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MARKETS / NASDAQ / CARG
NASDAQ · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · LARGE CAP

CarGurus, Inc. CARG

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$907.0M
▲ 13.7% YoY
$155.9M
▲ 643.4% YoY
$288.9M
▲ 60.2% YoY
In brief

What this company does

CarGurus operates a two-sided online marketplace that connects car shoppers with its network of dealers, anchored by an integrated suite of software and services products. It also provides dealers with a software platform covering inventory acquisition and pricing, marketing, and conversion to sale. It generates revenue from dealer subscription fees, advertising from auto manufacturers and other brand advertisers, and partnerships with financing services companies. It operates marketplaces in the U.S., U.K., and Canada. As of December 31, 2025, it had 1,218 full-time employees, 82 of whom were based outside the U.S. The company reports its financial results as a single reportable segment. CarGurus was founded in 2006.

Written from the business description in CarGurus, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth
USD 907.0M
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.9 · Net income 0.2
0.8B1.6B201520172019202120232025
Compound annual growth
−18.2%
+10.5%
+24.8%
+22.7%
+15.0%
+35.7%
+17.9%
+194.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.5% a year over five years — but profit grew faster: net income at +15.0%, earnings per share at +17.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 27.0% · Net 17.2%
10%20%201520172019202120232025
ROE
FY2025 · ROE 34.0%
20%40%201520172019202120232025

Each USD of equity produced 34 cents of profit this year.

Cash & shareholders
USD 351.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 288.9
100M200M201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 351.5
200M2022202320242025

USD 351.5M in buybacks — 225% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 661.9M
EquityUSD 374.2M
CashUSD 190.5M
Gross debtUSD 0.00
Net debtUSD -190.5M
Current ratio2.81×

The company holds more cash than debt.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B0.90.80.71.71.00.60.60.50.30.20.1
Operating income $B0.20.20.10.10.10.10.00.00.00.0−0.0
EBITDA $B0.30.20.20.20.20.10.00.00.00.0−0.0
Income tax $B0.10.00.00.00.00.0−0.0−0.00.00.0−0.0
Net income $B0.20.00.00.10.10.10.00.10.00.0−0.0
Free cash flow $B0.30.20.10.30.10.20.10.00.00.00.0
EPS, diluted $1.550.200.190.620.000.680.370.570.12−0.58−0.41
Dividend / sh $···········
Payout %···········
ROE %34.03.65.513.524.524.618.740.644.7··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 45 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Processing & Data Preparation
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2015

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