# CarGurus, Inc.: overview

CARG · Nasdaq · CIK 1494259 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/carg.md) · [Financials](/companies/carg/financials.md) · [Filings](/companies/carg/filings.md) · [Insiders](/companies/carg/insiders.md)

Latest reported revenue: [$251.0m](/filings/0001193125-26-338067.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-338067).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [205](/filings/0001193125-26-059435.md) | [210](/filings/0001193125-26-059435.md) | [212](/filings/0001193125-26-211983.md) | [222](/filings/0001193125-26-338067.md) | [232](/filings/0001193125-26-059435.md) | [241](/filings/0001193125-26-059435.md) | [244](/filings/0001193125-26-211983.md) | [251](/filings/0001193125-26-338067.md) |
| Gross margin | % | [87.7%](/filings/0001193125-26-059435.md) | [93.3%](/filings/0001193125-26-059435.md) | [93.2%](/filings/0001193125-26-211983.md) | [92.9%](/filings/0001193125-26-338067.md) | [92.7%](/filings/0001193125-26-059435.md) | [92.3%](/filings/0001193125-26-059435.md) | [92.2%](/filings/0001193125-26-211983.md) | [92.1%](/filings/0001193125-26-338067.md) |
| Operating margin | % | [13.4%](/filings/0001193125-25-269604.md) | [93.7% d](/filings/0001193125-26-059435.md) | [23.9%](/filings/0001193125-26-211983.md) | [27.3%](/filings/0001193125-26-338067.md) | [23.6%](/filings/0001193125-25-269604.md) | [49.4% d](/filings/0001193125-26-059435.md) | [16.5%](/filings/0001193125-26-211983.md) | [25.1%](/filings/0001193125-26-338067.md) |
| Net margin | % | [11.0%](/filings/0001193125-25-269604.md) | [21.8%](/filings/0001193125-26-059435.md) | [18.4%](/filings/0001193125-26-338067.md) | [10.1%](/filings/0001193125-26-338067.md) | [19.3%](/filings/0001193125-25-269604.md) | [20.7%](/filings/0001193125-26-059435.md) | [13.2%](/filings/0001193125-26-338067.md) | [19.6%](/filings/0001193125-26-338067.md) |
| Diluted EPS | $ per share | [0.21](/filings/0001193125-26-059435.md) | [0.43](/filings/0001193125-26-059435.md) | [0.37](/filings/0001193125-26-211983.md) | [0.22](/filings/0001193125-26-338067.md) | [0.45](/filings/0001193125-26-059435.md) | [0.51](/filings/0001193125-26-059435.md) | [0.34](/filings/0001193125-26-211983.md) | [0.54](/filings/0001193125-26-338067.md) |
| Free cash flow | $m | [45.9 d](/filings/0001193125-25-269604.md) | [65.5 d](/filings/0001193125-26-059435.md) | [65.6](/filings/0001193125-26-211983.md) | [71.5 d](/filings/0001193125-26-338067.md) | [69.8 d](/filings/0001193125-25-269604.md) | [81.9 d](/filings/0001193125-26-059435.md) | [69.5](/filings/0001193125-26-211983.md) | [94.0 d](/filings/0001193125-26-338067.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [951](/filings/0000950170-24-020157.md) | [1,655](/filings/0000950170-25-024181.md) | [698](/filings/0001193125-26-059435.md) | [798](/filings/0001193125-26-059435.md) | [907](/filings/0001193125-26-059435.md) |
| Gross margin | % | [69.1%](/filings/0000950170-24-020157.md) | [39.7%](/filings/0000950170-25-024181.md) | [91.2%](/filings/0001193125-26-059435.md) | [91.2%](/filings/0001193125-26-059435.md) | [92.8%](/filings/0001193125-26-059435.md) |
| Operating margin | % | [15.6%](/filings/0000950170-24-020157.md) | [6.6%](/filings/0000950170-25-024181.md) | [17.2%](/filings/0001193125-26-059435.md) | [19.7%](/filings/0001193125-26-059435.md) | [27.0%](/filings/0001193125-26-059435.md) |
| Net margin | % | [11.5%](/filings/0000950170-24-020157.md) | [5.1%](/filings/0000950170-25-024181.md) | [5.3%](/filings/0001193125-26-059435.md) | [2.6%](/filings/0001193125-26-059435.md) | [17.2%](/filings/0001193125-26-059435.md) |
| Diluted EPS | $ per share | [0.00](/filings/0000950170-24-020157.md) | [0.62](/filings/0000950170-25-024181.md) | [0.19](/filings/0001193125-26-059435.md) | [0.20](/filings/0001193125-26-059435.md) | [1.55](/filings/0001193125-26-059435.md) |
| Free cash flow | $m | [90.6](/filings/0000950170-24-020157.md) | [250](/filings/0000950170-25-024181.md) | [100.0](/filings/0001193125-26-059435.md) | [180](/filings/0001193125-26-059435.md) | [289](/filings/0001193125-26-059435.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/carg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $402.4m | 11,803,358 |  | Reduced −209,237 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $160.7m | 4,715,273 |  | Added +80,572 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $112.6m | 3,302,216 |  | Reduced −194,860 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $111.0m | 3,255,283 |  | Reduced −2,690,687 |
| [MANUFACTURERS LIFE INSURANCE COMPANY, THE](/funds/928047.md) | 2026-06-30 | $106.0m | 3,110,647 |  | Added +1,413,801 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $103.0m | 3,021,044 |  | Reduced −73,478 |
| [Prevatt Capital Ltd](/funds/2009520.md) | 2026-06-30 | $87.8m | 2,575,000 |  | Added +100,000 |
| [Orbis Allan Gray Ltd](/funds/1663865.md) | 2026-06-30 | $82.1m | 2,407,398 |  | Added +74,139 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $71.4m | 2,093,962 |  | Reduced −7,074 |
| [CONGRESS ASSET MANAGEMENT CO](/funds/897378.md) | 2026-06-30 | $67.4m | 1,976,348 |  | Reduced −134,189 |

## Recent filings

[All 1,694 filings](/companies/carg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-03 | 12:55 ET | [8-K](/filings/0001193125-26-381142.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-381142 |
| 2026-08-06 | 20:16 ET | [10-Q](/filings/0001193125-26-338067.md) | Quarterly report, period 2026-06-30 | 0001193125-26-338067 |
| 2026-08-06 | 20:11 ET | [8-K](/filings/0001193125-26-338014.md) | 1.01 Entry into a material agreement; 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-338014 |
| 2026-06-04 | 20:04 ET | [8-K](/filings/0001193125-26-257361.md) | 5.07 Shareholder vote results | 0001193125-26-257361 |
| 2026-05-07 | 20:17 ET | [10-Q](/filings/0001193125-26-211983.md) | Quarterly report, period 2026-03-31 | 0001193125-26-211983 |
| 2026-05-07 | 20:12 ET | [8-K](/filings/0001193125-26-211932.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-211932 |
| 2026-04-22 | 20:10 ET | [DEF 14A](/filings/0001193125-26-170400.md) | Proxy statement, period 2026-06-03 | 0001193125-26-170400 |
| 2026-02-19 | 21:16 ET | [10-K](/filings/0001193125-26-059435.md) | Annual report, period 2025-12-31 | 0001193125-26-059435 |
| 2026-02-19 | 21:10 ET | [8-K](/filings/0001193125-26-059370.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-059370 |
| 2025-11-06 | 21:18 ET | [10-Q](/filings/0001193125-25-269604.md) | Quarterly report, period 2025-09-30 | 0001193125-25-269604 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-059435.md), filed Feb 19, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/f247730c-2a23-4a3c-b5a9-b3b11a374662)

## About the filer

- CIK: 1494259
- Tickers: CARG
- Exchange: Nasdaq
- SIC code: 7374 Services-Computer Processing & Data Preparation
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:41 ET. No prices; not investment advice.