CarGurus, Inc.

Listed Company

CARGCIK 0001494259NasdaqLarge AcceleratedServices-Computer Processing & Data PreparationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$906.98M

Net Income

$155.90M

Total Assets

$661.90M

Equity

$374.20M

Shares Out

—

Op. Cash Flow

$295.28M

CARG$34.97+4.42% · past yearDBEQ Basic

Daily closing prices

Business

CarGurus is a multinational automotive platform connecting consumers and dealers to buy and sell vehicles with transparency and data-driven insights. The company operates a two-sided marketplace across the U.S., U.K., and Canada, offering dealer subscription packages for listings, marketing, and conversion tools, plus consumer features for research, shopping, and purchase support. Core revenue streams include dealer subscriptions, automotive manufacturer advertising, and financing-partner partnerships, supported by proprietary pricing algorithms, AI-powered search, and dealer intelligence dashboards. The company operates as a single reportable segment following the wind-down of its CarOffer digital-wholesale business in 2025.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	907	798	698	1,655	951
Cost of revenue	65	70	62	997	294
Gross profit	842	728	637	658	657
Sales and marketing	341	307	278	337	291
Product, technology, and development	138	139	137	124	106
General and administrative	101	103	95	73	98
Impairment	499,000	12	0	0	—
Depreciation and amortization	16	9	7	15	14
Total operating expenses	597	571	516	549	509
Income from continuing operations	244	157	120	108	148
Interest income	9	12	18	4	120,000
Other (expense) income, net	−762,000	−957,000	364,000	−961,000	972,000
Total other income, net	8	11	19	3	1
Income from continuing operations before income taxes	253	168	139	111	149
Provision for income taxes	56	40	47	32	39
Net income from continuing operations	197	129	92	—	—
Net loss from discontinued operations, net of tax benefits	−41	−108	−70	—	—
Consolidated net income	156	21	22	79	110
Net loss attributable to redeemable noncontrolling interest	0	0	−15	−5	1
Net income attributable to CarGurus, Inc.	156	21	37	84	109
Deemed dividend on redemption of noncontrolling interest	0	0	6	0	—
Net income attributable to common stockholders	156	21	31	194	−154,000
Continuing operations	1.99	1.23	0.82	—	—
Consolidated (per share)	1.58	0.2	0.27	1.64	0
Continuing operations	1.96	1.21	0.81	—	—
Consolidated (per share)	1.55	0.2	0.19	0.62	0
Basic	99	105	113	118	117
Diluted	100	106	114	128	117

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	191	304	291	470	232
Accounts receivable, net of allowance for doubtful accounts of $600 and $696, respectively	42	38	40	47	189
Prepaid expenses, prepaid income taxes and other current assets	35	26	25	22	16
Deferred contract costs	15	13	11	9	9
Restricted cash	0	2	3	5	7
Current assets of discontinued operations	0	8	—	—	—
Total current assets	283	391	391	557	563
Property and equipment, net	133	124	83	40	32
Intangible assets, net	3	4	23	53	84
Goodwill	28	27	158	157	158
Operating lease right-of-use assets	115	121	170	57	61
Deferred tax assets	81	107	73	35	13
Deferred contract costs, net of current portion	14	13	13	9	6
Other non-current assets	4	4	7	8	5
Non-current assets of discontinued operations	0	33	—	—	—
Total assets	662	825	919	927	932
Accounts payable	29	22	48	33	66
Accrued expenses, accrued income taxes and other current liabilities	38	32	34	39	79
Deferred revenue	24	22	21	12	13
Operating lease liabilities	9	9	12	15	13
Current liabilities of discontinued operations	0	8	—	—	—
Total current liabilities	101	93	115	99	171
Operating lease liabilities	181	184	182	52	58
Deferred tax liabilities	442,000	26,000	58,000	54,000	58,000
Other noncurrent liabilities	5	6	5	5	24
Non-current liabilities of discontinued operations	0	36,000	—	—	—
Total liabilities	288	283	302	156	252
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding	—	—	—	—	—
Additional paidin capital	10	169	263	413	388
Retained earnings	362	375	354	323	129
Accumulated other comprehensive income (loss)	1	−3	−901,000	−2	−403,000
Total stockholders equity	374	542	617	735	517
Total liabilities and stockholders' equity	662	825	919	927	932

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	28	25	48	45	40
Gain on sale of property and equipment	0	0	−460,000	0	—
Currency loss (gain) on foreign denominated transactions	−404,000	971,000	−283,000	155,000	−70,000
Other non-cash (income) expense, net	−101,000	−816,000	88,000	0	—
Deferred taxes	26	−33	−38	—	—
Provision for doubtful accounts	2	2	378,000	2	999,000
Stock-based compensation expense	50	62	64	55	54
Amortization of deferred financing costs	515,000	515,000	515,000	136,000	0
Amortization of deferred contract costs	16	14	12	11	13
Impairment	33	144	184,000	165,000	—
Accounts receivable	675,000	−5	11	153	−175
Inventory	338,000	−112,000	2	14	−17
Prepaid expenses, prepaid income taxes, and other assets	−8	−2	−1	−7	−5
Deferred contract costs	−19	−16	−18	−14	−8
Accounts payable	4	−5	2	−35	35
Accrued expenses, accrued income taxes, and other liabilities	336,000	4	−3	−25	36
Deferred revenue	2	362,000	9	−525,000	4
Lease obligations	4	42	15	−546,000	1
Net cash provided by operating activities	295	255	125	256	98
Purchases of property and equipment	−6	−75	−25	−6	−8
Proceeds from sale of property and equipment	0	0	460,000	0	—
Capitalization of website development costs	−23	−19	−17	−11	−6
Purchases of short-term investments	0	−494,000	−98	0	−120
Sale of short-term investments	0	21	77	0	—
Advance payments to customers, net of collections	0	259,000	−259,000	0	—
Net cash used in investing activities	−29	−73	−62	73	−68
Proceeds from issuance of common stock upon exercise of stock options	474,000	5	74,000	721,000	663,000
Payment of withholding taxes on net share settlements of restricted stock units	−30	−25	−16	−16	−15
Repurchase of common stock	−352	−146	−209	−14	—
Payment of excise taxes on repurchases of common stock	−680,000	−2	0	0	—
Payment of finance lease obligations	−81,000	−75,000	−70,000	−68,000	−39,000
Payment of tax distributions to redeemable noncontrolling interest holders	0	0	−38,000	−20	—
Acquisition of remaining interest in CarOffer, LLC	0	0	−25	0	—
Change in gross advance payments received from third-party transaction processor	−1	−822,000	−4	−40	47
Net cash used in financing activities	−384	−169	−254	−93	18
Impact of foreign currency on cash, cash equivalents, and restricted cash	2	−2	475,000	−364,000	−597,000
Net (decrease) increase in cash, cash equivalents, and restricted cash	−116	12	−190	236	47
Cash paid for income taxes	20	41	75	61	28
Cash paid for operating lease liabilities	21	15	20	18	16
Cash paid for interest	590,000	772,000	566,000	64,000	—
Unpaid purchases of property and equipment and capitalized hosting arrangements	606,000	2	18	2	478,000
Capitalized stock-based compensation expense in website development and internal-use software costs and hosting arrangements	7	7	6	4	3
Unpaid repurchases of common stock	3	680,000	2	4	—
Obtaining a right-of-use asset in exchange for an operating lease liability	2	−5	149	10	—

Filings

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Frequently asked questions

What is CarGurus, Inc.'s CIK number?

CarGurus, Inc.'s SEC CIK number is 0001494259 (1494259). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CarGurus, Inc.'s SEC filings?

All of CarGurus, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CarGurus, Inc. last report earnings?

CarGurus, Inc. (CARG) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-211932). This is CarGurus, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is CarGurus, Inc.'s most recent earnings 8-K?

CarGurus, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-211932. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CarGurus, Inc.'s latest earnings 8-K →
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