CarGurus (CARG) Net Margin (2016 - 2026)
CarGurus' Net Margin was 19.60% in Q2 2026, up 9.54 percentage points from 10.06% a year earlier and up 6.37 percentage points from the prior quarter.
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Analysis
CarGurus (CARG) Net Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, CarGurus' Net Margin was 18.19% through Jun 30, 2026, up 2.90 percentage points year-over-year; for FY2025, it came in at 17.19%, up 14.56 percentage points from FY2024.
- Net Margin shows a five-year change of +3.13 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 2.63% in FY2024 (-1.83 pp), 4.45% in FY2023 (-7.26 pp), 11.71% in FY2022 (+11.73 pp) and -0.02% in FY2021 (-14.08 pp).
- Quarterly Net Margin has moved between -325.16% (Q4 2023) and 55.54% (Q4 2022) over five years.
- Compared with a year earlier, Net Margin was higher in six of the last eight quarters, with an average year-over-year change of +51.44 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q4 2024 (a gain of 346.98 percentage points); the worst was Q4 2023 (a drop of 380.69 percentage points).
- Per Business Quant data, CARG's Net Margin in the three quarters before Q2 2026 was 13.23% (Q1 2026), 20.66% (Q4 2025) and 19.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 26.52% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 11.41% |
| 10 | CarGurus | 2.79 Bn | 2.23 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 | 20.66% |
| Sep 30, 2025 | 19.30% |
| Jun 30, 2025 | 10.06% |
| Mar 31, 2025 | 18.40% |
| Dec 31, 2024 | 21.82% |
| Sep 30, 2024 | 11.00% |
| Jun 30, 2024 | -35.09% |
| Mar 31, 2024 | 11.37% |
| Dec 31, 2023 | -325.16% |
| 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();