CarGurus (CARG) Gross Margin (2016 - 2026)

CarGurus (CARG) has reported Gross Margin for 11 consecutive years, with 92.23% the latest figure, recorded in Q1 2026.

• In Q1 2026, Gross Margin fell 102.0% year-over-year to 92.23%; the TTM figure through Mar 2026 stood at 92.53% (up 90.0% YoY), while the FY2025 annual figure was 92.78%, up 160.0% from the prior year.
• Gross Margin came in at 92.23% for Q1 2026 at CarGurus, roughly flat from 92.33% in the prior quarter.
• The five-year high for Gross Margin was 2097.95% in Q4 2023, with the low at 35.36% in Q3 2022.
• Average Gross Margin over 5 years is 194.02%, with a median of 91.55% recorded in 2024.
• Across the five-year window, Gross Margin soared 205015 bps in 2023 and tumbled 200468 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 47.79% in 2022, then jumped by 4290 bps to 2097.95% in 2023, then plunged by 96 bps to 93.27% in 2024, then decreased by 1 bps to 92.33% in 2025, then decreased by 0 bps to 92.23% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 92.23%, 92.33%, and 92.68% for Q1 2026, Q4 2025, and Q3 2025 respectively.