KPIs & Operating Metrics(New)
Growth Metrics

CarGurus (CARG) Net Margin (2016 - 2025)

CarGurus has reported Net Margin over the past 10 years, most recently at 65.49% for Q4 2025.

  • For Q4 2025, Net Margin fell 8731.0% year-over-year to 65.49%; the TTM value through Dec 2025 reached 5.71%, down 834.0%, while the annual FY2025 figure was 17.19%, 1456.0% up from the prior year.
  • Net Margin for Q4 2025 was 65.49% at CarGurus, down from 19.3% in the prior quarter.
  • Over five years, Net Margin peaked at 55.54% in Q4 2022 and troughed at 449.11% in Q4 2023.
  • A 5-year average of 17.8% and a median of 10.58% in 2023 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: tumbled -50465bps in 2023 and later surged 47093bps in 2024.
  • Year by year, Net Margin stood at 23.51% in 2021, then skyrocketed by 336bps to 55.54% in 2022, then tumbled by -909bps to 449.11% in 2023, then surged by 105bps to 21.82% in 2024, then crashed by -400bps to 65.49% in 2025.
  • Business Quant data shows Net Margin for CARG at 65.49% in Q4 2025, 19.3% in Q3 2025, and 10.06% in Q2 2025.