CarGurus (CARG) Operating Margin (2016 - 2026)
CarGurus (CARG) posted Operating Margin of 25.10% for Q2 2026, down 2.18 percentage points from 27.27% a year earlier but up 8.64 percentage points from the prior quarter.
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Analysis
CarGurus (CARG) Operating Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at CarGurus was 28.63%, down 10.91 percentage points year-over-year; for FY2025, it was 26.95%, up 7.26 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +9.22 percentage points (FY2020 to FY2025).
- In prior years, CarGurus' Operating Margin was 19.69% in FY2024 (+2.46 pp), 17.23% in FY2023 (+10.67 pp), 6.55% in FY2022 (-9.03 pp) and 15.58% in FY2021 (-2.14 pp).
- Quarterly Operating Margin has run from a low of -47.78% in Q2 2024 to a high of 896.15% in Q4 2023 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last three quarters, with an average year-over-year change of -94.79 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2023, with a gain of 885.82 percentage points; the weakest was Q4 2024, with a drop of 802.44 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 16.46% (Q1 2026), 49.43% (Q4 2025) and 23.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 34.00% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 13.71% |
| 10 | CarGurus | 2.79 Bn | 2.23 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();