CarGurus, Inc.

CarGurus, Inc.

CARG·NASDAQ

$27.25

-8.3%
Consumer CyclicalAuto - Dealerships

CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace that allows customers to search for new and used car listings from its dealers; and connects dealers to a large audience of informed and engaged consumers while providing dealers with actionable data-based insights. It also offers Digital Deal which allows shoppers to start purchase from a VDP on eligible listings that provides them with purchase options; Finance in Advance, where eligible consumers can pre-qualify for financing on cars from dealerships that offer financing from partners; Sell My Car – Top Dealer Offers which allows dealers to make tailored trade-in offers; and Sell My Car – Instant Max Cash Offer which allows consumers to sell vehicles to dealers online. In addition, the company provides dealer listings and data insights products; auto manufacturers and others advertiser products, such as brand reinforcement, category sponsorship, automobile segment exclusivity, and consumer segment exposure; Autolist, an online automotive marketplace through mobile applications and a website; and PistonHeads which is an automotive marketplace, auction platform, and editorial site for automotive enthusiasts. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.

At a Glance

Live Snapshot
Market Cap$2.63B
EPS1.5900
P/E Ratio17.14
Earnings Date08/06/2026
3Y+15.0%
5Y+88.0%
10Y+1376.0%
3Y-140.0%
5Y+74.0%
10Y-44.0%
3Y+314.0%
5Y+3705.0%
10Y-55718.0%
CARG

CarGurus, Inc. Cash Conversion Engine

CARG · NASDAQ
Net Income155.90M
Depreciation & Amortization28.35M
Stock-Based Compensation50.44M
Change in Working Capital-16.68M
Others51.38M
Capital Expenditures-6.38M
Free Cash Flow288.90M

Cash Flow Quality Analysis

FCF Conversion Rate

185.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

2.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+60.2%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$16.68M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

CarGurus, Inc. Cash Flow Statement

CARG • NASDAQ

CarGurus, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
OPERATING ACTIVITIES
155.9M
21M
22.1M
79M
110.4M
77.6M
42.1M
65.2M
13.2M
6.5M
-1.6M
28.3M
25.4M
48.5M
45.3M
40.5M
10.2M
7.8M
5M
3.8M
2.1M
1.1M
25.9M
-33.3M
-37.9M
-22.1M
6.2M
22.2M
-3.7M
-39M
-1.1M
782K
-649K
50.4M
62.3M
63.7M
54.8M
53.5M
45.1M
34.3M
20.8M
5M
322K
1M
51.4M
161.1M
12.2M
13.3M
16.7M
14.7M
8.8M
5.2M
1.2M
-313K
258K
(0.0)
(40.8M)
(74.8M)
(61M)
(27.5M)
(2.8M)
(300K)
(2.3M)
(4.4M)
(2M)
(316K)
-16.7M
19.1M
15.9M
85.9M
-129M
-13M
-19.2M
-5.4M
3.5M
10.6M
12.8M
295.3M
255.5M
124.5M
256.1M
98.3M
156.7M
70.1M
51.7M
25.7M
20M
12.9M
INVESTING ACTIVITIES
-6.4M
-75.2M
-24.6M
-5.9M
-7.7M
-3M
-11.2M
-7.5M
-7.4M
-7.2M
-7.6M
(0.0)
(0.0)
(0.0)
(0.0)
-64.3M
-21.1M
-19.1M
(1.5M)
(2.2M)
(1.4M)
(0.0)
(0.0)
-494K
-98M
(0.0)
-120M
-100M
-177.8M
-212.8M
-50M
-59.8M
(0.0)
0.0
21.2M
77.5M
90M
130M
111.7M
188.9M
140M
44.8M
15M
0.0
-22.9M
-18.5M
-16.4M
-11.3M
-6.2M
-4.6M
-3M
-1.5M
-2.2M
-1.4M
-1.3M
-29.3M
-73M
-61.6M
(72.7M)
-68.1M
-16.9M
-22.3M
-80.3M
-12.6M
-52M
-7.6M
FINANCING ACTIVITIES
-351.5M
-146.2M
-208.5M
-14.4M
0.0
0.0
0.0
0.0
47.7M
0.0
0.0
-81K
-75K
-70K
-68K
-14.3M
-37K
-30K
0.0
0.0
0.0
0.0
-351.9M
-146.2M
-208.5M
-14.4M
(0.0)
(0.0)
(0.0)
-25.9M
(0.0)
-60M
-18M
-32.2M
-22.4M
-45.1M
-78.1M
32.1M
-10M
-14.7M
-23.4M
-2.9M
690K
93K
-383.8M
-168.6M
-253.6M
-92.6M
17.8M
-10.1M
-14.7M
-23.4M
44.8M
690K
50M
CASH FLOW SUMMARY
2.1M
-1.6M
475K
-364K
-597K
440K
-1K
-44K
159K
-45K
0.0
-115.7M
12.3M
-190.2M
235.9M
47.4M
130.2M
33.2M
-52M
58M
-31.3M
55.3M
306.2M
293.9M
484.1M
248.3M
200.9M
70.7M
37.6M
89.6M
31.5M
62.9M
7.6M
190.5M
306.2M
293.9M
484.1M
248.3M
200.9M
70.7M
37.6M
89.6M
31.5M
62.9M
288.9M
180.3M
83.3M
238.8M
84.4M
149.2M
55.9M
44.2M
18.3M
12.8M
5.3M

SEC Filings

CARG - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 22, 2026
June 03, 2026
2026
10-K

10-K 2025 FY

FY

February 19, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 06, 2025
November 06, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 07, 2025
June 30, 2025
2025
8-K

8-K 2025

N/A

August 07, 2025
August 06, 2025
2025
8-K

8-K 2025

N/A

June 05, 2025
June 04, 2025
2025
Showing 1 to 10 of 124 filings