Filing Flows › CarGurus (CARG) › Q2 2026 › vs Q2 2025
CarGurus (CARG) Q2 2026 vs Q2 2025 (year over year)
CarGurus's revenue rose $29.0M (+13%) from $222M in Q2 2025 to $251M in Q2 2026. Gross margin 92.1% against 92.9% (-0.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 92.1% | 92.9% | -0.9 pts |
| Operating margin | 25.1% | 27.3% | -2.2 pts |
| Net margin | 19.6% | 10.1% | +9.5 pts |
| Free cash flow margin | 37.5% | 32.2% | +5.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $251M | $222M | $29.0M | +13% |
| Gross profit | $231M | $206M | $24.8M | +12% |
| Cost of revenue | $19.9M | $15.7M | $4.2M | +27% |
| Operating profit | $63.0M | $60.5M | $2.4M | +4% |
| Operating expenses | $168M | $146M | $22.3M | +15% |
| Pre-tax earnings | $63.5M | $36.5M | $27.0M | +74% |
| Research & development | $38.1M | $33.7M | $4.4M | +13% |
| Sales & marketing | $97.6M | $82.6M | $15.0M | +18% |
| General & admin | $28.2M | $25.3M | $2.9M | +12% |
| Other operating costs | $4.1M | $4.2M | −$59K | -1% |
| Net earnings | $49.2M | $22.3M | $26.9M | +120% |
| Income tax | $14.3M | $14.1M | $173K | +1% |
| Depreciation & amortization | $7.9M | $6.7M | $1.2M | +19% |
| Share-based compensation | $13.4M | $13.0M | $333K | +3% |
| Working capital & other | $24.1M | $31.1M | −$7.0M | -22% |
| Operating cash flow | $94.6M | $73.1M | $21.5M | +29% |
| Free cash flow (OCF − capex) | $94.0M | $71.5M | $22.5M | +31% |
| Capital expenditures | $562K | $1.6M | −$1.0M | -64% |
Questions
How much did CarGurus's revenue grow year over year in Q2 2026?
CarGurus's revenue rose $29.0M (+13%) from $222M in Q2 2025 to $251M in Q2 2026. Gross margin 92.1% against 92.9% (-0.9 pts).