CarGurus (CARG) Operating Expenses (2016 - 2026)

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 was $184.5 million for Q1 2026 at CarGurus, up from $104.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $276.0 million in Q2 2024 to a low of -$9.3 million in Q4 2024.
• Historically, Operating Expenses has averaged $141.8 million across 5 years, with a median of $147.2 million in 2025.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 110.57% in 2024, then jumped 1229.42% in 2025.
• A 5-year view of Operating Expenses shows it stood at $107.4 million in 2022, then slipped by 18.31% to $87.8 million in 2023, then slumped by 110.57% to -$9.3 million in 2024, then surged by 1229.42% to $104.7 million in 2025, then surged by 76.22% to $184.5 million in 2026.
• The last three Operating Expenses figures came in at $184.5 million (Q1 2026), $104.7 million (Q4 2025), and $158.9 million (Q3 2025), per Business Quant data.