Filing Flows › CarGurus (CARG) › Q3 2026
CarGurus (CARG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
CarGurus (CARG) reported revenue of $258M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +3% from the quarter before. Operating margin was 26.3%, net earnings $52.8M (20.4% of revenue).
CarGurus, Q3 2026: revenue $258M (+12% year over year), operating margin 26.3%, net earnings $52.8M, operating cash flow $80.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | +3% | +12% |
| Gross profit | $237M | +3% | +10% |
| Operating profit | $67.9M | +8% | +6% |
| Net earnings | $52.8M | +7% | +18% |
| Operating cash flow | $80.8M | -15% | +14% |
| Free cash flow | $79.8M | -15% | +14% |
What changed
Revenue was $258.4M in Q3 2026, up 12% year over year and up 3% from the previous quarter.
Gross margin was 91.8%, down 0.9 points from Q3 2025. Operating profit was $67.9M, a 26.3% margin (down 1.4 points year over year). Of the extra revenue versus Q3 2025, 14% reached operating profit, below the 28% margin then. Operating expenses grew 12% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $52.8M, up 18% year over year. The effective tax rate was 23.1%.
Operating cash flow was $80.8M (up 14% year over year), 153% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items added $6.3M. Capital expenditures of $1.0M left free cash flow of $79.8M.
Questions
What was CarGurus' revenue in the third quarter 2026?
CarGurus (CARG) reported revenue of $258M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +3% from the quarter before.
Was CarGurus profitable in the third quarter 2026?
Operating profit was $67.9M (26.3% of revenue) and net earnings $52.8M.
Source: CarGurus 10-Q on SEC EDGAR.