Filing Flows › CarGurus (CARG) › Q2 2026 › vs Q1 2026
CarGurus (CARG) Q2 2026 vs Q1 2026 (quarter over quarter)
CarGurus's revenue rose $7.4M (+3%) from $244M in Q1 2026 to $251M in Q2 2026. Gross margin 92.1% against 92.2% (-0.1 pts).
CarGurus, Q2 2026: revenue $251M (+13% year over year), operating margin 25.1%, net earnings $49.2M, operating cash flow $94.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 92.1% | 92.2% | -0.1 pts |
| Operating margin | 25.1% | 16.5% | +8.6 pts |
| Net margin | 19.6% | 13.2% | +6.4 pts |
| Free cash flow margin | 37.5% | 28.5% | +8.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $251M | $244M | $7.4M | +3% |
| Gross profit | $231M | $225M | $6.5M | +3% |
| Cost of revenue | $19.9M | $18.9M | $939K | +5% |
| Operating profit | $63.0M | $40.1M | $22.9M | +57% |
| Operating expenses | $168M | $185M | −$16.4M | -9% |
| Pre-tax earnings | $63.5M | $41.1M | $22.3M | +54% |
| Research & development | $38.1M | $37.7M | $466K | +1% |
| Sales & marketing | $97.6M | $97.5M | $151K | +0.2% |
| General & admin | $28.2M | $26.5M | $1.7M | +7% |
| Other operating costs | $4.1M | $22.9M | −$18.8M | -82% |
| Net earnings | $49.2M | $32.2M | $17.0M | +53% |
| Income tax | $14.3M | $8.9M | $5.4M | +60% |
| Depreciation & amortization | $7.9M | $7.2M | $759K | +11% |
| Share-based compensation | $13.4M | $13.3M | $86K | +0.6% |
| Working capital & other | $24.1M | $17.2M | $6.9M | +40% |
| Operating cash flow | $94.6M | $69.8M | $24.7M | +35% |
| Free cash flow (OCF − capex) | $94.0M | $69.5M | $24.6M | +35% |
| Capital expenditures | $562K | $391K | $171K | +44% |
Questions
How much did CarGurus's revenue grow quarter over quarter in Q2 2026?
CarGurus's revenue rose $7.4M (+3%) from $244M in Q1 2026 to $251M in Q2 2026. Gross margin 92.1% against 92.2% (-0.1 pts).