Filing Flows › Technology › CarGurus (CARG)
CarGurus (CARG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · CarGurus (CARG) Q3 2026 earnings results →
Q3 2026 Revenue up 12% year over year to $258M · 20¢ of every $1 of revenue kept as net profit · operating margin 26.3%
CarGurus made $258M in Q3 2026 (+12% Y/Y). Operating margin 26.3%, net earnings $52.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $258.4M in Q3 2026, up 12% year over year and up 3% from the previous quarter.
Gross margin was 91.8%, down 0.9 points from Q3 2025. Operating profit was $67.9M, a 26.3% margin (down 1.4 points year over year). Of the extra revenue versus Q3 2025, 14% reached operating profit, below the 28% margin then. Operating expenses grew 12% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $52.8M, up 18% year over year. The effective tax rate was 23.1%.
Operating cash flow was $80.8M (up 14% year over year), 153% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items added $6.3M. Capital expenditures of $1.0M left free cash flow of $79.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $258M | +12% | 26.3% | $52.8M | $80.8M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $251M | +13% | 25.1% | $49.2M | $94.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $244M | +15% | 16.5% | $32.2M | $69.8M |
| Q4 2025 | 10-K | Feb 19, 2026 | $241M | +15% | 49.4% | $49.8M | $83.1M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $232M | +0.1% | 23.6% | $44.7M | $71.2M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $234M | +7% | 10.6% | $22.3M | $73.1M |
| Q1 2025 | 10-Q | May 8, 2025 | $225M | +4% | 20.3% | $39.0M | $67.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About CarGurus
CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No. 1 visited automotive shopping site in the U.S. 1 with the largest selection of inventory and network of dealers. 2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey — from online research and shopping to in-dealership decisions — to empower them at every step.
In its own words, from its 8-K, filed Aug 6, 2026.
CarGurus against its Services-Computer Processing & Data Preparation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +6%. Operating margin: 26.3% against the peers' median 17.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CARG CarGurus | Q3 2026 | $258M | +12% | 26.3% |
| ADP Automatic Data Processing | Q1 FY27 | $5.5B | +6% | 23.9% |
| DXC DXC Technology | Q2 FY27 | $3.0B | -4% | 6.2% |
| WDAY Workday | Q2 FY27 | $2.6B | +13% | 11.8% |
| TOST Toast | Q3 2026 | $2.0B | +21% | 8.3% |
| RDDT Reddit | Q3 2026 | $895M | +53% | 29.2% |
| VRSK Verisk Analytics | Q3 2026 | $809M | +5% | 45.2% |
| RNG RingCentral | Q3 2026 | $676M | +6% | 8.0% |
| PLTK Playtika Holding | Q3 2026 | $674M | -0.1% | 17.2% |
Source: CarGurus 10-Q on SEC EDGAR · CIK 1494259 · Services-Computer Processing & Data Preparation
Guidance and outlook
13F: who owns CARG and who is buying
More on CARG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results