CarGurus (CARG) Operating Margin (2016 - 2026)
CarGurus (CARG) posted Operating Margin of 25.1% for Q2 2026, up 52.5% on a QoQ basis from 16.46% in Q1 2026, and down 218.0% year-over-year from 21.27% in Q2 2025.
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Analysis
CarGurus (CARG) Operating Margin (2016 - 2026) Analysis & Trends
CarGurus has reported Operating Margin for 11 years, with the latest figure at 25.1% in Q2 2026.
- On a quarterly basis, Operating Margin fell 218.0% year-over-year to 25.1% in Q2 2026; TTM through Jun 2026 was 28.63%, a 1091.0% decrease from a year earlier, with the FY2025 full-year figure at 26.95%, up 726.0% from the prior year.
- Operating Margin was 25.1% for Q2 2026 at CarGurus, up from 16.46% in the prior quarter.
- The five-year high for Operating Margin was 896.15% in Q4 2023, with the low at 47.78% in Q2 2024.
- Average Operating Margin over 5 years is 65.95%, with a median of 13.72% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Margin jumped 88582 bps in 2023, then plunged 80244 bps in 2024.
- Over 5 years, Operating Margin stood at 10.33% in 2022, then soared by 8575 bps to 896.15% in 2023, then slumped by 90 bps to 93.71% in 2024, then tumbled by 47 bps to 49.43% in 2025, then plunged by 49 bps to 25.1% in 2026.
- The last three Operating Margin figures came in at 25.1% (Q2 2026), 16.46% (Q1 2026), and 49.43% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 5.64% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 34.00% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 24.71% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 21.01% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 6.72% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 21.57% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 18.54% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 13.71% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | CarGurus | 2.51 Bn | 2.39 Bn | 231.10 Mn | 25.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.10% |
| Mar 31, 2026 | 16.46% |
| Dec 31, 2025 | 49.43% |
| Sep 30, 2025 | 23.60% |
| Jun 30, 2025 | 27.27% |
| Mar 31, 2025 | 23.87% |
| Dec 31, 2024 | 93.71% |
| Sep 30, 2024 | 13.41% |
| Jun 30, 2024 | -47.78% |
| Mar 31, 2024 | 14.03% |
| Dec 31, 2023 | 896.15% |
| Sep 30, 2023 | 10.53% |
| Jun 30, 2023 | 7.40% |
| Mar 31, 2023 | 6.06% |
| Dec 31, 2022 | 10.33% |
| Sep 30, 2022 | 6.72% |
| Jun 30, 2022 | 4.60% |
| Mar 31, 2022 | 6.19% |
| Dec 31, 2021 | 12.94% |
| Sep 30, 2021 | 17.98% |
API Access
CarGurus Operating 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=operating-margin&ticker=CARG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CARG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();