The financials
CarGurus, Inc. by the numbers
CarGurus, Inc. (CARG) reported revenue of $244M in Q1 2026 (quarter ended March 31, 2026), up 15% from the same quarter a year earlier. That came with a gross margin of 92% and net income of $32M (13% of revenue). For the full year FY2025, revenue was $907M (+14% year on year) and net income $156M. Its largest product in 2025-Q3 was Marketplace at $232M, 96% of the disclosed total, just ahead of Instant Max Cash Offer at 1.5%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $244M | $212M | +15% |
| Gross profit | $225M | $198M | +14% |
| Operating income | $40M | $51M | −21% |
| Net income | $32M | $39M | −17% |
| Diluted EPS | $0.34 | $0.37 | −8.1% |
| Product | Revenue | Share |
|---|---|---|
| Marketplace | $232M | 96% |
| Instant Max Cash Offer | $3.6M | 1.5% |
| Dealer To Dealer | $3.5M | 1.4% |
| Wholesale | $2.2M | 0.9% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q3 2025Total $240.9M (+0.27%)
Marketplace grew +14% year on yearWholesale -81% year on year
Segment Latestquarter on quarteryear on year
- Marketplace$231.7M$231.7MQoQ +4.3%year on year +14%+4.3%+14%
- Instant Max Cash Offer$3.6M$3.6MQoQ -year on year -73%--73%
- Dealer To Dealer$3.5M$3.5MQoQ -55%year on year -75%-55%-75%
- Wholesale$2.2M$2.2MQoQ -64%year on year -81%-64%-81%
- Sell My Car Instant Max Cash Offer--QoQ -year on year ---
Auto & Truck Dealerships
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