2M+23.3%	$50.4M+27.8%	$39.5M+74.0%	$22.7M+77.5%	$12.8M+120.4%	$5.8M
Operating Income	N/A	$244.4M+55.6%	$157.1M+30.6%	$120.3M+10.9%	$108.5M-26.8%	$148.3M+51.7%	$97.8M+184.8%	$34.3M+48.0%	$23.2M+51.8%	$15.3M+78.2%	$8.6M+439.0%	-$2.5M
EBITDA	N/A	$272.8M+49.5%	$182.5M+8.1%	$168.8M+9.7%	$153.8M-18.5%	$188.7M+74.8%	$107.9M+156.2%	$42.1M+49.3%	$28.2M+48.0%	$19.1M+79.2%	$10.6M+857.0%	-$1.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$29K+11.5%	$26K+116.7%	$12K
Income Tax	N/A	$56.1M+41.5%	$39.6M-15.1%	$46.7M+44.1%	$32.4M-16.9%	$39.0M+80.9%	$21.6M+726.5%	-$3.4M+91.3%	-$39.7M-1604.4%	$2.6M+7.8%	$2.4M+370.8%	-$904K
Net Income	$175.9M	$155.9M+643.4%	$21.0M-4.9%	$22.1M-72.1%	$79.0M-28.5%	$110.4M+42.3%	$77.6M+84.0%	$42.1M-35.3%	$65.2M+393.7%	$13.2M+103.2%	$6.5M+497.1%	-$1.6M
EPS (Basic)	N/A	$1.58+690.0%	$0.20-25.9%	$0.27-83.5%	$1.64	$0.00-100.0%	$0.69+81.6%	$0.38-36.7%	$0.60+361.5%	$0.13+122.4%	-$0.58-41.5%	-$0.41
EPS (Diluted)	$1.84	$1.55+675.0%	$0.20+5.3%	$0.19-69.4%	$0.62	$0.00-100.0%	$0.68+83.8%	$0.37-35.1%	$0.57+375.0%	$0.12+120.7%	-$0.58-41.5%	-$0.41
Diluted Shares (Avg)	N/A	100M-5.5%	106M-6.9%	114M-10.9%	128M+9.4%	117M+2.9%	114M+0.4%	113M+0.1%	113M+87.0%	61M+37.4%	44M+2.3%	43M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Revenue	$251.0M+13.1%	$243.6M+14.8%	$241.1M+14.7%	$231.7M+13.2%	$222.0M+13.4%	$212.2M+13.3%	$210.2M+2779.3%	$204.6M-6.8%
Cost of Revenue	$19.9M+26.8%	$18.9M+32.0%	$18.5M+30.7%	$25.2M-48.4%	$15.7M-56.8%	$14.3M-64.9%	$14.2M+109.7%	$48.8M-11.5%
Gross Profit	$231.1M+12.0%	$224.6M+13.5%	$222.6M+13.5%	$214.7M+19.6%	$206.3M+14.3%	$197.9M+15.3%	$196.1M+28.0%	$179.5M+9.2%
R&D Expenses	$38.1M+13.1%	$37.7M+7.5%	N/A	$36.3M-0.1%	$33.7M-7.8%	$35.0M-1.5%	N/A	$36.4M+2.6%
SG&A Expenses	$28.2M+11.6%	$26.5M+6.8%	N/A	$28.5M+1.0%	$25.3M-7.9%	$24.8M-11.7%	N/A	$28.2M+13.2%
Operating Income	$63.0M+4.0%	$40.1M-20.9%	N/A	$54.7M+99.3%	$60.5M+164.7%	$50.7M+92.7%	N/A	$27.4M+18.8%
EBITDA	$66.7M+3.8%	$47.2M-17.4%	N/A	$59.4M+99.5%	$64.2M+170.3%	$57.2M+69.4%	N/A	$29.8M+9.7%
Income Tax	$14.3M+1.2%	$8.9M-21.6%	N/A	$11.8M+57.0%	$14.1M+165.1%	$11.4M+35.7%	N/A	$7.5M-9.0%
Net Income	$49.2M+120.2%	$32.2M-17.5%	$49.8M+8.5%	$44.7M+98.6%	$22.3M+132.5%	$39.0M+83.3%	$45.9M+239.9%	$22.5M+0.9%
EPS (Basic)	$0.55+139.1%	$0.34-10.5%	$0.52+18.2%	$0.46+109.1%	$0.23+134.8%	$0.38+90.0%	$0.44+309.5%	$0.22+10.0%
EPS (Diluted)	$0.54+145.5%	$0.34-8.1%	$0.51+18.6%	$0.45+114.3%	$0.22+133.8%	$0.37+85.0%	$0.43	$0.21+23.5%
Diluted Shares (Avg)	91M-9.1%	95M-9.5%	97M-8.8%	100M-5.1%	100M-4.8%	105M-3.3%	106M	105M-8.1%

Not reported in any period shown, so not listed: Interest Expense.

CARG Balance Sheet

CARG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$661.9M-19.7%	$824.5M-10.3%	$918.9M-0.9%	$927.1M-0.5%	$931.6M+85.5%	$502.3M+27.6%	$393.6M+46.7%	$268.3M+51.9%	$176.6M+76.0%	$100.3M	N/A
Current Assets	$282.9M-27.7%	$391.2M0.0%	$391.2M-29.8%	$557.4M-1.0%	$563.1M+69.6%	$332.0M+51.6%	$219.0M+12.4%	$194.9M+24.0%	$157.2M+83.8%	$85.5M	N/A
Cash & Equivalents	$190.5M-37.4%	$304.2M+4.4%	$291.4M-37.9%	$469.5M+102.4%	$231.9M+21.9%	$190.3M+217.6%	$59.9M+71.8%	$34.9M-60.2%	$87.7M+197.6%	$29.5M-53.1%	$62.9M
Short-Term Investments	$0	$0-100.0%	$20.7M	$0-100.0%	$90.0M-10.0%	$100.0M-10.5%	$111.7M-9.0%	$122.8M+145.6%	$50.0M+11.7%	$44.8M	$0
Inventory	N/A	$338K+2.1%	$331K-93.7%	$5.3M-73.1%	$19.7M	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$41.9M+9.5%	$38.3M-4.2%	$40.0M-14.6%	$46.8M-75.3%	$189.3M+938.2%	$18.2M-17.6%	$22.1M+62.5%	$13.6M+8.2%	$12.6M+89.0%	$6.7M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$28.4M+6.8%	$26.6M-83.2%	$157.9M+0.3%	$157.5M-0.5%	$158.3M+443.4%	$29.1M+91.5%	$15.2M	N/A	N/A	N/A	N/A
Total Liabilities	$287.7M+1.7%	$282.8M-6.4%	$302.1M+94.0%	$155.7M-38.2%	$251.9M+95.7%	$128.7M-5.9%	$136.8M+84.4%	$74.2M+49.6%	$49.6M-70.5%	$168.3M	N/A
Current Liabilities	$100.5M+8.0%	$93.1M-19.2%	$115.2M+16.7%	$98.7M-42.2%	$170.7M+156.6%	$66.5M-9.8%	$73.8M+16.1%	$63.5M+47.8%	$43.0M+47.9%	$29.1M	N/A
Non-Current Liabilities	$187.2M-1.4%	$189.8M+1.6%	$186.9M+227.8%	$57.0M-29.8%	$81.2M+30.6%	$62.2M-1.3%	$63.0M+490.2%	$10.7M+61.7%	$6.6M-95.3%	$139.3M	N/A
Long-Term Debt	$0	$0	$0	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$374.2M-30.9%	$541.7M-12.2%	$616.9M-16.0%	$734.6M+42.1%	$516.8M+38.3%	$373.6M+45.4%	$256.9M+32.3%	$194.1M+52.8%	$127.0M+286.9%	-$68.0M-321.4%	-$16.1M
Retained Earnings	$362.4M-3.4%	$375.1M+5.9%	$354.1M+9.6%	$323.0M+149.9%	$129.3M-0.1%	$129.4M+149.5%	$51.9M+433.9%	$9.7M+116.6%	-$58.5M+18.4%	-$71.7M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Total Assets	$555.1M-23.5%	$519.6M-24.6%	$661.9M-19.7%	$660.5M-15.1%	$726.1M-3.6%	$689.1M-20.9%	$824.5M-10.3%	$778.2M-25.8%
Current Assets	$202.6M-34.4%	$161.9M-35.8%	$282.9M-27.7%	$269.4M-17.5%	$309.0M+7.2%	$252.0M-22.2%	$391.2M0.0%	$326.6M-39.0%
Cash & Equivalents	$122.1M-47.2%	$72.0M-58.3%	$190.5M-37.4%	$178.8M-27.5%	$231.2M+7.0%	$172.9M-29.8%	$304.2M+4.4%	$246.7M-30.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0-100.0%	$0-100.0%
Inventory	N/A	N/A	N/A	$0-100.0%	$963K+109.8%	$810K+107.2%	$338K+2.1%	$345K+6.8%
Accounts Receivable	$43.7M+6.6%	$44.6M+9.5%	$41.9M+9.5%	$39.6M-11.1%	$41.0M+3.2%	$40.7M-8.1%	$38.3M-4.2%	$44.5M-3.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$27.9M-1.5%	$28.0M-40.0%	$28.4M+6.8%	$28.4M-39.8%	$28.4M-39.1%	$46.7M-70.4%	$26.6M-83.2%	$47.2M-70.0%
Total Liabilities	$290.8M0.0%	$282.5M-1.6%	$287.7M+1.7%	$285.0M-3.3%	$290.6M-3.5%	$287.1M-5.1%	$282.8M-6.4%	$294.7M-3.4%
Current Liabilities	$109.5M+12.7%	$98.0M+3.6%	$100.5M+8.0%	$93.9M-15.1%	$97.2M-13.2%	$94.5M-18.8%	$93.1M-19.2%	$110.6M+1.8%
Non-Current Liabilities	$181.3M-6.3%	$184.5M-4.2%	$187.2M-1.4%	$191.2M+3.8%	$193.4M+2.2%	$192.6M+3.5%	$189.8M+1.6%	$184.1M-6.3%
Long-Term Debt	$0	$0	$0	$0	$0	$0	$0	$0
Total Equity	$264.4M-39.3%	$237.1M-41.0%	$374.2M-30.9%	$375.4M-22.3%	$435.5M-3.7%	$402.1M-29.3%	$541.7M-12.2%	$483.5M-32.6%
Retained Earnings	$257.4M-38.5%	$229.8M-42.0%	$362.4M-3.4%	$367.2M+11.5%	$418.6M+36.5%	$396.5M+5.6%	$375.1M+5.9%	$329.2M-12.9%

CARG Cash Flow Statement

CARG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	$318.7M	$295.3M+15.6%	$255.5M+105.2%	$124.5M-51.4%	$256.1M+160.6%	$98.3M-37.3%	$156.7M+123.5%	$70.1M+35.6%	$51.7M+101.3%	$25.7M+28.4%	$20.0M+54.9%	$12.9M
Depreciation & Amortization	N/A	$28.3M+11.8%	$25.4M-47.7%	$48.5M+6.9%	$45.3M+12.0%	$40.5M+297.2%	$10.2M+30.4%	$7.8M+55.4%	$5.0M+32.5%	$3.8M+83.2%	$2.1M+84.7%	$1.1M
Stock-Based Compensation	N/A	$50.4M-19.0%	$62.3M-2.3%	$63.7M+16.4%	$54.8M+2.3%	$53.5M+18.7%	$45.1M+31.5%	$34.3M+65.0%	$20.8M+313.6%	$5.0M+1461.5%	$322K-69.0%	$1.0M
Capital Expenditures	$3.5M	$6.4M-91.5%	$75.2M+206.0%	$24.6M+314.6%	$5.9M-23.2%	$7.7M+161.3%	$3.0M-73.7%	$11.2M+88.1%	$6.0M+15.5%	$5.2M-11.8%	$5.8M-8.0%	$6.4M
Free Cash Flow	$315.2M	$288.9M+60.2%	$180.3M+80.4%	$100.0M-60.0%	$250.2M+176.2%	$90.6M-41.1%	$153.8M+161.1%	$58.9M+28.7%	$45.8M+122.9%	$20.5M+45.0%	$14.2M+115.8%	$6.6M
Investing Cash Flow	-$27.4M	-$29.3M+59.8%	-$73.0M-18.5%	-$61.6M-184.6%	$72.7M+206.7%	-$68.1M-303.4%	-$16.9M+24.1%	-$22.3M+72.3%	-$80.3M-537.2%	-$12.6M+75.8%	-$52.0M	N/A
Financing Cash Flow	-$401.6M	-$383.8M-127.6%	-$168.6M+33.5%	-$253.6M-173.9%	-$92.6M-620.1%	$17.8M+276.6%	-$10.1M+31.4%	-$14.7M+37.2%	-$23.4M-152.2%	$44.8M+6389.9%	$690K	N/A
Share Buybacks	$369.5M	$351.9M+140.8%	$146.2M-29.9%	$208.5M+1345.3%	$14.4M	N/A	N/A	N/A	N/A	N/A	$60.0M+233.3%	$18.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Cash Flow	$94.6M+29.4%	$69.8M+2.9%	$83.1M+9.7%	$71.2M+26.6%	$73.1M+2.1%	$67.9M+30.6%	$75.7M+2934.3%	$56.2M+113.3%
Depreciation & Amortization	$3.7M-0.3%	$7.2M+9.4%	$7.8M+10.2%	$4.7M+102.3%	$3.7M+65.5%	$6.6M-12.4%	$7.0M-44.8%	$2.3M-42.3%
Stock-Based Compensation	$13.4M+2.6%	$13.3M+2.9%	N/A	$12.6M-18.3%	$13.0M-16.3%	$12.9M-18.5%	N/A	$15.5M+18.5%
Capital Expenditures	$562K-64.5%	$391K-82.5%	$1.2M-88.3%	$1.4M-86.8%	$1.6M-93.9%	$2.2M-92.2%	$10.2M-34.0%	$10.3M+114.6%
Free Cash Flow	$94.0M+31.4%	$69.5M+5.8%	$81.9M+25.1%	$69.8M+52.0%	$71.5M+56.8%	$65.6M+181.7%	$65.5M+603.1%	$45.9M+113.0%
Investing Cash Flow	-$6.9M+11.9%	-$6.7M+12.3%	-$6.7M+51.2%	-$7.2M+52.0%	-$7.8M+74.9%	-$7.6M+42.0%	-$13.7M-125.6%	-$14.9M-39.4%
Financing Cash Flow	-$37.4M-312.4%	-$181.0M+5.5%	-$64.8M-1381.3%	-$118.5M-1052.1%	-$9.1M+87.2%	-$191.5M-130.6%	-$4.4M+96.6%	-$10.3M+54.5%
Share Buybacks	$27.7M+1456.0%	$174.4M-4.6%	$57.0M	$110.3M+2879.7%	$1.8M-97.3%	$182.8M+136.1%	$0-100.0%	$3.7M-76.8%

Not reported in any period shown, so not listed: Dividends Paid.

CARG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CARG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Gross Margin	92.8%+1.6pp	91.2%0.0pp	91.1%+51.4pp	39.7%-29.4pp	69.1%-23.2pp	92.3%-1.6pp	93.8%-0.7pp	94.5%+0.1pp	94.4%-0.7pp	95.2%-0.5pp	95.7%
Operating Margin	27.0%+7.3pp	19.7%+2.5pp	17.2%+10.7pp	6.6%-9.0pp	15.6%-2.2pp	17.7%+11.9pp	5.8%+0.7pp	5.1%+0.3pp	4.8%+0.5pp	4.3%+6.9pp	-2.6%
Net Margin	17.2%+14.6pp	2.6%-0.5pp	3.2%-1.6pp	4.8%-6.8pp	11.6%-2.5pp	14.1%+6.9pp	7.2%-7.2pp	14.3%+10.2pp	4.2%+0.9pp	3.3%+4.9pp	-1.7%
Return on Equity	41.7%+37.8pp	3.9%+0.3pp	3.6%-7.2pp	10.8%-10.6pp	21.4%+0.6pp	20.8%+4.4pp	16.4%-17.2pp	33.6%+23.2pp	10.4%	N/A	N/A
Return on Assets	23.5%+21.0pp	2.5%+0.1pp	2.4%-6.1pp	8.5%-3.3pp	11.8%-3.6pp	15.4%+4.7pp	10.7%-13.6pp	24.3%+16.8pp	7.5%+1.0pp	6.5%	N/A
Current Ratio	2.81-1.4x	4.20+0.8x	3.40-2.2x	5.65+2.3x	3.30-1.7x	4.99+2.0x	2.97-0.1x	3.07-0.6x	3.66+0.7x	2.94	N/A
Debt-to-Equity	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.00-0.3x	0.34-0.2x	0.53+0.2x	0.380.0x	0.39	N/A	N/A
Asset Turnover	1.37+0.4x	0.97+0.2x	0.76-1.0x	1.79+0.8x	1.02-0.1x	1.10-0.4x	1.50-0.2x	1.69-0.1x	1.79-0.2x	1.97	N/A
FCF Margin	31.9%+9.3pp	22.6%+8.3pp	14.3%-0.8pp	15.1%+5.6pp	9.5%-18.4pp	27.9%+17.9pp	10.0%-0.1pp	10.1%+3.6pp	6.5%-0.7pp	7.1%+0.5pp	6.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Gross Margin	92.1%-0.9pp	92.2%-1.0pp	92.3%-0.9pp	92.7%+4.9pp	92.9%+0.7pp	93.2%+1.7pp	93.3%	87.7%+12.9pp
Operating Margin	25.1%-2.2pp	16.5%-7.4pp	N/A	23.6%+10.2pp	27.3%+75.0pp	23.9%+9.8pp	N/A	13.4%+2.9pp
Net Margin	19.6%+9.5pp	13.2%-5.2pp	20.7%-1.2pp	19.3%+8.3pp	10.1%+45.1pp	18.4%+7.0pp	21.8%	11.0%+0.8pp
Return on Equity	18.6%+13.5pp	13.6%+3.9pp	13.3%+4.8pp	11.9%+7.2pp	5.1%+20.3pp	9.7%+6.0pp	8.5%+13.8pp	4.7%+1.6pp
Return on Assets	8.9%+5.8pp	6.2%+0.5pp	7.5%+2.0pp	6.8%+3.9pp	3.1%+12.2pp	5.7%+3.2pp	5.6%+9.1pp	2.9%+0.8pp
Current Ratio	1.85-1.3x	1.65-1.0x	2.81-1.4x	2.87-0.1x	3.18+0.6x	2.67-0.1x	4.20+0.8x	2.95-2.0x
Debt-to-Equity	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x
Asset Turnover	0.45+0.1x	0.47+0.2x	0.36+0.1x	0.35+0.1x	0.310.0x	0.31+0.1x	0.26+0.2x	0.26+0.1x
FCF Margin	37.5%+5.2pp	28.5%-2.4pp	34.0%+2.8pp	30.1%+7.7pp	32.2%+8.9pp	30.9%+18.5pp	31.1%	22.4%+12.6pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
CarGurus, Inc. CARG	FY2025	$907.0M	$155.9M	17.2%	$2.6B	83/100
OPENLANE, Inc KAR	FY2025	$1.9B	$177.7M	9.2%	$3.3B	49/100
Rush Enterprises Inc RUSHA	FY2025	$7.4B	$266.0M	3.6%	$5.2B	54/100
Driven Brands Holdings Inc. DRVN	FY2025	$1.9B	$132.1M	7.1%	$1.9B	35/100
Sonic Automotive, Inc. SAH	FY2025	$15.2B	$118.7M	0.8%	$1.9B	40/100
Asbury Automotive Group, Inc. ABG	FY2025	$18.0B	$492.0M	2.7%	$2.9B	44/100

Where CarGurus, Inc. Ranks

Frequently Asked Questions

What is CarGurus, Inc.'s annual revenue?

CarGurus, Inc. (CARG) reported $907.0M in total revenue for fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is CarGurus, Inc.'s revenue growing?

CarGurus, Inc. (CARG) revenue grew by 13.7% year-over-year, from $798.0M to $907.0M in fiscal year 2025.

Is CarGurus, Inc. profitable?

Yes, CarGurus, Inc. (CARG) reported a net income of $155.9M in fiscal year 2025, with a net profit margin of 17.2%.

What is CarGurus, Inc.'s EBITDA?

CarGurus, Inc. (CARG) had EBITDA of $272.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does CarGurus, Inc. have?

As of fiscal year 2025, CarGurus, Inc. (CARG) had $190.5M in cash and equivalents against $0 in long-term debt.

What is CarGurus, Inc.'s gross margin?

CarGurus, Inc. (CARG) had a gross margin of 92.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is CarGurus, Inc.'s operating margin?

CarGurus, Inc. (CARG) had an operating margin of 27.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is CarGurus, Inc.'s net profit margin?

CarGurus, Inc. (CARG) had a net profit margin of 17.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is CarGurus, Inc.'s return on equity (ROE)?

CarGurus, Inc. (CARG) has a return on equity of 41.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is CarGurus, Inc.'s free cash flow?

CarGurus, Inc. (CARG) generated $288.9M in free cash flow during fiscal year 2025. This represents a 60.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is CarGurus, Inc.'s operating cash flow?

CarGurus, Inc. (CARG) generated $295.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are CarGurus, Inc.'s total assets?

CarGurus, Inc. (CARG) had $661.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are CarGurus, Inc.'s capital expenditures?

CarGurus, Inc. (CARG) invested $6.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does CarGurus, Inc. spend on research and development?

CarGurus, Inc. (CARG) invested $138.3M in research and development during fiscal year 2025.

Does CarGurus, Inc. buy back shares?

Yes, CarGurus, Inc. (CARG) spent $351.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is CarGurus, Inc.'s current ratio?

CarGurus, Inc. (CARG) had a current ratio of 2.81 as of fiscal year 2025, which is generally considered healthy.

What is CarGurus, Inc.'s debt-to-equity ratio?

CarGurus, Inc. (CARG) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is CarGurus, Inc.'s return on assets (ROA)?

CarGurus, Inc. (CARG) had a return on assets of 23.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is CarGurus, Inc.'s P/E ratio?

CarGurus, Inc. (CARG) trades at 14.8x earnings, its market capitalization divided by net income of $175.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.6B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is CarGurus, Inc.'s price-to-sales ratio?

CarGurus, Inc. (CARG) trades at 2.7x sales, its market capitalization divided by revenue of $967.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.6B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is CarGurus, Inc.'s Altman Z-Score?

CarGurus, Inc. (CARG) has an Altman Z-Score of 9.13, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is CarGurus, Inc.'s Piotroski F-Score?

CarGurus, Inc. (CARG) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are CarGurus, Inc.'s earnings high quality?

CarGurus, Inc. (CARG) has an earnings quality ratio of 1.89x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is CarGurus, Inc.?

CarGurus, Inc. (CARG) scores 83 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.