CarGurus (CARG) Operating Expenses (2016 - 2026)
CarGurus (CARG) posted Operating Expenses of $168.1 million for Q2 2026, down 8.9% on a QoQ basis from $184.5 million in Q1 2026, and up 15.33% year-over-year from $145.8 million in Q2 2025.
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CarGurus (CARG) Operating Expenses (2016 - 2026) Analysis & Trends
CarGurus has reported Operating Expenses for 11 years, with the latest figure at $168.1 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 15.33% year-over-year to $168.1 million in Q2 2026; TTM through Jun 2026 was $616.2 million, a 40.42% increase from a year earlier, with the FY2025 full-year figure at $597.1 million, up 4.65% from the prior year.
- Operating Expenses was $168.1 million for Q2 2026 at CarGurus, down from $184.5 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.
- Average Operating Expenses over 5 years is $141.4 million, with a median of $146.8 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 110.57% in 2024, then surged 1229.42% in 2025.
- Over 5 years, Operating Expenses stood at $107.4 million in 2022, then dropped by 18.31% to $87.8 million in 2023, then sank by 110.57% to -$9.3 million in 2024, then soared by 1229.42% to $104.7 million in 2025, then surged by 60.54% to $168.1 million in 2026.
- The last three Operating Expenses figures came in at $168.1 million (Q2 2026), $184.5 million (Q1 2026), and $104.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | -8.86 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 4.85 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | -5.39 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 2.85 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 3.48 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 1.63 Bn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 2.55 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 608.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | -279.73 Mn |
| 10 | CarGurus | 2.51 Bn | 2.39 Bn | 231.10 Mn | 168.12 Mn |
Historic Data
Download Data
Historic 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 | 145.77 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 |
API Access
CarGurus Operating Expenses 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=operating-expenses&ticker=CARG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=CARG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();