CarGurus Quarterly Income Statement
NASDAQ: CARGTechnologyEDP ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CarGurus revenue and earnings
In the quarter ended Jun 30, 2026, CarGurus generated $251.0 million in revenue, up 13.1% from the same quarter a year earlier. Net income was $49.2 million (+120.2% year over year), for a net margin of 19.6% versus a median of 18.4% in the prior 5 quarters. Gross margin was 92.1% (down from 92.9%) and operating margin 25.1%.
Diluted earnings per share came in at $0.54, up from $0.22.
Summary generated from market data by MetaCap's automated system. Methodology
CarGurus income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 250.97M | 243.56M | 241.09M | 231.65M | 222.00M | 212.24M | 210.24M | 204.55M | 195.85M | 187.40M | 7.30M | 219.42M |
| Revenue growth (YoY) | +13.05% | +14.76% | +14.67% | +13.25% | +13.35% | +13.26% | +2779.27% | -6.77% | -18.31% | -19.21% | -97.45% | -48.55% |
| Cost of Revenue | 19.87M | 18.93M | 18.50M | 16.95M | 15.68M | 14.34M | 14.16M | 25.09M | 15.28M | 15.83M | -145.89M | 55.12M |
| Gross Profit | 231.10M | 224.62M | 222.59M | 214.71M | 206.32M | 197.89M | 196.09M | 179.47M | 180.58M | 171.57M | 153.19M | 164.30M |
| Operating Expenses | 168.12M | 184.54M | 104.72M | 158.86M | 145.77M | 147.24M | -9.27M | 155.12M | 276.03M | 148.68M | 87.75M | 141.20M |
| Research & Development | 38.14M | 37.67M | 31.35M | 36.32M | 33.73M | 35.03M | 30.53M | 36.36M | 36.58M | 35.55M | 27.32M | 35.43M |
| Selling, General & Admin | 125.84M | 123.97M | 99.57M | 117.83M | 107.85M | 108.45M | 81.18M | 109.40M | 109.74M | 110.34M | 65.45M | 101.73M |
| Operating Income | 62.98M | 40.08M | 119.17M | 54.67M | 60.55M | 50.65M | 197.01M | 27.43M | -93.58M | 26.28M | 65.44M | 23.09M |
| Other Income (Expense) | 508.00K | 1.06M | 1.14M | 1.89M | 2.56M | 2.80M | 2.05M | 2.62M | 3.16M | 3.40M | 5.62M | 4.17M |
| Pretax Income | 63.49M | 41.14M | 120.31M | 56.57M | 63.11M | 53.45M | 199.07M | 30.06M | -90.42M | 29.68M | 71.05M | 27.26M |
| Income Tax | 14.30M | 8.92M | 29.67M | 11.85M | 14.12M | 11.38M | 45.42M | 7.55M | -21.70M | 8.38M | 23.27M | 8.29M |
| Net Income | 49.19M | 32.23M | 49.80M | 44.72M | 22.34M | 39.05M | 45.88M | 22.51M | -68.72M | 21.30M | -17.91M | 22.30M |
| Net Income growth (YoY) | +120.17% | -17.46% | +8.54% | +98.65% | — | +83.30% | — | +0.94% | -518.70% | +32.04% | -172.22% | +9.32% |
| EPS (Basic) | 0.55 | 0.34 | 0.52 | 0.46 | 0.23 | 0.38 | 0.44 | 0.22 | -0.66 | 0.20 | -0.21 | 0.20 |
| EPS (Diluted) | 0.54 | 0.34 | 0.51 | 0.45 | 0.22 | 0.37 | 0.43 | 0.21 | -0.65 | 0.20 | -0.20 | 0.17 |
| Shares Outstanding (Basic) | 90.13M | 94.06M | 95.29M | 98.17M | 98.89M | 103.09M | 103.84M | 103.32M | 103.83M | 107.17M | — | 113.22M |
| Shares Outstanding (Diluted) | 91.08M | 95.10M | 96.76M | 99.72M | 100.18M | 105.07M | 106.12M | 105.06M | 105.27M | 108.63M | — | 114.32M |
| EBITDA | 70.91M | 47.25M | 126.93M | 62.03M | 67.23M | 57.21M | 204.05M | 32.61M | -87.92M | 33.77M | 78.20M | 35.56M |
| Gross Margin | 92.08% | 92.23% | 92.33% | 92.68% | 92.94% | 93.24% | 93.27% | 87.74% | 92.20% | 91.55% | 2097.95% | 74.88% |
| Operating Margin | 25.10% | 16.46% | 49.43% | 23.60% | 27.27% | 23.87% | 93.71% | 13.41% | -47.78% | 14.03% | 896.15% | 10.53% |
| Net Margin | 19.60% | 13.23% | 20.66% | 19.30% | 10.06% | 18.40% | 21.82% | 11.00% | -35.09% | 11.37% | -245.21% | 10.16% |
This table shows 12 quarterly periods of CarGurus's income statement, from Q2 2026 back to Q3 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CARG's reporting calendar. What is a income statement?