Filing Flows › CarGurus (CARG) › Q3 2026 › vs Q3 2025
CarGurus (CARG) Q3 2026 vs Q3 2025 (year over year)
CarGurus's revenue rose $26.7M (+12%) from $232M in Q3 2025 to $258M in Q3 2026. Gross margin 91.8% against 92.7% (-0.9 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 91.8% | 92.7% | -0.9 pts |
| Operating margin | 26.3% | 27.7% | -1.4 pts |
| Net margin | 20.4% | 19.3% | +1.1 pts |
| Free cash flow margin | 30.9% | 30.1% | +0.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $258M | $232M | $26.7M | +12% |
| Gross profit | $237M | $215M | $22.4M | +10% |
| Cost of revenue | $21.3M | $16.9M | $4.3M | +26% |
| Operating profit | $67.9M | $64.1M | $3.8M | +6% |
| Operating expenses | $169M | $151M | $18.6M | +12% |
| Pre-tax earnings | $68.6M | $58.8M | $9.8M | +17% |
| Research & development | $38.5M | $34.1M | $4.4M | +13% |
| Sales & marketing | $99.2M | $87.0M | $12.2M | +14% |
| General & admin | $27.5M | $25.5M | $2.0M | +8% |
| Other operating costs | $3.9M | $3.9M | $21K | +0.5% |
| Net earnings | $52.8M | $44.7M | $8.1M | +18% |
| Income tax | $15.8M | $14.1M | $1.8M | +13% |
| Depreciation & amortization | $8.7M | $7.4M | $1.4M | +19% |
| Share-based compensation | $13.0M | $12.6M | $376K | +3% |
| Working capital & other | $6.3M | $6.5M | −$166K | -3% |
| Operating cash flow | $80.8M | $71.2M | $9.6M | +14% |
| Free cash flow (OCF − capex) | $79.8M | $69.8M | $10.0M | +14% |
| Capital expenditures | $996K | $1.4M | −$366K | -27% |
Questions
How much did CarGurus's revenue grow year over year in Q3 2026?
CarGurus's revenue rose $26.7M (+12%) from $232M in Q3 2025 to $258M in Q3 2026. Gross margin 91.8% against 92.7% (-0.9 pts).