CarGurus (CARG) Gross Margin (2016 - 2026)

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 was 92.23% for Q1 2026 at CarGurus, roughly flat from 92.33% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 2097.95% in Q4 2023 to a low of 35.36% in Q3 2022.
• Historically, Gross Margin has averaged 194.02% across 5 years, with a median of 91.55% in 2024.
• The sharpest annual moves came in 2023 and 2024: Gross Margin soared 205015 bps in 2023, then slumped 200468 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 47.79% in 2022, then jumped by 4290 bps to 2097.95% in 2023, then tumbled by 96 bps to 93.27% in 2024, then declined by 1 bps to 92.33% in 2025, then declined by 0 bps to 92.23% in 2026.
• The last three Gross Margin figures came in at 92.23% (Q1 2026), 92.33% (Q4 2025), and 92.68% (Q3 2025), per Business Quant data.