CarGurus (CARG) Gross Margin (2016 - 2026)
CarGurus (CARG) posted Gross Margin of 92.08% for Q2 2026, little changed on a QoQ basis from 92.23% in Q1 2026, and down 86.0% year-over-year from 657.73% in Q2 2025.
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CarGurus (CARG) Gross Margin (2016 - 2026) Analysis & Trends
CarGurus has reported Gross Margin for 11 years, with the latest figure at 92.08% in Q2 2026.
- On a quarterly basis, Gross Margin fell 86.0% year-over-year to 92.08% in Q2 2026; TTM through Jun 2026 was 92.32%, a 48.0% increase from a year earlier, with the FY2025 full-year figure at 92.78%, up 160.0% from the prior year.
- Gross Margin was 92.08% for Q2 2026 at CarGurus, roughly flat from 92.23% 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 188.36%, with a median of 91.82% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 205015 bps in 2023, then sank 200468 bps in 2024.
- Over 5 years, Gross Margin stood at 47.79% in 2022, then surged by 4290 bps to 2097.95% in 2023, then slumped by 96 bps to 93.27% in 2024, then fell by 1 bps to 92.33% in 2025, then fell by 0 bps to 92.08% in 2026.
- The last three Gross Margin figures came in at 92.08% (Q2 2026), 92.23% (Q1 2026), and 92.33% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 38.11% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 67.75% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 57.06% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 82.46% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 40.90% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 73.45% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 90.66% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 72.00% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | CarGurus | 2.51 Bn | 2.39 Bn | 231.10 Mn | 92.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.08% |
| Mar 31, 2026 | 92.23% |
| Dec 31, 2025 | 92.33% |
| Sep 30, 2025 | 92.68% |
| Jun 30, 2025 | 92.94% |
| Mar 31, 2025 | 93.24% |
| Dec 31, 2024 | 93.27% |
| Sep 30, 2024 | 87.74% |
| Jun 30, 2024 | 92.20% |
| Mar 31, 2024 | 91.55% |
| Dec 31, 2023 | 2,097.95% |
| Sep 30, 2023 | 74.88% |
| Jun 30, 2023 | 68.47% |
| Mar 31, 2023 | 66.81% |
| Dec 31, 2022 | 47.79% |
| Sep 30, 2022 | 35.36% |
| Jun 30, 2022 | 36.74% |
| Mar 31, 2022 | 42.24% |
| Dec 31, 2021 | 52.97% |
| Sep 30, 2021 | 73.07% |
API Access
CarGurus Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CARG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CARG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CARG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();