Company / Gross Margin
CarGurus Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
92.8%
FY2025
5-year range
39.7% / 92.8%
FY2021-FY2025
Trend
+1.7%
vs FY2024
Sector context
#2 of 11
Communication Services
What the data says
CarGurus's gross margin of 92.8% is higher than 82% of companies in the Communication Services sector (FY2025). Gross Margin has increased for 3 consecutive years, from 39.7% in FY2022 to 92.8% in FY2025.
Based on SEC 10-K filings.
92.8% in FY2025 with a 5-year CAGR of +0.5%. Ranks 2nd among 11 companies in Communication Services.
Remained stable around 92.8% over the past 2 years.
Communication Services sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +53.0pp
- 5-Year Change
- +0.5pp
- 10-Year Change
- -
Sector benchmark
+51.2% above sector average
Key checks
Key Insights
- CarGurus's gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 1.7% year-over-year.
- Currently 31.4pp above the Communication Services sector average.
- Peak gross margin was recorded in FY2017.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Altman Z-Score 3.72 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 40.5%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 92.8% | +1.7% |
| FY2024 | 91.2% | +0.0% |
| FY2023 | 91.1% | +129.4% |
| FY2022 | 39.7% | -42.5% |
| FY2021 | 69.1% | -25.1% |
| FY2020 | 92.3% | -1.7% |
| FY2019 | 93.8% | -0.7% |
| FY2018 | 94.5% | -78.8% |
| FY2017 | 446.4% | +369.1% |
| FY2016 | 95.2% | -0.6% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026