CarGurus profit margin CARG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2016.
- Net margin, 12 months
- 18.2%
- Net margin on a year earlier
- +2.9 pts
- Peer median
- 12.2%
Over the twelve months to Jun 30, 2026, CarGurus kept 18.2% of its revenue as net profit and a gross margin of 92.3%.
Five years earlier its net margin was 15.7%.
The median for 10 application software stocks of a similar size is 12.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 17.2% | n/a | 92.8% |
| FY2024 | 2.6% | 1.7% | 91.2% |
| FY2023 | 4.0% | 3.6% | 71.3% |
| FY2022 | 5.1% | 6.6% | 39.7% |
| FY2021 | 11.5% | 15.6% | 69.1% |
| FY2020 | 14.1% | 17.7% | 92.3% |
| FY2019 | 7.2% | 5.8% | 93.8% |
| FY2018 | 14.4% | 5.1% | 94.5% |
| FY2017 | 4.2% | 4.8% | 94.4% |
| FY2016 | 3.3% | n/a | 95.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 18.2% | +2.9 pts | n/a | |
| Q1 FY26 | 15.9% | +11.2 pts | n/a | |
| Q4 FY25 | 17.2% | +14.6 pts | n/a | |
| Q3 FY25 | 17.3% | +21.4 pts | 25.0% | |
| Q2 FY25 | 15.3% | +19.7 pts | 22.6% | |
| Q1 FY25 | 4.7% | −0.6 pts | 4.6% | |
| Q4 FY24 | 2.6% | −1.4 pts | 1.7% | |
| Q3 FY24 | −4.0% | −11.1 pts | −7.7% | |
| Q2 FY24 | −4.4% | −10.4 pts | −8.0% | |
| Q1 FY24 | 5.3% | +0.1 pts | 5.2% | |
| Q4 FY23 | 4.0% | −1.1 pts | 3.6% | |
| Q3 FY23 | 7.1% | +1.9 pts | 8.6% |
Against its peers
Companies in Software - Application nearest CarGurus' size, closest first, today.
| Company | Profit margin |
|---|---|
| CARGCarGurus | 18.2% |
| FIVNFive9 | 4.9% |
| DXCDXC Technology | 1.0% |
| MGNIMagnite | 22.5% |
| GRNDGrindr | 18.7% |
| RAMPLiveRamp | 18.7% |
| FAFirst Advantage | 1.5% |
| LIFLife360 | 25.7% |
| DVDoubleVerify | 7.7% |
| INODInnodata | 14.7% |
| EVTCEVERTEC | 9.8% |
| Peer median | 12.2% |
Where CarGurus ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on CarGurus
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.