CarGurus (CARG) Balance Sheet: Assets & Liabilities

CarGurus (CARG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), CarGurus reported total assets of $661.90M and total liabilities of $287.70M. Shareholders' equity was $374.20M, down 30.9% from $541.69M a year earlier. Total debt stood at $190.83M against $190.52M in cash and short-term investments, a net debt position of $315.00K. That puts debt-to-equity at 0.51, compared with 0.36 a year earlier.

CarGurus Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for CarGurus, Inc. (CARG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	190.52	304.19	291.36	469.52	231.94	190.30	59.92	34.89	87.71
Short-Term Investments	0.00	0.00	20.72	0.00	90.00	100.00	111.69	122.80	50.00
Cash & Short-Term Investments	190.52	304.19	312.09	469.52	321.94	290.30	171.61	157.69	137.71
Accounts Receivable	41.94	44.25	39.96	46.82	189.32	18.24	22.12	13.61	12.58
Inventory	0.00	0.34	0.33	5.28	19.66	0.00	0.00	16.15	0.00
Other Current Assets	50.49	42.43	38.81	35.75	16.43	23.44	25.22	23.56	3.14
Total Current Assets	282.95	391.21	391.19	557.37	563.11	331.98	218.95	194.86	157.20
Non-Current Assets
Property, Plant & Equipment (Net)	248.43	251.49	253.05	97.00	92.82	88.32	87.94	24.27	16.56
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.92	1.84
Goodwill	28.40	46.17	157.90	157.47	158.29	29.13	15.21	0.00	0.00
Intangible Assets	3.25	11.77	23.06	53.05	83.92	10.86	3.92	0.00	0.00
Other Non-Current Assets	17.67	17.23	93.73	26.73	14.20	22.24	24.89	10.28	2.00
Total Non-Current Assets	378.95	433.33	527.74	369.74	368.47	170.32	174.67	73.43	19.39
Total Assets	661.90	824.54	918.93	927.10	931.57	502.30	393.62	268.29	176.59
Current Liabilities
Accounts Payable	29.12	26.41	47.85	32.53	66.15	21.56	36.73	34.35	23.91
Short-Term Debt	9.47	9.01	12.28	14.76	13.19	11.09	8.78	0.00	0.00
Accrued Liabilities	38.39	15.91	33.72	39.19	30.03	-	-	-	-
Deferred Revenue	23.56	21.66	21.32	12.25	12.78	9.14	9.98	8.81	4.31
Other Current Liabilities	3.13	8.11	33.72	39.18	28.08	24.52	18.26	10.20	13.22
Total Current Liabilities	100.54	93.05	115.18	98.73	170.71	66.54	73.76	63.50	42.97
Non-Current Liabilities
Long-Term Debt	181.36	183.74	182.11	51.66	57.52	58.81	60.82	0.00	0.00
Deferred Tax Liabilities	0.44	0.03	0.06	0.05	0.06	0.29	0.28	7.93	0.00
Other Non-Current Liabilities	5.35	6.03	4.79	5.30	23.64	3.08	1.91	10.68	6.60
Total Non-Current Liabilities	187.16	189.80	186.90	57.01	81.22	62.18	63.01	10.68	6.60
Total Liabilities	287.70	282.85	302.08	155.74	251.93	128.71	136.77	74.18	49.57
Stockholders' Equity
Common Stock	0.10	0.10	0.11	0.12	0.12	0.11	0.11	0.11	0.11
Retained Earnings	362.38	375.12	354.15	323.04	129.26	129.41	51.86	9.71	-58.50
Accumulated Other Comprehensive Income	1.43	-2.55	-0.90	-1.64	-0.40	1.88	-0.35	0.07	0.23
Additional Paid-in Capital	10.30	169.01	263.50	413.09	387.87	242.18	205.23	184.22	185.19
Minority Interest	0.00	0.00	0.00	36.75	162.81	0.00	0.00	0.00	0.00
Shares Outstanding	94.88	103.99	108.17	117.64	117.77	-	-	-	-
Total Stockholders' Equity	374.20	541.69	616.85	734.61	516.84	373.59	256.86	194.11	127.03
Total Liabilities & Equity	661.90	824.54	918.93	927.10	931.57	502.30	393.62	268.29	176.59

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CarGurus Balance Sheet

How much debt does CarGurus have?

CarGurus had total debt of $190.83M as of Dec 31, 2025, against $190.52M in cash and short-term investments. Its debt-to-equity ratio was 0.51. Total debt was $192.74M a year earlier.

What are CarGurus's total assets?

CarGurus reported total assets of $661.90M as of Dec 31, 2025, down 19.7% from $824.54M a year earlier. Total liabilities were $287.70M.

What is CarGurus's shareholders' equity?

CarGurus's shareholders' equity was $374.20M as of Dec 31, 2025, or about $3.94 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition