Want to see CARG full AI Analyst Report?
QARSD by Geography
Tracks the quality-adjusted revenue per session delivered across regions, indicating the effectiveness of CarGurus' platform in converting user engagement into revenue.
U.S. QARSD shows steady, linear improvement, but international QARSD is the faster-growing engine — recent acceleration reflects strong dealer adds and higher take‑rates for digital and add‑on products. Management explicitly flagged international momentum and product-led adoption as multi-quarter catalysts, yet also warned that AI monetization is nascent and planned reinvestment will compress margins near-term. In short: growth is diversifying abroad and becoming more product-driven, but expect temporary margin tradeoffs as they scale new offerings.
CARG QARSD by Geography
| Date | United States QARSD | International QARSD |
|---|---|---|
| Jun 30, 2026 | 8134.00 | 2568.00 |
| Mar 31, 2026 | 7996.00 | 2468.00 |
| Dec 31, 2025 | 7938.00 | 2413.00 |
| Sep 30, 2025 | 7742.00 | 2375.00 |
| Jun 30, 2025 | 7533.00 | 2309.00 |
| Mar 31, 2025 | 7369.00 | 2073.00 |
| Dec 31, 2024 | 7337.00 | 2072.00 |
| Sep 30, 2024 | 7177.00 | 2057.00 |
| Jun 30, 2024 | 6942.00 | 1935.00 |
| Mar 31, 2024 | 6702.00 | 1882.00 |
| Dec 31, 2023 | 6532.00 | 1773.00 |
| Sep 30, 2023 | 6332.00 | 1721.00 |
| Jun 30, 2023 | 6110.00 | 1610.00 |
| Mar 31, 2023 | 5943.00 | 1550.00 |
| Dec 31, 2022 | 5842.00 | 1522.00 |
| Sep 30, 2022 | 5800.00 | 1507.00 |
| Jun 30, 2022 | 5771.00 | 1533.00 |
| Mar 31, 2022 | 5713.00 | 1556.00 |
| Dec 31, 2021 | 5633.00 | 1546.00 |
| Sep 30, 2021 | 5602.00 | 1524.00 |
| Jun 30, 2021 | 5550.00 | 1491.00 |
| Mar 31, 2021 | 5466.00 | 1113.00 |
| Dec 31, 2020 | 5304.00 | 1060.00 |
| Sep 30, 2020 | 5133.00 | 1256.00 |
| Jun 30, 2020 | 3047.00 | 643.00 |
| Mar 31, 2020 | 5115.00 | 1190.00 |
| Dec 31, 2019 | 5016.00 | 1265.00 |