Company Analysis

CarGurus, Inc. (CARG)

Nasdaq: CARG · Services-Computer Processing & Data Preparation · Boston, MA · filing with the SEC since 2010
Grade6.5
◀ Past 6.9● Present 6.4▶ Future 6.2

The grade of CarGurus, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.5/10
◀ Past6.930% of the headline
● Present6.440% of the headline
▶ Future6.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 75th percentile among 77 sector filers · read for itself

From the record

CarGurus, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.4/10

What has it actually done, year after year?

+18.4% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 54th percentile among 64 sector filers · read for its customers

From the record

CarGurus, Inc.'s 10 filed years say what it did: revenue went from $198 million in fiscal 2016 to $907 million in fiscal 2025, up 18.4% a year; it rose in 7 of 9 years; the deepest fall was 58% from fiscal 2022 to fiscal 2023; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span18.4%top 40% of its family
  • the share of years revenue rosebottom 45% of its family
  • the share of filed years with a profittop 11% of its family
  • the deepest fall from a revenue peak57.8%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
9.4/10

How has it treated the people who own it?

Share count shrank 7.8% a year. 100% of cash flow returned. Insiders: 46 sales, 1 purchases.

weight 22% of this tense · 94th percentile among 43 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, CarGurus, Inc.'s diluted share count shrank about 7.8% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 46 sales (44 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-11-09, buying about $1000 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 8% of its family
  • cash returned against operating cash flowtop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
8.2/10

Is it financially healthy right now?

ROE 42%: 42¢ of profit per shareholder dollar. Leverage 43%: owes 43¢ per asset dollar.

weight 33% of this tense · 82nd percentile among 69 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, CarGurus, Inc. earned about 42 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 127 cents per dollar of everything the company owns. Leverage: it owed about 43 cents per dollar of assets, and net share issuance: its share count shrank 5.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 45% of its family
  • return on equitytop 10% of its family
  • gross profit against assetstop 5% of its family
  • the share count against the year beforetop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.1/10

How strong is its position in its industry?

top 49% of 68 in its family; net margin 17.2%.

weight 45% of this tense · 51st percentile among 68 sector filers · read for its customers

From the record

CarGurus, Inc.'s standing among 68 graded names in its industry family: revenue of $907 million in fiscal 2025 ranks in the top 31% by size; a net margin of 17.2% ranks in the top 24%; revenue growth of -18.2% a year over the last 3 filed years ranks in the bottom 10% (its annual reports).

What it rests on

  • revenue against the family$907Mtop 31% of its family
  • net margin17.2%top 24% of its family
  • three-year revenue growth-18.2%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.3/10

What are the people in charge doing?

top 37% of 38 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 63rd percentile among 38 sector filers · read for its shareholders

From the record

CarGurus, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Trevisan, Jason (Chief Executive Officer, as filed), filing under that title since 2021-02-12, 5.7 years (top 33% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 4.9 years (top 50%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 15 peopletop 28% of its family
  • the median years the people in charge have filed4.9 yearstop 50% of its family
  • the chief executive's years on the record5.7 yearstop 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.5/10

How much room does it have to grow?

top 25% of 68 in its family for room to expand.

weight 22% of this tense · 75th percentile among 68 sector filers · read for itself

From the record

CarGurus, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $191 million against debt of $0 thousand leaves 28.8% of its assets as net cash, top 37% of its family; cash from operations less capital spending is 31.9% of revenue (top 5%); a gross margin of 92.8% (top 5%); research spending of 15.2% of revenue (bottom 47%) (its annual report).

What it rests on

  • cash less debt against assets28.8%top 37% of its family
  • cash from operations less capital spending against revenue31.9%top 5% of its family
  • gross margin92.8%top 5% of its family
  • research spending against revenue15.2%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.8/10

What could actually drive growth from here?

bottom 48% of 64 in its family for growth drivers.

weight 45% of this tense · 48th percentile among 64 sector filers · read for its customers

From the record

CarGurus, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -18.2% a year over the last three filed years against 18.4% over all 10, slowing (bottom 7% of its family); the newest year grew 13.7% (top 37%); research spending grew 3.8% a year (top 40%); capital spending grew 2.5% a year (top 37%) (its annual reports). CarGurus, Inc. reported 2 lines of business in fiscal 2024: United States Marketplace at $734 million, Digital Wholesale at $98 million. 1 of 2 grew in the latest filed year, and the largest line is 88% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-36.6 points a yearbottom 7% of its family
  • the newest year's revenue growth13.7%top 37% of its family
  • three-year growth of research spending3.8%top 40% of its family
  • three-year growth of capital spending2.5%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.3/10

Did its newest year beat what its own record pointed to?

top 27% of 54 in its family for expectations against reality.

weight 33% of this tense · 73rd percentile among 54 sector filers · read for its shareholders

From the record

CarGurus, Inc.'s newest year against its own record: revenue of $907 million in fiscal 2025 came in 63.6% above the $554 million its prior three years' pace pointed to (top 16% of its family); net income of $156 million against a prior three-year average of $47 million (top 26%); a net margin of 17.2% against 4.3% before (top 40%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace63.6%top 16% of its family
  • net income against the prior three years' average+229%top 26% of its family
  • net margin against its prior average+12.9 pointstop 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CARG · research, not advice