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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

CarGurus (CARG) Gross Margin (2016 - 2026)

CarGurus has reported Gross Margin over the past 10 years, most recently at 92.33% for Q4 2025.

  • For Q4 2025, Gross Margin fell 94.0% year-over-year to 92.33%; the TTM value through Dec 2025 reached 92.78%, up 160.0%, while the annual FY2025 figure was 92.78%, 160.0% up from the prior year.
  • Gross Margin for Q4 2025 was 92.33% at CarGurus, roughly flat from 92.68% in the prior quarter.
  • Over five years, Gross Margin peaked at 2097.95% in Q4 2023 and troughed at 35.36% in Q3 2022.
  • A 5-year average of 174.75% and a median of 81.43% in 2021 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: soared 205015bps in 2023 and later tumbled -200468bps in 2024.
  • Year by year, Gross Margin stood at 52.97% in 2021, then dropped by -10bps to 47.79% in 2022, then soared by 4290bps to 2097.95% in 2023, then plummeted by -96bps to 93.27% in 2024, then dropped by -1bps to 92.33% in 2025.
  • Business Quant data shows Gross Margin for CARG at 92.33% in Q4 2025, 92.68% in Q3 2025, and 92.94% in Q2 2025.