CarGurus, Inc.

CARGNASDAQConsumer Cyclical● Active

$27.51

+$0.09(+0.33%)

Market Cap$2.7B

P/E Ratio—

52W High$39.42

52W Low$26.39

Avg Volume1.3M

Open$27.42

Beta1.21

Overview

CarGurus, Inc. (CARG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CARG · free cash flow · updated Jun 9, 2026

Core FCF metrics

CARG · FCF · TTM · margin & CAGR

Free cash flow was $288.9M for FY2025 (fiscal year ending 2025-12-31), up 60.2% year-over-year The FCF margin was 30.8%. Five-year CAGR stands at +14.1%.

FY2025 Free Cash Flow$288.9M▲ +60.2% YoY

Trailing 12M (TTM)$280.7Mtrailing 4 quarters sum

FCF Margin30.8%$288.9M ÷ revenue

3-Year CAGR+6.5%FY2022 → FY2025

5-Year CAGR+14.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CARG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$295.3M(6M)$288.9M▲ +60.2%30.8%

FY2024$255.5M(75M)$180.3M▲ +116.4%20.2%

FY2023$124.5M(41M)$83.3M▼ 65.1%9.1%

FY2022$256.1M(17M)$238.8M▲ +182.9%14.4%

FY2021$98.3M(14M)$84.4M▼ 43.4%8.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CARG · P/FCF · FCF yield · FCF per share

CarGurus, Inc. (CARG) trades at a FCF yield of 10.56% and a price-to-free-cash-flow ratio of 9.3x. FCF per share stands at $2.95, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

10.56%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.95

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x9.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CARG · cash flow statement · operating / investing / financing

For FY2025, CarGurus, Inc. generated $295.3M in operating cash flow and spent 6M in capital expenditures, yielding $288.9M in free cash flow.

Operating Activities

+$295.3M

Cash from core business operations

2025-12-31

Investing Activities

−$29.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$383.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($295.3M) − |CapEx| (6M) = FCF ($288.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

CARG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

CarGurus, Inc.YOU

CARG

$288.9M+60.2%30.8%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

CarGurus, Inc. (CARG) reported free cash flow of $288.9M for FY2025 (fiscal year ending 2025-12-31), up 60.2% year-over-year. The FCF margin was 30.8%.

Based on available data, CarGurus, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $288.9M in FY2025. The 5-year CAGR stands at +14.1%.

CarGurus, Inc.'s FCF yield is 10.56% and price-to-FCF ratio is 9.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CARG free cash flow · 8 questions

CarGurus, Inc. free cash flow was $288.9M for FY2025, up 60.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $280.7M.

CARG free cash flowCARG FCFCARG FCF 2025CARG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · CarGurus, Inc. · CarGurus, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026