Jun 2026 (Q2 FY26) — Aug 6, 2026
CarGurus Q2 FY26 — AI-Driven Innovation Fuels Growth and Profitability Outlook Raise
Read the full callCarGurus earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 251 | +13.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 25.1 | −2.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 49.2 | +120.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $34.92 on 17 Oct 2025 → $31.02. High $39.03 (23 Dec 2025), low $26.96 (12 Feb 2026).
Overview
Call summaries
CarGurus Q2 FY26 — AI-Driven Innovation Fuels Growth and Profitability Outlook Raise
Read the full callEvery analysed call
Financials
Net profit, year on year: +120% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 205 | 210 | 212 | 222 | 232 | 241 | 244 | 251 |
| Operating profit | 27 | 53 | 51 | 61 | 55 | 119 | 40 | 63 |
| Operating margin | 13.4% | 25.3% | 23.9% | 27.3% | 23.6% | 49.4% | 16.5% | 25.1% |
| Other income | 3 | 2 | 3 | 3 | 2 | 1 | 1 | 1 |
| Profit before tax | 30 | 55 | 53 | 63 | 57 | 120 | 41 | 63 |
| Tax rate | 25.1% | 17.1% | 21.3% | 22.4% | 20.9% | 24.7% | 21.7% | 22.5% |
| Net profit | 23 | 46 | 39 | 22 | 45 | 50 | 32 | 49 |
| EPS ($ per share) | 0.22 | 0.44 | 0.38 | 0.23 | 0.46 | 0.52 | 0.34 | 0.55 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 10 | 52 | 129 | 129 | 323 | 354 | 375 | 362 |
| Total liabilities | 74 | 137 | 129 | 252 | 156 | 302 | 283 | 288 |
| Fixed assets | 24 | 28 | 27 | 32 | 40 | 83 | 124 | 133 |
| Investments | — | — | — | — | — | 21 | 0 | — |
| Total assets | 268 | 394 | 502 | 932 | 927 | 919 | 825 | 662 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 52 | 70 | 157 | 98 | 256 | 125 | 255 | 295 |
| Cash from investing | -80 | -22 | -17 | -68 | 73 | -62 | -73 | -29 |
| Cash from financing | -23 | -15 | -10 | 18 | -93 | -254 | -169 | -384 |
| Net cash flow | -52 | 33 | 130 | 47 | 236 | -190 | 12 | -116 |
| Capital expenditure | -6 | -11 | -3 | -8 | -6 | -25 | -75 | -6 |
| Free cash flow | 46 | 59 | 154 | 91 | 250 | 100 | 180 | 289 |
103 filings between Oct 31, 2025 and Oct 15, 2026.
Purchases
$1.00M
1 purchase by 1 insider
Sales
$8.09M
38 sales by 8 insiders
95% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 2 conversions, 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Trevisan Jason | — | $2.29M | Aug 7, 2026 |
| Zales Samuel | — | $1.75M | Oct 15, 2026 |
| Sarnoff Dafna | — | $1.27M | Oct 2, 2026 |
| Kaufer Stephen | $1.00M | — | Mar 3, 2026 |
| Zamora Javier | — | $831.5K | Aug 3, 2026 |
| Quinn Matthew Todd | — | $579.5K | Oct 2, 2026 |
| Schwartz Greg M | — | $536.0K | Aug 12, 2026 |
| Elshareef Ismail | — | $515.5K | Oct 2, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Zales Samuel COO and President | Sale 10b5-1 plan | 10,000 | $303.1K |
| Oct 2, 2026 | Quinn Matthew Todd Chief Technology Officer | Award | 5,911 | $0 |
| Oct 2, 2026 | Sarnoff Dafna Chief Marketing Officer | Award | 5,911 | $0 |
| Oct 2, 2026 | Quinn Matthew Todd Chief Technology Officer | Sale 10b5-1 plan | 3,824 | $113.3K |
| Oct 2, 2026 | Elshareef Ismail Chief Product Officer | Sale 10b5-1 plan | 2,673 | $79.2K |
| Oct 2, 2026 | Sarnoff Dafna Chief Marketing Officer | Sale 10b5-1 plan | 7,234 | $214.3K |
| Oct 1, 2026 | Steinert Langley Executive Chair | Tax withheld | 12,653 | $376.2K |
| Oct 1, 2026 | Zamora Javier General Counsel and Secretary | Tax withheld | 4,289 | $127.5K |
| Oct 1, 2026 | Zales Samuel COO and President | Tax withheld | 15,614 | $464.2K |
| Oct 1, 2026 | Quinn Matthew Todd Chief Technology Officer | Tax withheld 10b5-1 plan | 9,129 | $271.4K |
| Oct 1, 2026 | Elshareef Ismail Chief Product Officer | Tax withheld 10b5-1 plan | 3,131 | $93.1K |
| Oct 1, 2026 | Sarnoff Dafna Chief Marketing Officer | Tax withheld 10b5-1 plan | 7,550 | $224.5K |
| Oct 1, 2026 | Trevisan Jason Chief Executive Officer | Tax withheld | 21,509 | $639.5K |
| Oct 1, 2026 | Hanson Jennifer Ladd Chief People Officer | Tax withheld | 1,434 | $42.6K |
| Sep 30, 2026 | Hanson Jennifer Ladd Chief People Officer | Tax withheld | 1,144 | $35.6K |
| Sep 15, 2026 | Zales Samuel COO and President | Sale 10b5-1 plan | 10,000 | $346.2K |
| Aug 28, 2026 | Zales Samuel COO and President | Sale 10b5-1 plan | 10,000 | $365.0K |
| Aug 14, 2026 | Elshareef Ismail Chief Product Officer | Sale 10b5-1 plan | 8,957 | $340.4K |
| Aug 13, 2026 | Sarnoff Dafna Chief Marketing Officer | Sale 10b5-1 plan | 17,151 | $634.6K |
| Aug 12, 2026 | Schwartz Greg M Director | Sale | 10,000 | $360.7K |
| Aug 7, 2026 | Trevisan Jason Chief Executive Officer | Sale 10b5-1 plan | 1,100 | $45.2K |
| Aug 3, 2026 | Zamora Javier General Counsel and Secretary | Sale 10b5-1 plan | 6,205 | $230.1K |
| Jul 31, 2026 | Zamora Javier General Counsel and Secretary | Tax withheld 10b5-1 plan | 1,880 | $68.1K |
| Jul 31, 2026 | Elshareef Ismail Chief Product Officer | Tax withheld | 2,300 | $83.4K |
| Jul 2, 2026 | Zamora Javier General Counsel and Secretary | Sale 10b5-1 plan | 3,533 | $127.4K |
| Jul 2, 2026 | Quinn Matthew Todd Chief Technology Officer | Sale 10b5-1 plan | 3,824 | $134.0K |
| Jul 2, 2026 | Hanson Jennifer Ladd Chief People Officer | Sale 10b5-1 plan | 567 | $19.9K |
| Jul 1, 2026 | Zales Samuel COO and President | Tax withheld | 11,526 | $405.0K |
| Jul 1, 2026 | Zales Samuel COO and President | Award | 22,548 | $0 |
| Jul 1, 2026 | Steinert Langley Executive Chair | Tax withheld | 12,654 | $444.7K |
| Jul 1, 2026 | Sarnoff Dafna Chief Marketing Officer | Tax withheld | 7,550 | $265.3K |
| Jul 1, 2026 | Trevisan Jason Chief Executive Officer | Tax withheld | 21,509 | $755.8K |
| Jul 1, 2026 | Hanson Jennifer Ladd Chief People Officer | Sale 10b5-1 plan | 2,499 | $86.4K |
| Jul 1, 2026 | Zamora Javier General Counsel and Secretary | Tax withheld | 4,119 | $144.7K |
| Jul 1, 2026 | Quinn Matthew Todd Chief Technology Officer | Tax withheld | 9,128 | $320.8K |
| Jul 1, 2026 | Elshareef Ismail Chief Product Officer | Tax withheld | 2,106 | $74.0K |
| Jul 1, 2026 | Hanson Jennifer Ladd Chief People Officer | Tax withheld 10b5-1 plan | 1,192 | $41.9K |
| Jun 30, 2026 | Hanson Jennifer Ladd Chief People Officer | Tax withheld 10b5-1 plan | 1,039 | $35.4K |
| Jun 29, 2026 | Zamora Javier General Counsel and Secretary | Sale 10b5-1 plan | 3,532 | $120.4K |
| Jun 26, 2026 | Zamora Javier General Counsel and Secretary | Sale 10b5-1 plan | 165 | $5.5K |
| Jun 26, 2026 | Zamora Javier General Counsel and Secretary | Sale 10b5-1 plan | 3,367 | $109.8K |
| Jun 9, 2026 | Steinert Langley Executive Chair | Conversion | 377,639 | $0 |
| Jun 9, 2026 | Steinert Langley Executive Chair | Conversion | 74,998 | $0 |
| Jun 3, 2026 | Schwartz Greg M Director | Award | 7,339 | $0 |
| Jun 3, 2026 | Kaufer Stephen Director | Award | 7,339 | $0 |
| Jun 3, 2026 | HICKOK LORI A Director | Award | 7,339 | $0 |
| Jun 3, 2026 | Gupta Manik Director | Award | 7,339 | $0 |
| Jun 3, 2026 | Conine Steven Director | Award | 7,339 | $0 |
| Jun 1, 2026 | Zamora Javier General Counsel and Secretary | Sale 10b5-1 plan | 7,881 | $232.6K |
| Jun 1, 2026 | Zamora Javier General Counsel and Secretary | Sale 10b5-1 plan | 191 | $5.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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