CARG is the ticker symbol for CarGurus, Inc., a publicly traded Technology sector company listed on Nasdaq. 13F Pro tracks CARG with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is CARG a good stock to buy?

13F Pro's AI ranking engine scores CARG at 70.2/100, ranked #218 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for CARG is available at https://13fpro.ai/company/CARG. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source CARG data?

All CarGurus, Inc. fundamentals and ownership data come directly from SEC EDGAR. CarGurus, Inc. files with the SEC under CIK 1494259. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

CarGurus, Inc. CARG

NasdaqMid CapTechnology

13F Pro quality score

Rank #218 of 2,925TOP 10%

Why it scores 70 Technology peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$250.97M

Quarter to Jun 30

Net income

$49.19M

Quarter to Jun 30

Free cash flow

$94.03M

Quarter to Jun 30

Operating margin

25.1%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$2.72B total

BlackRock, Inc.

$402.38M-1.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

$160.74M+1.7%

VANGUARD CAPITAL MANAGEMENT LLC

$112.57M-5.6%

WELLINGTON MANAGEMENT GROUP LLP

$110.97M-45.3%

MANUFACTURERS LIFE INSURANCE COMPANY, THE

$106.04M+83.3%

STATE STREET CORP

$102.99M-2.4%

Prevatt Capital Ltd

$87.78M+4.0%

Orbis Allan Gray Ltd

$82.07M+3.2%

GEODE CAPITAL MANAGEMENT, LLC

$71.39M-0.3%

CONGRESS ASSET MANAGEMENT CO /MA

$67.37M-6.4%

DIMENSIONAL FUND ADVISORS LP

$62.13M+2.0%

Boston Partners

$58.12M+3.1%

MORGAN STANLEY

$53.64M+15.2%

Invesco Ltd.

$44.98M+2.4%

FORT WASHINGTON INVESTMENT ADVISORS INC /OH/

$36.44M-3.7%

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$36.09M-0.7%

ACADIAN ASSET MANAGEMENT LLC

$32.43M+394.3%

JACOBS LEVY EQUITY MANAGEMENT, INC

$32.16M+11.4%

GOLDMAN SACHS GROUP INC

$31.34M+17.4%

ALTA FOX CAPITAL MANAGEMENT, LLC

$28.76M-46.9%

AMERIPRISE FINANCIAL INC

$28.17M-27.2%

NORTHERN TRUST CORP

$28.08M+1.1%

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$27.06M-46.3%

Nuveen, LLC

$24.89M+55.3%

PRICE T ROWE ASSOCIATES INC /MD/

$23.54M+78.3%

See all 372 institutional holders →

What's Driving CARG's Business? Latest 10-Q Breakdown

38/38 datapoints verified

AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue rose 13% to $251.0 million on dealer subscription growth, with net income from continuing operations roughly flat at $49.2 million as sales and marketing spend jumped 18%.

Biggest Revenue Drivers

U.S.$226.3Mvs $202.7M prior year

Growth in QARSD from signing new dealers at market rates and adoption of add-on products, tier upgrades, and price increases

International$24.7Mvs $19.3M prior year

International paying dealers grew to 8,478 from 7,617 and QARSD rose to $2,568 from $2,309

Biggest Revenue Drivers

Total revenue: $251.0M+13% YoY

U.S.$226.3Mvs $202.7M prior year

Growth in QARSD from signing new dealers at market rates and adoption of add-on products, tier upgrades, and price increases

International$24.7Mvs $19.3M prior year

International paying dealers grew to 8,478 from 7,617 and QARSD rose to $2,568 from $2,309

Largest Expense Items

Sales and marketing$97.6M+18% YoY

$10.2M increase in marketing and advertising for performance marketing vendors and brand campaigns; $4.0M higher employee-related expense

Product, technology, and development$38.1M+13% YoY

$2.1M employee-related increase from headcount and merit, plus $1.2M each in professional services and software expense

General and administrative$28.2M+12% YoY

$2.4M increase in employee-related expenses from headcount, merit increases, and new stock-based compensation grants

Cost of revenue$19.9M+27% YoY

$2.2M more amortization from new capitalized website development and $1.2M higher data center and hosting costs

Margins: Gross margin slipped to 92% from 93% as cost of revenue rose to 8% of revenue. Operating income margin fell to 25% from 27% on higher sales and marketing spend.

Watch Items from the Filing

Sales and marketing rose to 39% of revenue from 37%, outpacing 13% revenue growth and compressing operating margin.
International monthly unique users fell to 8,922K from 10,237K and sessions to 19,457K from 21,294K, partly reflecting new U.K. cookie-consent tracking.
Cash fell to $122.1M from $190.5M after $204.2M of buybacks; only $45.8M remains under the 2026 authorization.
A payment processor for several hundred dealer accounts represented 10.9% of net trade accounts receivable; no customer exceeded 10% of revenue.
Revolver commitments cut from $400.0M to $200.0M on August 6, 2026, with maturity extended to August 6, 2031.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Debt/Equity

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

13fpro.ai/company/CARG

Earnings Per Share

13fpro.ai/company/CARG

Loading ratio trend…

CarGurus, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$907.0M	$155.9M	27.0%
FY 2024	10-K	$798.0M	$21.0M	19.7%
FY 2023	10-K	$698.4M	$36.9M	17.2%
FY 2022	10-K	$1.7B	$84.4M	6.6%
FY 2021	10-K	$951.4M	$109.2M	15.6%
FY 2020	10-K	$551.5M	$77.6M	17.7%

About CarGurus, Inc. (CARG): stock profile, AI score and financials

CarGurus, Inc. (CARG) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores CARG at 70.2/100 on a composite quality score built from its SEC filings, placing it at rank #218 of 2,925 stocks — the top 10% of the AI-ranked universe. CARG scores in the top quartile across balance sheet strength (98.1), free cash flow (86.5), revenue growth (85.5). Areas of concern include institutional flow (10.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 22.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), CarGurus, Inc. reports quarterly revenue of $251.0M, net income of $49.2M, an operating margin of 25.1%. Top institutional holders of CARG by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. CARG trades on the Nasdaq exchange and files with the SEC under CIK 1494259. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CARG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CarGurus, Inc. directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 1494259 →

CarGurus, Inc. CARG

Top Institutional Holders

What's Driving CARG's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

CARG key financials by period

CARG insiders

Congress trading in CARG

About CarGurus, Inc. (CARG): stock profile, AI score and financials

CarGurus, Inc. CARG

Top Institutional Holders

What's Driving CARG's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

CARG key financials by period

Companies similar to CARG

CARG insiders

Congress trading in CARG

About CarGurus, Inc. (CARG): stock profile, AI score and financials