Filing Flows › CarGurus (CARG) › Q3 2026 › vs Q2 2026
CarGurus (CARG) Q3 2026 vs Q2 2026 (quarter over quarter)
CarGurus's revenue rose $7.4M (+3%) from $251M in Q2 2026 to $258M in Q3 2026. Gross margin 91.8% against 92.1% (-0.3 pts).
CarGurus, Q3 2026: revenue $258M (+12% year over year), operating margin 26.3%, net earnings $52.8M, operating cash flow $80.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 91.8% | 92.1% | -0.3 pts |
| Operating margin | 26.3% | 25.1% | +1.2 pts |
| Net margin | 20.4% | 19.6% | +0.8 pts |
| Free cash flow margin | 30.9% | 37.5% | -6.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $258M | $251M | $7.4M | +3% |
| Gross profit | $237M | $231M | $6.0M | +3% |
| Cost of revenue | $21.3M | $19.9M | $1.4M | +7% |
| Operating profit | $67.9M | $63.0M | $5.0M | +8% |
| Operating expenses | $169M | $168M | $1.0M | +0.6% |
| Pre-tax earnings | $68.6M | $63.5M | $5.1M | +8% |
| Research & development | $38.5M | $38.1M | $356K | +0.9% |
| Sales & marketing | $99.2M | $97.6M | $1.6M | +2% |
| General & admin | $27.5M | $28.2M | −$687K | -2% |
| Other operating costs | $3.9M | $4.1M | −$246K | -6% |
| Net earnings | $52.8M | $49.2M | $3.6M | +7% |
| Income tax | $15.8M | $14.3M | $1.5M | +11% |
| Depreciation & amortization | $8.7M | $7.9M | $793K | +10% |
| Share-based compensation | $13.0M | $13.4M | −$355K | -3% |
| Working capital & other | $6.3M | $24.1M | −$17.8M | -74% |
| Operating cash flow | $80.8M | $94.6M | −$13.8M | -15% |
| Free cash flow (OCF − capex) | $79.8M | $94.0M | −$14.2M | -15% |
| Capital expenditures | $996K | $562K | $434K | +77% |
Questions
How much did CarGurus's revenue grow quarter over quarter in Q3 2026?
CarGurus's revenue rose $7.4M (+3%) from $251M in Q2 2026 to $258M in Q3 2026. Gross margin 91.8% against 92.1% (-0.3 pts).