CarGurus (CARG) Net Margin (2016 - 2026)
CarGurus (CARG) posted Net Margin of 19.6% for Q2 2026, up 48.12% on a QoQ basis from 13.23% in Q1 2026, and up 954.0% year-over-year from 1.86% in Q2 2025.
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CarGurus (CARG) Net Margin (2016 - 2026) Analysis & Trends
CarGurus has reported Net Margin for 11 years, with the latest figure at 19.6% in Q2 2026.
- On a quarterly basis, Net Margin rose 954.0% year-over-year to 19.6% in Q2 2026; TTM through Jun 2026 was 22.41%, a 556.0% decrease from a year earlier, with the FY2025 full-year figure at 21.69%, up 556.0% from the prior year.
- Net Margin was 19.6% for Q2 2026 at CarGurus, up from 13.23% in the prior quarter.
- The five-year high for Net Margin was 514.76% in Q4 2023, with the low at 35.09% in Q2 2024.
- Average Net Margin over 5 years is 43.41%, with a median of 12.3% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 45923 bps in 2023, then tumbled 44168 bps in 2024.
- Over 5 years, Net Margin stood at 55.54% in 2022, then surged by 827 bps to 514.76% in 2023, then sank by 86 bps to 73.08% in 2024, then sank by 49 bps to 37.59% in 2025, then sank by 48 bps to 19.6% in 2026.
- The last three Net Margin figures came in at 19.6% (Q2 2026), 13.23% (Q1 2026), and 37.59% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 3.92% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 26.52% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 24.19% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 22.62% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 4.58% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 17.55% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 20.28% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 10.45% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | CarGurus | 2.51 Bn | 2.39 Bn | 231.10 Mn | 19.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.60% |
| Mar 31, 2026 | 13.23% |
| Dec 31, 2025 | 37.59% |
| Sep 30, 2025 | 19.30% |
| Jun 30, 2025 | 10.06% |
| Mar 31, 2025 | 18.39% |
| Dec 31, 2024 | 73.08% |
| Sep 30, 2024 | 11.00% |
| Jun 30, 2024 | -35.09% |
| Mar 31, 2024 | 11.37% |
| Dec 31, 2023 | 514.76% |
| Sep 30, 2023 | 10.16% |
| Jun 30, 2023 | 6.85% |
| Mar 31, 2023 | 6.95% |
| Dec 31, 2022 | 55.54% |
| Sep 30, 2022 | 25.08% |
| Jun 30, 2022 | -2.02% |
| Mar 31, 2022 | -14.42% |
| Dec 31, 2021 | -23.51% |
| Sep 30, 2021 | 13.10% |
API Access
CarGurus Net 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=net-margin&ticker=CARG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CARG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();