CARG
CarGurus
NASDAQ: CARG · CONSUMER CYCLICAL · AUTO & TRUCK DEALERSHIPS
$36.67
-0.76% today
Updated 2026-04-29
Market cap
$3.31B
P/E ratio
18.71
P/S ratio
3.65x
EPS (TTM)
$1.96
Dividend yield
—
52W range
$25 – $39
Volume
1.3M
CarGurus (CARG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98.59M | $198.14M | $316.86M | $454.09M | $588.92M | $551.45M | $951.37M | $1.66B | $914.24M | $894.38M | $938.98M |
| Revenue growth (YoY) | — | +101.0% | +59.9% | +43.3% | +29.7% | -6.4% | +72.5% | +74.0% | -44.8% | -2.2% | +5.0% |
| Cost of revenue | $4.23M | $9.57M | $17.61M | $24.81M | $36.30M | $42.71M | $294.01M | $997.48M | $262.79M | $155.44M | $103.44M |
| Gross profit | $94.35M | $188.57M | $299.25M | $429.27M | $552.62M | $508.75M | $657.36M | $657.55M | $651.45M | $738.95M | $835.54M |
| Gross margin | 95.7% | 95.2% | 94.4% | 94.5% | 93.8% | 92.3% | 69.1% | 39.7% | 71.3% | 82.6% | 89.0% |
| R&D | $8.23M | $11.45M | $22.47M | $47.87M | $69.46M | $85.73M | $106.42M | $123.77M | $146.17M | $144.43M | $155.72M |
| SG&A | $5.80M | $12.78M | $22.69M | $39.48M | $50.43M | $62.17M | $97.68M | $73.12M | $152.76M | $112.07M | $101.42M |
| Operating income | $-2.53M | $8.57M | $15.27M | $23.19M | $34.32M | $97.76M | $148.27M | $108.48M | $32.63M | $13.41M | $194.40M |
| Operating margin | -2.6% | 4.3% | 4.8% | 5.1% | 5.8% | 17.7% | 15.6% | 6.6% | 3.6% | 1.5% | 20.7% |
| EBITDA | $-1.41M | $10.64M | $19.07M | $28.22M | $42.14M | $104.62M | $200.01M | $167.76M | $81.10M | $173.27M | $235.11M |
| EBITDA margin | -1.4% | 5.4% | 6.0% | 6.2% | 7.2% | 19.0% | 21.0% | 10.1% | 8.9% | 19.4% | 25.0% |
| EBIT | $-2.53M | $8.57M | $15.27M | $19.50M | $34.32M | $97.76M | $149.36M | $111.36M | $32.63M | $147.91M | $202.80M |
| Interest expense | $12000.00 | $26000.00 | $29000.00 | $0.00 | $4.38M | $1.35M | $37000.00 | $3.85M | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-1.64M | $6.50M | $13.20M | $65.17M | $42.15M | $77.55M | $109.24M | $193.78M | $31.10M | $20.97M | $155.90M |
| Net income growth (YoY) | — | +497.1% | +103.2% | +393.7% | -35.3% | +84.0% | +40.9% | +77.4% | -83.9% | -32.6% | +643.4% |
| Profit margin | -1.7% | 3.3% | 4.2% | 14.4% | 7.2% | 14.1% | 11.5% | 11.7% | 3.4% | 2.3% | 16.6% |