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CarGurus, Inc.

CARG Communication Services Internet Content & Information

CarGurus, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $907.0 million, up 13.7% from fiscal 2024.

Revenue
+13.1%
EPS
+139.1%
Free cash flow
+34.3%

Quarter to June 2026, against a year earlier

35.88 0.64 −1.75%
Market cap
$3.2B
P/E
19.2×
Fwd P/E
15.8×
Dividend yield
—
F-score
8/9
Altman Z
11.59
Beneish M
−3.21
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.00
Sold, $m 7.38
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — — — — — — — —
Sell 5 3 1 1 3 — 3 4 6 1 4 2
Insider Ownership 20.93%

Capital & Financial Ratios $m

Size
Market Cap 3,220.00
Revenue ttm 967.27
Net income ttm 175.94
Free cash flow ttm 291.28
Net debt Q (122.14)
Valuation
P/E 19.19
Forward P/E 15.80
Price / sales 3.34
Forward P/S Powerpack
Price / FCF 11.10
Price / book 12.23 (above 6: high)
Financial health
Current ratio Q 1.85 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +13.05% (above 0%: growing)
Operating income growth Q +4.02% (above 0%: growing)
EPS, this year +15.14% (at or above 15%: strong)
EPS, next year A +15.51% (at or above 15%: strong)
Revenue, next year A +11.91% (at or above 10%: strong)
EPS, past 5 yrs +17.91% (at or above 15%: strong)
EPS, next 5 yrs A +16.05% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.2×, against a ten-year median of 3.9×; over the ten years it ranged from 0.7× in 2022 to 15.4× in 2018.
P/E against its own 10 years 18.47%
10-year low 10-year high
P/S against its own 10 years 24.13%
10-year low 10-year high
P/B against its own 10 years 73.25%
10-year low 10-year high
EV/Sales against its own 10 years 25.67%
10-year low 10-year high
EV/FCF against its own 10 years 15.93%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 315 306 191 122
Receivables 40 38 42 44
Inventory 0 0 — —
Other — — — —
391 391 283 203
2023 2024 2025 Q'26
Payables 48 22 29 36
ST’ Debt — — — —
Other — — — —
115 93 101 110

Compound Annual Growth %

10y 5y 3y
Sales 24.85% 10.46% (18.17%)
Cash Flow 36.75% 13.50% 4.86%
Earnings 0.00% 14.99% (6.99%)
Book Value 0.00% 0.03% (20.14%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.62 Actual 0.66

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.55 0.57 Beat by 0.02
Q4 FY25 0.61 0.63 Beat by 0.02
Q1 FY26 0.56 0.58 Beat by 0.02
Q2 FY26 0.62 0.66 Beat by 0.04
Q3 FY26 0.66 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.34 0.54 — — —
’25 0.37 0.22 0.45 0.51 1.55
’24 0.20 (0.66) 0.21 0.43 0.20
’23 0.10 0.12 0.17 (0.21) 0.19
’22 (0.53) (0.09) 0.14 0.20 0.62
’21 0.19 0.23 0.24 (0.68) 0.00
’20 0.11 0.06 0.29 0.22 0.68
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 244 251 — — —
’25 212 222 239 234 907
’24 187 196 205 210 798
’23 232 240 219 7 698
’22 431 511 426 287 1,655
’21 171 218 223 339 951
’20 158 95 147 152 551
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 70 95 — — —
’25 68 73 71 83 295
’24 52 72 56 76 255
’23 66 29 26 2 125
’22 93 (5) 73 95 256
’21 44 37 54 (37) 98
’20 10 25 74 48 157
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 63 88 — — —
’25 60 65 64 76 266
’24 18 40 41 62 162
’23 60 24 17 (18) 84
’22 89 (10) 69 90 239
’21 42 33 51 (42) 84
’20 8 22 72 46 149
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 198 317 454 589 551 951 1,655 698 798 907 967 +18.4% 1,015 1,106 1,188 +9.4%
Gross margin, % 95.17 94.44 94.54 93.84 92.26 69.10 39.73 91.15 91.19 92.78 92.32 (2.4) pt
EBT 9 16 25 39 99 149 111 139 168 253 241 +45.0%
EBT margin, % 4.51 5.00 5.61 6.57 17.97 15.70 6.73 19.92 21.10 27.88 24.91 +23.4 pt
Net income 6 13 65 42 78 110 79 22 21 156 176 +42.3%
Per share, $
Per share, $ Revenue 4.49 5.67 4.17 5.28 4.89 8.12 13.97 6.17 7.63 9.18 10.73 +8.3%
Earnings (0.58) 0.13 0.60 0.38 0.69 0.00 1.64 0.27 0.20 1.58 1.87 n/m
Cash flow 0.45 0.46 0.48 0.63 1.39 0.84 2.16 1.10 2.44 2.99 3.54 +23.3%
Capex (0.16) (0.13) (0.07) (0.13) (0.07) (0.12) (0.15) (0.36) (0.90) (0.30) (0.30) +6.8%
Free cash flow 0.29 0.33 0.41 0.50 1.32 0.72 2.02 0.74 1.55 2.69 3.23 +28.1%
Book value 1.47 2.28 1.78 2.30 3.31 4.41 6.20 5.45 5.18 3.79 2.93 +11.1%
Shares, m 44 56 109 111 113 117 118 113 105 99 95 +9.4%
Valuation, ×
Valuation, × P/E 101.81 123.94 60.08 95.08 46.66 0.00 8.87 87.11 182.70 24.12 19.19 73.0
P/S 4.17 5.31 8.08 6.66 6.49 4.14 1.03 3.81 4.79 4.18 3.34 4.9
P/B 0.00 13.24 18.91 15.26 9.59 7.62 2.32 4.32 7.05 10.13 12.23 8.8
EV/Sales 3.87 4.87 7.74 6.37 5.97 3.80 0.74 3.36 4.40 3.97 3.22 4.5
EV/FCF 107.25 84.32 79.39 67.08 22.05 42.79 5.14 28.04 21.75 13.54 10.68 47.1
Cash, $m
Cash, $m Operating cash flow 20 26 52 70 157 98 256 125 255 295 319 +34.9%
Capex (7) (7) (7) (14) (8) (14) (17) (41) (94) (29) (27) +16.9%
Free cash flow 13 18 44 56 149 84 239 84 162 266 291 +40.1%
Balance, $m
Balance, $m Working capital 56 114 131 145 265 392 459 276 298 182 93 +13.9%
Net debt (74) (138) (158) (172) (291) (329) (475) (315) (306) (191) (122) +11.0%
Shareholders’ equity 65 127 194 257 374 517 735 617 542 374 264 +21.5%
Returns, %
Returns, % ROA (51.01) 5.13 29.30 12.73 17.31 (0.02) 20.85 3.37 2.41 20.98 27.46 +72.0 pt
ROIC 0.00 0.00 40.63 25.24 73.58 49.24 26.09 24.89 41.71 83.18 103.85 +83.2 pt
ROE (86.67) 24.05 40.59 18.69 24.60 (0.03) 30.97 4.60 3.62 34.04 50.28 +120.7 pt
People
People Employees — 549 732 921 827 1,203 1,403 1,343 1,282 1,218 — +10.5%
Revenue/emp, $m 0.00 0.58 0.62 0.64 0.67 0.79 1.18 0.52 0.62 0.74 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

CarGurus, Inc. vs peers in Internet Content & Information (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TME Tencent Music Entertainment Group Sponsored ADR $6.0B 11.4× 9.8× +11.80% (above 0%: growing) +4.55% (above 0%: growing) +83.69% (above 0%: growing) 44.19% 29.69% Compare
BILI Bilibili Inc. Sponsored ADR $4.8B 27.0× 22.6× +15.10% (above 0%: growing) +71.43% (above 0%: growing) +130.65% (above 0%: growing) 37.22% 4.70% Compare
CARG CarGurus, Inc. $3.2B 19.2× 15.8× +13.05% (above 0%: growing) +139.13% (above 0%: growing) +34.33% (above 0%: growing) 92.08% 25.10%
PPLI People Incorporated $3.1B — (loss-making) 5.6× −3.64% (below 0%: shrinking) n/m +45.58% (above 0%: growing) 63.86% (0.71%) Compare
ATHM Autohome Inc. $2.7B 19.6× 21.6× −28.06% (below 0%: shrinking) −31.91% (below 0%: shrinking) −78.57% (below 0%: shrinking) 77.13% 10.85% Compare
JOYY JOYY Inc. Sponsored ADR $2.6B 18.9× 20.3× +16.35% (above 0%: growing) −10.43% (below 0%: shrinking) +43.68% (above 0%: growing) 34.13% 2.34% Compare
STUB StubHub Holdings, Inc. $2.4B — (loss-making) 17.8× +33.18% (above 0%: growing) n/m +3,087.09% (above 0%: growing) 78.47% 3.40% Compare
RUM RUM Group Inc. $2.3B — (loss-making) — (loss-making) +60.92% (above 0%: growing) n/m −455.57% (below 0%: shrinking) 24.18% (175.35%) Compare
GENI Genius Sports Limited $1.6B — (loss-making) — (loss-making) +64.68% (above 0%: growing) n/m −451.90% (below 0%: shrinking) 32.63% (28.42%) Compare
Median of peers $2.6B 19.3× 19.1× +15.73% −2.94% +44.63% 40.71% 2.87%

All 68 Internet Content & Information stocks →

Pay and ownership Proxy statement filed 22 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.89m 9.22m 120.86
2024 7.80m 11.94m 115.16
2023 3.75m 6.88m 76.14
2022 1.55m (5.91m) 44.15

Ownership

Directors and executive officers, together 66.00%
Langley Steinert 65.30%
BlackRock, Inc. 5.60%
The Vanguard Group, Inc. 4.60%
Wellington Management Group LLP, and its affiliated funds 4.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

CarGurus, Inc. (CARG) Latest News

6 Nov

Impact 3 · · The Motley Fool transcript

5 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · Associated Press
Impact 3 · · GlobeNewswire

19 Oct

Impact 3 · · GlobeNewswire

8 Oct

Impact 3 · · StockStory

2 Oct

Impact 4 · · Simply Wall St.

29 Sep

Impact 4 ·
Impact 3 · · StockStory

6 Aug

Impact 4 · · MarketBeat transcript
Impact 4 ·
Impact 4 ·
Impact 3 ·

21 Jul

Impact 3 ·

23 Jun

Impact 3 · · GlobeNewswire

6 Jun

Impact 3 · · forbes.com

3 Jun

Impact 3 · · MarketBeat

18 May

Impact 4 · · MarketBeat

17 May

Impact 3 · · StockStory

14 May

Impact 3 · · Simply Wall St.

11 May

Impact 4 · · MT Newswires

7 May

Impact 4 · · Simply Wall St.
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 4 · · The Motley Fool transcript
Impact 4 · · GlobeNewswire
Impact 3 · · MarketBeat

9 Apr

Impact 3 · · Simply Wall St.

7 Apr

Impact 3 ·

6 Apr

Impact 3 · · StockStory

CARG metrics, ten years each

stockrow.com/CARG · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com