CarGurus, Inc.CARGEarnings & Financial Report
Nasdaq
CarGurus, Inc. is an automotive research and shopping website operating in the U.S., U.K. and Canada that assists consumers and auto dealers in comparing local listings for used and new cars, and contacting sellers.
NextMar 31, 2026
CARG Q3 2025 Key Financial Metrics
Revenue
$238.7M
Gross Profit
$213.5M
Operating Profit
$54.7M
Net Profit
$44.7M
Gross Margin
89.5%
Operating Margin
22.9%
Net Margin
18.7%
YoY Growth
3.2%
EPS
$0.45
Financial Flow
CarGurus, Inc. Q3 2025 Financial Summary
CarGurus, Inc. reported revenue of $238.7M for Q3 2025, with a net profit of $44.7M (18.7% margin). Cost of goods sold was $25.2M, operating expenses totaled $158.9M.
Key Financial Metrics
| Total Revenue | $238.7M |
|---|---|
| Net Profit | $44.7M |
| Gross Margin | 89.5% |
| Operating Margin | 22.9% |
| Report Period | Q3 2025 |
CarGurus, Inc. Annual Revenue by Year
CarGurus, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $894.4M).
| Year | Annual Revenue |
|---|---|
| 2024 | $894.4M |
| 2023 | $914.2M |
| 2022 | $1.7B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $223.1M | $215.8M | $218.7M | $231.4M | $228.5M | $225.2M | $234.0M | $238.7M |
| YoY Growth | -22.2% | -7.0% | -8.8% | 5.4% | 2.4% | 4.3% | 7.0% | 3.2% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $918.9M | $870.8M | $753.3M | $778.2M | $824.5M | $689.1M | $726.1M | $660.5M |
| Liabilities | $302.1M | $302.4M | $301.3M | $294.7M | $282.8M | $287.1M | $290.6M | $285.0M |
| Equity | $616.9M | $568.4M | $452.1M | $483.5M | $541.7M | $402.1M | $435.5M | $375.4M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.5M | $52.0M | $71.6M | $56.2M | $75.7M | $67.9M | $73.1M | $71.2M |