Stocks Technology CARG
NASDAQ · TechnologyCarGurus, Inc. (CARG)
CarGurus, Inc. brought in $994M of revenue over the twelve months to September 30, 2026, up 13.5% from a year earlier. Net income was $184M, a net margin of 18.5%. Operating cash flow minus capital spending left $288.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $164.9M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about CarGurus, Inc.
- Net worth
- CarGurus, Inc. has a market value (market cap) of $3.1B at the latest share price, and shareholders' equity of $303.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $907M (+13.7% year on year), with net income of $155.9M. Over the 12 months to September 30, 2026: revenue $994M, net income $184M.
- Cash flow
- In fiscal 2025 operations brought in $295.3M of cash; after $6.4M of capital spending, free cash flow was $288.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- CarGurus, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What CarGurus, Inc. does
CarGurus, Inc. is registered with the SEC under industry code SIC 7374 (Services-Computer Processing & Data Preparation). Its shares trade on NASDAQ under the ticker CARG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $907M | $155.9M | $1.55 | $288.9M |
| 2024 | $798M | $21M | $0.20 | $180.3M |
| 2023 | $698.4M | $36.9M | $0.19 | $100M |
| 2022 | $1.7B | $84.4M | $0.62 | $250.2M |
| 2021 | $951.4M | $109.2M | $0.00 | $90.6M |
| 2020 | $551.5M | $77.6M | $0.68 | $153.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CARG ranks in Technology
Latest SEC filings
What CarGurus, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 12% to $258.4M versus the same quarter last year; diluted EPS $0.59 versus $0.45.
- November 5, 2026
- September 3, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 13% to $251M versus the same quarter last year; diluted EPS $0.54 versus $0.22.
- August 6, 2026
- June 4, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 7, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 15% to $243.6M versus the same quarter last year; diluted EPS $0.34 versus $0.37.
- May 7, 2026
What is CARG worth? A DCF from its reported cash flow
Insider trades
What the people running CarGurus, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $2.9M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1) | 215 | $8.1K |
| November 6, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1) | 316 | $12.1K |
| November 6, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 24 | $899.8 |
| November 6, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 35 | $1.3K |
| November 4, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1) | 2,000 | $74.8K |
| November 4, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1) | 577 | $22K |
| November 4, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 224 | $8.4K |
| November 4, 2026 | Steinert LangleyExecutive Chair, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 65 | $2.5K |
Who owns CARG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Langley Steinert13G, passive | 13.1% | August 12, 2025 |
| Vanguard Portfolio Management13G, passive | 5.8% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.08% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 369 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 11,803,358 | -209,237 |
| Vanguard Portfolio Management LLC | 4,715,273 | +80,572 |
| Vanguard Capital Management LLC | 3,302,216 | -194,860 |
| Wellington Management Group Llp | 3,255,283 | -2,690,687 |
| Manufacturers Life Insurance Company, The | 3,110,647 | +1,413,801 |
| State Street Corp | 3,021,044 | -73,478 |
| Prevatt Capital Ltd | 2,575,000 | +100,000 |
| Orbis Allan Gray Ltd | 2,407,398 | +74,139 |
| Geode Capital Management, LLC | 2,093,962 | -7,074 |
| Congress Asset Management Co | 1,976,348 | -134,189 |
| Dimensional Fund Advisors LP | 1,822,639 | +35,191 |
| Boston Partners | 1,705,214 | +51,713 |
| Morgan Stanley | 1,573,354 | +207,712 |
| Invesco Ltd. | 1,319,331 | +30,575 |
| Fort Washington Investment Advisors Inc | 1,069,080 | -41,151 |
| Charles Schwab Investment Management Inc | 1,058,779 | -7,595 |
| Jacobs Levy Equity Management, Inc | 943,303 | +96,446 |
| Goldman Sachs Group Inc | 919,306 | +136,146 |
| Alta Fox Capital Management, LLC | 843,546 | -743,800 |
| Ameriprise Financial Inc | 826,385 | -308,694 |
Insiders
14 insiders reported holding 3,297,969 shares in total, about $113.9M at the last price.
| Holder | Shares |
|---|---|
| Steinert LangleyExecutive Chair, Director, 10% owner | 956,02774,652 held indirectly |
| Trevisan JasonChief Executive Officer, Director | 653,253 |
| Zales SamuelCOO and President | 419,735 |
| Kaufer StephenDirector | 331,278 |
| Quinn Matthew ToddChief Technology Officer | 226,104 |
| Mandel Matthew CharlesCFO and Treasurer | 175,083 |
| Elshareef IsmailChief Product Officer | 123,670 |
| Sarnoff DafnaChief Marketing Officer | 100,795 |
| Hanson Jennifer LaddChief People Officer | 88,557 |
| Zamora JavierGeneral Counsel and Secretary | 75,971 |
Questions about CARG
What does CarGurus, Inc. do?
CarGurus, Inc. is a company in the Technology sector, listed on NASDAQ as CARG. Its shares trade on NASDAQ under the ticker CARG.
What is CarGurus, Inc.'s net worth?
CarGurus, Inc. has a market value (market cap) of $3.1B at the latest share price, and shareholders' equity of $303.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is CarGurus, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $184M on revenue of $994M, a net margin of 18.5%.
How much revenue does CarGurus, Inc. make?
Over the twelve months to September 30, 2026 CarGurus, Inc. reported revenue of $994M. That is 13.5% more than a year earlier.
When did CarGurus, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is CarGurus, Inc.'s next earnings report?
CarGurus, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values CarGurus, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.