CarGurus (CARG) Operating Margin (2016 - 2026)

CarGurus' Operating Margin history runs 11 years deep, the most recent figure standing at 16.46% for Q1 2026.

• In Q1 2026, Operating Margin fell 741.0% year-over-year to 16.46%; the TTM figure through Mar 2026 stood at 25.45% (up 339.0% YoY), while the FY2025 annual figure was 26.95%, up 726.0% from the prior year.
• Operating Margin was 16.46% for Q1 2026 at CarGurus, down from 49.43% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 896.15% in Q4 2023 to a low of 47.78% in Q2 2024.
• Historically, Operating Margin has averaged 67.41% across 5 years, with a median of 11.19% in 2025.
• The sharpest annual moves came in 2023 and 2024: Operating Margin soared 88582 bps in 2023, then sank 80244 bps in 2024.
• A 5-year view of Operating Margin shows it stood at 10.33% in 2022, then surged by 8575 bps to 896.15% in 2023, then tumbled by 90 bps to 93.71% in 2024, then plunged by 47 bps to 49.43% in 2025, then sank by 67 bps to 16.46% in 2026.
• The last three Operating Margin figures came in at 16.46% (Q1 2026), 49.43% (Q4 2025), and 23.6% (Q3 2025), per Business Quant data.