CarGurus (CARG) Operating Expenses (2016 - 2026)
CarGurus (CARG) posted quarterly Operating Expenses of $184.5 million for Q1 2026, up 25.34% year-over-year from $147.2 million in Q1 2025, and up 76.22% quarter-over-quarter from $104.7 million in Q4 2025.
CarGurus (CARG) Operating Expenses (2016 - 2026) Analysis & Trends
CarGurus' Operating Expenses history runs 11 years deep, the most recent figure standing at $184.5 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 25.34% year-over-year to $184.5 million; the TTM figure through Mar 2026 stood at $627.7 million (up 10.29% YoY), while the FY2025 annual figure was $597.1 million, up 4.65% from the prior year.
- Operating Expenses for Q1 2026 stood at $184.5 million, up from $104.7 million in the prior quarter.
- The five-year high for Operating Expenses was $276.0 million in Q2 2024, with the low at -$9.3 million in Q4 2024.
- The 5-year median for Operating Expenses is $147.2 million (2025), against an average of $141.8 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 110.57% in 2024, then soared 1229.42% in 2025.
- CarGurus' Operating Expenses stood at $107.4 million in 2022, then decreased by 18.31% to $87.8 million in 2023, then sank by 110.57% to -$9.3 million in 2024, then jumped by 1229.42% to $104.7 million in 2025, then jumped by 76.22% to $184.5 million in 2026.
- Business Quant data shows CARG's Operating Expenses at $184.5 million in Q1 2026, $104.7 million in Q4 2025, and $158.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 78.07 Bn | 78.06 Bn | - | 1,188.60 |
| 2 | Carvana | 51.62 Bn | 48.87 Bn | 1.38 Bn | 704.00 Mn |
| 3 | Penske Automotive | 14.25 Bn | 14.18 Bn | 1.36 Bn | 974.00 Mn |
| 4 | Lithia Motors | 8.52 Bn | 8.16 Bn | 1.50 Bn | 1.01 Bn |
| 5 | Carmax | 8.26 Bn | 7.67 Bn | 854.41 Mn | 635.18 Mn |
| 6 | Autonation | 6.97 Bn | 6.91 Bn | 1.23 Bn | 856.30 Mn |
| 7 | Rush Enterprises Inc \Tx\ | 6.35 Bn | 6.09 Bn | 361.67 Mn | 245.47 Mn |
| 8 | Autozi Internet Technology (Global) | 6.17 Bn | 5.99 Bn | - | - |
| 9 | Valvoline | 4.21 Bn | 4.13 Bn | 214.90 Mn | 103.10 Mn |
| 10 | CarGurus | 3.26 Bn | 3.14 Bn | 231.10 Mn | 168.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 168.12 Mn |
| Mar 31, 2026 | 184.54 Mn |
| Dec 31, 2025 | 104.72 Mn |
| Sep 30, 2025 | 158.86 Mn |
| Jun 30, 2025 | 179.54 Mn |
| Mar 31, 2025 | 147.24 Mn |
| Dec 31, 2024 | -9.27 Mn |
| Sep 30, 2024 | 155.12 Mn |
| Jun 30, 2024 | 276.03 Mn |
| Mar 31, 2024 | 148.68 Mn |
| Dec 31, 2023 | 87.76 Mn |
| Sep 30, 2023 | 141.20 Mn |
| Jun 30, 2023 | 146.40 Mn |
| Mar 31, 2023 | 140.92 Mn |
| Dec 31, 2022 | 107.42 Mn |
| Sep 30, 2022 | 122.13 Mn |
| Jun 30, 2022 | 164.31 Mn |
| Mar 31, 2022 | 155.22 Mn |
| Dec 31, 2021 | 135.81 Mn |
| Sep 30, 2021 | 122.81 Mn |