What is the 13F Pro Quality Score for CARG?

13F Pro ranks CarGurus, Inc. (CARG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View CARG's current score at https://13fpro.ai/company/CARG (free sign-up required for the full ranking).

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.

What sector is CARG in?

CarGurus, Inc. (CARG) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives CARG's revenue?

Per CarGurus, Inc.'s latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: U.S. ($226.3M, vs $202.7M prior year); International ($24.7M, vs $19.3M prior year). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/CARG.

What are CARG's largest expenses?

CarGurus, Inc.'s latest 10-Q reports these as the largest expense items: Sales and marketing ($97.6M, +18% YoY); Product, technology, and development ($38.1M, +13% YoY); General and administrative ($28.2M, +12% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is CARG research updated on 13F Pro?

CARG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

CarGurus, Inc.(CARG)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Technology →Nasdaqmid

Institutional-grade research for retail investors

SEC EDGAR: CIK 1494259 CARG stock profile & AI dashboard →

13F Pro Quality Score

63.2/100

Rank #651 of 2,961 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

50.5/100

Profitability

80.6/100

Balance Sheet

98.1/100

Earnings Quality

66.4/100

Free Cash Flow

85.9/100

Institutional Flow

12.6/100

Revenue Scale

49.3/100

Dilution Risk

23.4/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why CARG Scores 63/100

exact factor attribution · 2026-09-11

CARG's composite is driven by free cash flow and capital efficiency, held back by institutional flow and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+5.4 pts

86th pct

Capital efficiency

+4.8 pts

98th pct

Profitability

+4.6 pts

81th pct

Earnings quality

+1.6 pts

66th pct

Revenue growth

+0.1 pts

51th pct

Earnings growth

+0.0 pts

51th pct

Scale

-0.1 pts

49th pct

Shareholder dilution

-1.3 pts

23th pct

Institutional flow

-1.9 pts

13th pct

Latest change (2026-08-06): 67 → 71 · ↑ Revenue growth 39→67

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

CARG Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for CarGurus, Inc. (CARG), a Technology sector company. 13F Pro's AI-powered ranking engine scores CARG at 63.2/100 on a 32-signal composite quality model, placing it at rank #651 of 2,961 stocks — the top 25% of the AI-ranked universe. CARG scores in the top quartile across balance sheet strength (98.1), free cash flow (85.9), profitability (80.6). Areas of concern include institutional flow (12.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 23.4/100, 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. CarGurus, Inc.'s 13F Pro composite quality score has ranged between 34 and 75 since 2021, currently 63.2 — a declining long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about CarGurus, Inc.

Quirks, history, and lore behind CARG — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology company · mid-cap · listed on Nasdaq · headquartered in Massachusetts.
2
The Numbers
Annual revenue in the range of $800 million to $1 billion, built almost entirely on marketplace advertising from dealers who really, really want your attention.
3
The History
Founded in the early 2000s, it grew by convincing car shoppers that transparent pricing data was more useful than a pushy salesperson — and dealers eventually had to agree.
4
The Secret
Its secret weapon is a proprietary deal rating system that tells buyers whether they're getting a great, good, fair, or — ouch — overpriced deal on any listed vehicle.
5
The Lore
It operates in multiple countries including Canada and the UK, and its platform hosts millions of vehicle listings at any given moment — new, used, and certified pre-owned.
6
The Giveaway
It's the online car-shopping marketplace where the 'Gurus' in the name signals they know more about what that used SUV is actually worth than the dealer does.

▶ Think you know your stocks? Play the Daily Ticker

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

✓ 38/38 datapoints verified

AI-extracted from CarGurus, Inc.'s 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 →Share on X

Revenue

Q2 2026

$251.0M

Net Income

Q2 2026

$49.2M

Free Cash Flow

Q2 2026

$94.0M

Operating Margin

Q2 2026

25.1%

D/E Ratio

Q2 2026

0.00

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+13.7% YoY

$907.0MFY 2025

FY22 $1.66BFY23 $698.4MFY24 $798.0MFY25 $907.0M

Net Income

+643.4% YoY

$155.9MFY 2025

FY22 $84.4MFY23 $36.9MFY24 $21.0MFY25 $155.9M

Operating Income

+55.6% YoY

$244.4MFY 2025

FY22 $108.5MFY23 $120.3MFY24 $157.1MFY25 $244.4M

EPS (Diluted)

+675.0% YoY

$1.55FY 2025

FY22 $0.62FY23 $0.19FY24 $0.20FY25 $1.55

Total Assets

-19.7% YoY

$661.9MFY 2025

FY22 $927.1MFY23 $918.9MFY24 $824.5MFY25 $661.9M

Total Debt

$0.00FY 2025

FY22 $0.00FY23 $0.00FY24 $0.00FY25 $0.00

Op. Cash Flow

+15.6% YoY

$295.3MFY 2025

FY22 $256.1MFY23 $124.5MFY24 $255.5MFY25 $295.3M

Free Cash Flow

+60.2% YoY

$288.9MFY 2025

FY22 $250.2MFY23 $100.0MFY24 $180.3MFY25 $288.9M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$907.0M +13.7%	$798.0M +14.3%	$698.4M -57.8%	$1.66B +74.0%	$951.4M +72.5%	$551.5M
Net Income	$155.9M +643.4%	$21.0M -43.2%	$36.9M -56.2%	$84.4M -22.8%	$109.2M +40.9%	$77.6M
Operating Income	$244.4M +55.6%	$157.1M +30.6%	$120.3M +10.9%	$108.5M -26.8%	$148.3M +51.7%	$97.8M
EPS (Diluted)	$1.55 +675.0%	$0.20 +5.3%	$0.19 -69.4%	$0.62	$0.00 -100.0%	$0.68
Total Assets	$661.9M -19.7%	$824.5M -10.3%	$918.9M -0.9%	$927.1M -0.5%	$931.6M +85.5%	$502.3M
Total Debt	$0.00	$0.00	$0.00	$0.00	$0.00	—
Operating Cash Flow	$295.3M +15.6%	$255.5M +105.2%	$124.5M -51.4%	$256.1M +160.6%	$98.3M -37.3%	$156.7M
Free Cash Flow	$288.9M +60.2%	$180.3M +80.4%	$100.0M -60.0%	$250.2M +176.2%	$90.6M -41.1%	$153.8M

Get alerted when CARG's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for CarGurus, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of CARG

BlackRock, Inc.
$402.4M11,803,358 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$160.7M4,715,273 sh
VANGUARD CAPITAL MANAGEMENT LLC
$112.6M3,302,216 sh
WELLINGTON MANAGEMENT GROUP LLP
$111.0M3,255,283 sh
MANUFACTURERS LIFE INSURANCE COMPANY, THE
$106.0M3,110,647 sh
STATE STREET CORP
$103.0M3,021,044 sh
Prevatt Capital Ltd
$87.8M2,575,000 sh
Orbis Allan Gray Ltd
$82.1M2,407,398 sh
GEODE CAPITAL MANAGEMENT, LLC
$71.4M2,093,962 sh
CONGRESS ASSET MANAGEMENT CO /MA
$67.4M1,976,348 sh

Fund	Value	Shares
BlackRock, Inc.	$402.4M	11,803,358
VANGUARD PORTFOLIO MANAGEMENT LLC	$160.7M	4,715,273
VANGUARD CAPITAL MANAGEMENT LLC	$112.6M	3,302,216
WELLINGTON MANAGEMENT GROUP LLP	$111.0M	3,255,283
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$106.0M	3,110,647
STATE STREET CORP	$103.0M	3,021,044
Prevatt Capital Ltd	$87.8M	2,575,000
Orbis Allan Gray Ltd	$82.1M	2,407,398
GEODE CAPITAL MANAGEMENT, LLC	$71.4M	2,093,962
CONGRESS ASSET MANAGEMENT CO /MA	$67.4M	1,976,348

Companies Similar to CARG

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

PEGA

PEGASYSTEMS INC

AI score

Similar quality profile · 20 shared holders

Boston Partners JACOBS LEVY EQUITY MANAGEMENT, INC NORDEA INVESTMENT MANAGEMENT AB

TDC

TERADATA CORP /DE/

AI score

Similar quality profile · 21 shared holders

Boston Partners LSV ASSET MANAGEMENT Hillsdale Investment Management Inc.

EVER

EverQuote, Inc.

AI score

Similar quality profile · 17 shared holders

Boston Partners Hillsdale Investment Management Inc.Hennion & Walsh Asset Management, Inc.

CRUS

CIRRUS LOGIC, INC.

AI score

Similar quality profile · 23 shared holders

Boston Partners JACOBS LEVY EQUITY MANAGEMENT, INC LSV ASSET MANAGEMENT

DOCN

DigitalOcean Holdings, Inc.

AI score

Similar quality profile · 7 shared holders

CONGRESS ASSET MANAGEMENT CO /MA NORDEA INVESTMENT MANAGEMENT AB JACOBS LEVY EQUITY MANAGEMENT, INC

NRDS

NERDWALLET, INC.

AI score

Similar quality profile · 7 shared holders

JACOBS LEVY EQUITY MANAGEMENT, INC OP Asset Management Ltd CAXTON ASSOCIATES LLP

QLYS

QUALYS, INC.

AI score

Similar quality profile · 19 shared holders

FORT WASHINGTON INVESTMENT ADVISORS INC /OH/NORDEA INVESTMENT MANAGEMENT AB Clark Capital Management Group, Inc.

MTCH

Match Group, Inc.

AI score

Similar quality profile · 17 shared holders

Boston Partners JACOBS LEVY EQUITY MANAGEMENT, INC LSV ASSET MANAGEMENT

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Technology Companies

View all Technology →

AGILENT TECHNOLOGIES, INC.

AAOI

APPLIED OPTOELECTRONICS, INC.

AAPL

Apple Inc.

ABNB

Airbnb, Inc.

ACCL

Acco Group Holdings Ltd

ACCS

ACCESS Newswire Inc.

ACFN

ACORN ENERGY, INC.

ACIW

ACI WORLDWIDE, INC.

Put CARG on your watchlist

Track score changes the day CarGurus, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is CARG a good stock to buy?

13F Pro's AI-powered analysis of CarGurus, Inc. (CARG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CARG are available on the CARG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. CARG is classified as a mid company.

Which hedge funds own CARG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CARG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of CarGurus, Inc.'s investment landscape.