Filing Flows › CarGurus (CARG) › Q2 2026
CarGurus (CARG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
CarGurus (CARG) reported revenue of $251M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +3% from the quarter before. Operating margin was 25.1%, net earnings $49.2M (19.6% of revenue).
CarGurus, Q2 2026: revenue $251M (+13% year over year), operating margin 25.1%, net earnings $49.2M, operating cash flow $94.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $251M | +3% | +13% |
| Gross profit | $231M | +3% | +12% |
| Operating profit | $63.0M | +57% | +4% |
| Net earnings | $49.2M | +53% | +120% |
| Operating cash flow | $94.6M | +35% | +29% |
| Free cash flow | $94.0M | +35% | +31% |
What changed
Revenue was $251.0M in Q2 2026, up 13% year over year and up 3% from the previous quarter.
Gross margin was 92.1%, down 0.9 points from Q2 2025. Operating profit was $63.0M, a 25.1% margin (down 2.2 points year over year). Of the extra revenue versus Q2 2025, 8% reached operating profit, below the 27% margin then. Operating expenses grew 15% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+18%). Net earnings were $49.2M, up 120% year over year. The effective tax rate was 22.5%.
Operating cash flow was $94.6M (up 29% year over year), 192% of net earnings. Non-cash charges added back $7.9M of depreciation and amortization and $13.4M of share-based compensation. Working capital and other items added $24.1M. Capital expenditures of $562K left free cash flow of $94.0M.
Questions
What was CarGurus' revenue in the second quarter 2026?
CarGurus (CARG) reported revenue of $251M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +3% from the quarter before.
Was CarGurus profitable in the second quarter 2026?
Operating profit was $63.0M (25.1% of revenue) and net earnings $49.2M.
Source: CarGurus 10-Q on SEC EDGAR.