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CarGurus (CARG) guidance and outlook
CarGurus (CARG) updated its guidance on Nov 5, 2026: Revenue $258M for Q4 2026; Revenue $1.0B for FY2026. CarGurus' 10-Q filed Nov 5, 2026 makes 8 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $258M | new |
| Revenue | FY2026 | $1.0B | new |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- stock‑based compensation expense, which will be, for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy;
- We also offer dealers subscribing to certain of our Listings packages additional exposure and lead enhancements, such as Audience Targeting.
- We expect sales and marketing expense to fluctuate from quarter to quarter due to seasonality and as we respond to changes in the macroeconomic and competitive landscapes affecting our existing dealers, consumer audience, and brand awareness.
- We expect product, technology, and development expense to increase from quarter to quarter as we invest in additional engineering resources to develop innovative new solutions and make improvements to our existing platform.
- We expect general and administrative expense to remain relatively flat for the remainder of the year and to increase in future periods as we continue to scale our business.
- During the three months ended March 31, 2026, we identified a triggering event requiring an impairment test for the 121 First Street lease, which we intend to sublease, primarily due to lower anticipated rental rates.
- We have funded share repurchases and expect to continue to fund share repurchases under the 2026 Share Repurchase Program through cash on hand and cash generated from operations.
- We expect to fund share repurchases under the 2027 Share Repurchase Program through cash on hand and cash generated from operations.
CarGurus' latest quarter
CarGurus, Q3 2026: revenue $258M (+12% year over year), operating margin 26.3%, net earnings $52.8M, operating cash flow $80.8M. The chart follows the revenue to costs, profit and cash.
Questions
Did CarGurus raise or lower its guidance?
CarGurus (CARG) updated its guidance on Nov 5, 2026: Revenue $258M for Q4 2026; Revenue $1.0B for FY2026.
What does CarGurus expect?
stock‑based compensation expense, which will be, for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy; We also offer dealers subscribing to certain of our Listings packages additional exposure and lead enhancements, such as Audience Targeting. We expect sales and marketing expense to fluctuate from quarter to quarter due to seasonality and as we respond to changes in the macroeconomic and competitive landscapes affecting our existing dealers, consumer audience, and brand awareness.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.