CarGurus (CARG) Gross Margin (2016 - 2026)
CarGurus (CARG) posted quarterly Gross Margin of 92.23% for Q1 2026, down 102.0% year-over-year from 4611.3% in Q1 2025, and little changed quarter-over-quarter from 92.33% in Q4 2025.
CarGurus (CARG) Gross Margin (2016 - 2026) Analysis & Trends
CarGurus' Gross Margin history runs 11 years deep, the most recent figure standing at 92.23% for 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 for Q1 2026 stood at 92.23%, 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.
- The 5-year median for Gross Margin is 91.55% (2024), against an average of 194.02%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin surged 205015 bps in 2023, then sank 200468 bps in 2024.
- CarGurus' Gross Margin stood at 47.79% in 2022, then soared by 4290 bps to 2097.95% in 2023, then slumped by 96 bps to 93.27% in 2024, then dropped by 1 bps to 92.33% in 2025, then dropped by 0 bps to 92.23% in 2026.
- Business Quant data shows CARG's Gross Margin at 92.23% in Q1 2026, 92.33% in Q4 2025, and 92.68% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 78.07 Bn | 78.06 Bn | - | - |
| 2 | Carvana | 51.62 Bn | 48.87 Bn | 1.38 Bn | 18.76% |
| 3 | Penske Automotive | 14.25 Bn | 14.18 Bn | 1.36 Bn | 15.94% |
| 4 | Lithia Motors | 8.52 Bn | 8.16 Bn | 1.50 Bn | 15.29% |
| 5 | Carmax | 8.26 Bn | 7.67 Bn | 854.41 Mn | 10.66% |
| 6 | Autonation | 6.97 Bn | 6.91 Bn | 1.23 Bn | 17.77% |
| 7 | Rush Enterprises Inc \Tx\ | 6.35 Bn | 6.09 Bn | 361.67 Mn | 19.04% |
| 8 | Autozi Internet Technology (Global) | 6.17 Bn | 5.99 Bn | - | - |
| 9 | Valvoline | 4.21 Bn | 4.13 Bn | 214.90 Mn | 39.46% |
| 10 | CarGurus | 3.26 Bn | 3.14 Bn | 231.10 Mn | 92.08% |
Historic Data
Download 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% |