CarGurus, Inc. (CARG) Financial Statements
Industry: Computer Processing & Data Preparation (Services)
In fiscal 2025, CarGurus reported revenue of $907.0M, up 1.4% from $894.4M the year before. Net income was $155.9M (a 17.2% net margin), or $1.55 per diluted share. Gross margin was 92.8% and operating margin was 27.0%. Operating activities generated $295.3M of cash, leaving $288.9M of free cash flow. At fiscal year end, CarGurus held $661.9M in total assets against $287.7M in total liabilities, including $190.5M of cash and equivalents.
Open the full interactive CarGurus financials → Quarterly statements, key ratios, valuation history and price charts.
CarGurus Key Stats
| Share Price | $29.32 |
|---|---|
| Market Cap | $2.67B |
| P/E Ratio | 18.9 |
| Revenue YoY Growth | +1.4% |
| 52-Week Range | $26.96 – $39.03 |
| Shares Outstanding | 90.1 million (basic, 2026 Q2) |
CarGurus Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $551.5M | $951.4M | $1.66B | $914.2M | $894.4M | $907.0M |
| Cost of Goods Sold | $42.7M | $294.0M | $997.5M | $262.8M | $155.4M | $65.5M |
| Gross Profit | $508.7M | $657.4M | $657.6M | $651.5M | $738.9M | $841.5M |
| Operating Income | $97.8M | $148.3M | $108.5M | $32.6M | $13.4M | $244.4M |
| Pre-Tax Income | $99.1M | $149.4M | $111.4M | $51.7M | $24.7M | $252.8M |
| Income Tax | $21.6M | $39.0M | $32.4M | $29.6M | $3.7M | $56.1M |
| Net Income | $77.6M | $109.2M | $84.4M | $36.9M | $21.0M | $155.9M |
| Diluted EPS | $0.68 | — | $0.62 | $0.19 | $0.20 | $1.55 |
CarGurus Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $238.7M | $209.1M | $243.6M | $251.0M |
| Net Income | $44.7M | $49.8M | $32.2M | $49.2M |
| Diluted EPS | $0.45 | $0.50 | $0.34 | $0.54 |
CarGurus Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $190.3M | $231.9M | $469.5M | $291.4M | $304.2M | $190.5M |
| Current Assets | $332.0M | $563.1M | $557.4M | $391.2M | $391.2M | $282.9M |
| Total Assets | $502.3M | $931.6M | $927.1M | $918.9M | $824.5M | $661.9M |
| Current Liabilities | $66.5M | $170.7M | $98.7M | $115.2M | $93.1M | $100.5M |
| Total Liabilities | $128.7M | $251.9M | $155.7M | $302.1M | $282.8M | $287.7M |
| Shareholders' Equity | $373.6M | $516.8M | $734.6M | $616.9M | $541.7M | $374.2M |
CarGurus Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $156.7M | $98.3M | $256.1M | $124.5M | $255.5M | $295.3M |
| Cash From Investing | -$16.9M | -$68.1M | $72.7M | -$61.6M | -$73.0M | -$29.3M |
| Cash From Financing | -$10.1M | $17.8M | -$92.6M | -$253.6M | -$168.6M | -$383.8M |
| Free Cash Flow | $153.8M | $90.6M | $250.2M | $100.0M | $180.3M | $288.9M |
Figures from CarGurus' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full CarGurus financials page for every line item.
CarGurus Company Profile
| Ticker | CARG |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Processing & Data Preparation (Services) |
| Headquarters | Boston, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001494259 |
Frequently Asked Questions
What was CarGurus' revenue in fiscal 2025?
CarGurus (CARG) reported revenue of $907.0M for fiscal 2025.
What is CarGurus' annual revenue history?
CarGurus' annual revenue by fiscal year: 2020: $551.5M; 2021: $951.4M; 2022: $1.66B; 2023: $914.2M; 2024: $894.4M; 2025: $907.0M.
What was CarGurus' net income in fiscal 2025?
CarGurus reported net income of $155.9M for fiscal 2025.
What was CarGurus' earnings per share (EPS) in fiscal 2025?
CarGurus' diluted EPS was $1.55 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did CarGurus generate in fiscal 2025?
CarGurus generated $288.9M of free cash flow in fiscal 2025.
What was CarGurus' revenue last quarter?
In its most recent reported quarter (2026 Q2), CarGurus reported revenue of $251.0M.
How many shares of CarGurus are outstanding?
CarGurus reported a weighted average of 90.1 million basic shares outstanding in 2026 Q2.
What is CarGurus' market cap?
Based on its latest closing price, CarGurus (CARG) has a market capitalization of about $2.67B.
When does CarGurus' fiscal year end?
CarGurus' fiscal year end, as registered with the SEC, is December 31.
Where is CarGurus headquartered?
CarGurus lists its business address in Boston, Massachusetts in its SEC filings.