CarGurus, Inc.
CARG· Nasdaq· Services-Computer Processing & Data Preparation
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 31.9%
- ROIC, 5 yr avg
- 49.6%
- Revenue, 5 yr CAGR
- +10.5%
We record prices for the companies we cover; CARG is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 100.4M
- Revenue
- $907.0M
- Free cash flow
- $288.9M
- Owner earnings
- $238.5M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 92.8%
- Operating
- 27.0%
- Net
- 17.2%
- Free cash flow
- 31.9%
- Owner earnings
- 26.3%
- Stock pay
- 5.6%
Returns
- ROIC, FY2025
- 103.6%
- ROIC, 5 yr avg
- 49.6%
- ROE, FY2025
- 41.7%
- ROE, 5 yr avg
- 16.8%
Growth (CAGR)
- Revenue, 3 yr
- -18.2%
- Revenue, 5 yr
- 10.5%
- Revenue, 9 yr
- 18.4%
- Diluted EPS, 3 yr
- 35.7%
- Diluted EPS, 5 yr
- 17.9%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- 4.9%
- Free cash flow, 5 yr
- 13.4%
- Free cash flow, 9 yr
- 39.8%
Financial health · FY2025
- Cash and investments
- $190.5M
- Total debt
- $0
- Net cash
- $190.5M
- Debt/Equity
- 0.0x
- Debt/FCF
- 0.0x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -2.5%
Financials: ten years from the 10-Ks
Revenue
$907.0M
+18.4% a year over 9 years
FY2016FY2025
Margins
Gross92.8%Operating27.0%Net17.2%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$288.9MOwner earnings$238.5M
Free cash flow +39.8% a year
FY2016FY2025
Diluted shares
100.4M
+127.5% over 9 years, net dilution
FY2016FY2025
Return on invested capital
103.6%
FY2025
FY2016FY2025
Net cash
$190.5M
$190.5M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $198.1M | $316.9M | $454.1M | $588.9M | $551.5M | $951.4M | $1.7B | $698.4M | $798.0M | $907.0M |
| Revenue growth | 101.0% | 59.9% | 43.3% | 29.7% | -6.4% | 72.5% | 74.0% | -57.8% | 14.3% | 13.7% |
| Gross margin | 95.2% | 94.4% | 94.5% | 93.8% | 92.3% | 69.1% | 39.7% | 91.2% | 91.2% | 92.8% |
| Operating margin | 4.3% | 4.8% | 5.1% | 5.8% | 17.7% | 15.6% | 6.6% | 17.2% | 19.7% | 27.0% |
| Net income | $6.5M | $13.2M | $65.2M | $42.1M | $77.6M | $109.2M | $84.4M | $36.9M | $21.0M | $155.9M |
| Net margin | 3.3% | 4.2% | 14.4% | 7.2% | 14.1% | 11.5% | 5.1% | 5.3% | 2.6% | 17.2% |
| Diluted EPS | $-0.58 | $0.12 | $0.57 | $0.37 | $0.68 | $0.00 | $0.62 | $0.19 | $0.20 | $1.55 |
| Return on invested capital? | – | – | – | – | – | 38.5% | 29.0% | 26.2% | 50.6% | 103.6% |
| Cash | ||||||||||
| Operating cash flow | $20.0M | $25.7M | $51.7M | $70.1M | $156.7M | $98.3M | $256.1M | $124.5M | $255.5M | $295.3M |
| Capital expenditure | $5.8M | $5.2M | $6.0M | $11.2M | $3.0M | $7.7M | $5.9M | $24.6M | $75.2M | $6.4M |
| Free cash flow | $14.2M | $20.5M | $45.8M | $58.9M | $153.8M | $90.6M | $250.2M | $100.0M | $180.3M | $288.9M |
| Stock-based compensation | $322.0K | $5.0M | $20.8M | $34.3M | $45.1M | $53.5M | $54.8M | $63.7M | $62.3M | $50.4M |
| Owner earnings? | $13.8M | $15.5M | $25.0M | $24.6M | $108.7M | $37.1M | $195.4M | $36.2M | $118.0M | $238.5M |
| Free cash flow per share | $0.32 | $0.34 | $0.40 | $0.52 | $1.35 | $0.77 | $1.95 | $0.88 | $1.70 | $2.88 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – | $14.4M | $208.5M | $146.2M | $351.9M |
| Diluted shares | 44.1M | 60.6M | 113.4M | 113.4M | 113.8M | 117.1M | 128.2M | 114.2M | 106.3M | 100.4M |
| Share count change? | 2.3% | 37.4% | 87.0% | 0.1% | 0.4% | 2.9% | 9.4% | -10.9% | -6.9% | -5.5% |
| Balance sheet | ||||||||||
| Cash and equivalents | $29.5M | $87.7M | $34.9M | $59.9M | $190.3M | $231.9M | $469.5M | $291.4M | $304.2M | $190.5M |
| Short-term investments | $44.8M | $50.0M | – | – | – | – | – | $20.7M | $0 | – |
| Total debt | – | – | – | – | – | $0 | $0 | $0 | $0 | $0 |
| Net debt | – | – | – | – | – | -$231.9M | -$469.5M | -$312.1M | -$304.2M | -$190.5M |
| Shareholders' equity | -$68.0M | $127.0M | $194.1M | $256.9M | $373.6M | $516.8M | $734.6M | $616.9M | $541.7M | $374.2M |
Latest filings
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-08-06 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-04-22 | DEF 14A | Proxy statement |
| 2026-02-19 | 10-K | Annual report |
| 2026-02-19 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
| 2025-08-07 | 10-Q | Quarterly report |
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