CarGurus (CARG) Gross Margin (2016 - 2026)
CarGurus' Gross Margin came in at 92.08% for Q2 2026, down 0.86 percentage points from 92.94% a year earlier and down 0.14 percentage points from the prior quarter.
Powered by 
Analysis
CarGurus (CARG) Gross Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, CarGurus reported Gross Margin of 92.32%, up 0.48 percentage points year-over-year; for FY2025, it was 92.78%, up 1.60 percentage points from FY2024.
- Gross Margin has increased in each of the last three years, with a five-year change of +0.53 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 91.19% in FY2024 (+0.04 pp), 91.15% in FY2023 (+51.42 pp), 39.73% in FY2022 (-29.37 pp) and 69.10% in FY2021 (-23.16 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin since Q3 2024.
- Year-over-year, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -248.41 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2023 (a gain of 2050.15 percentage points), and the weakest in Q4 2024 (a drop of 2004.68 percentage points).
- Business Quant data shows CARG's Gross Margin at 92.23% (Q1 2026), 92.33% (Q4 2025) and 92.68% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 33.41% |
| 10 | CarGurus | 2.79 Bn | 2.23 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();