KPIs & Operating Metrics(New)
Growth Metrics

CarGurus (CARG) Gross Margin (2016 - 2025)

CarGurus (CARG) has 10 years of Gross Margin data on record, last reported at 92.33% in Q4 2025.

  • For Q4 2025, Gross Margin rose 303.0% year-over-year to 92.33%; the TTM value through Dec 2025 reached 92.78%, up 264.0%, while the annual FY2025 figure was 92.33%, 1096.0% up from the prior year.
  • Gross Margin reached 92.33% in Q4 2025 per CARG's latest filing, roughly flat from 92.68% in the prior quarter.
  • Across five years, Gross Margin topped out at 2097.95% in Q4 2023 and bottomed at 35.36% in Q3 2022.
  • Average Gross Margin over 5 years is 174.56%, with a median of 81.43% recorded in 2021.
  • Peak YoY movement for Gross Margin: soared 205015bps in 2023, then plummeted -200865bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 52.97% in 2021, then decreased by -10bps to 47.79% in 2022, then skyrocketed by 4290bps to 2097.95% in 2023, then plummeted by -96bps to 89.3% in 2024, then grew by 3bps to 92.33% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 92.33% in Q4 2025, 92.68% in Q3 2025, and 92.94% in Q2 2025.