CarGurus

Cargurus, Inc. engages in the provision of online auto shopping. The firm offers proprietary technology, search algorithms and data analytics to analyze new and used car listings. It operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services and other revenues from customers outside of the United States. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

Earnings data Q2 2021

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CarGurus surpasses Q4 expectations amidst market challenges, eyes 2023 growth

CarGurus navigated challenges in the automotive market, exceeding forecasted guidance with record marketplace revenue and gross profit.
Management's optimism about core business strength, lead quality, and innovation in digital offerings positions the company for growth in 2023.
Operational efficiency, financial stability, and proactive management strategies are key strengths driving CarGurus' performance.
Addressing challenges in CarOffer optimization and market dynamics presents opportunities for sustainable growth and revenue optimization.

CarGurus exceeds revenue forecasts, focuses on digital growth strategies

CarGurus showcased strong financial performance in Q1 2023, with a focus on operational excellence and profitability. Despite challenges like low inventory levels, the company's strategic initiatives such as Digital Deal and brand ad campaigns position it well for growth and market expansion.

CarGurus exceeds Q2 earnings expectations, eyes pricing strategies for growth

CarGurus delivered strong financial performance in Q2 2023, showcasing operational efficiency and revenue growth in the Marketplace segment. While facing challenges in the Wholesale market and macroeconomic factors, the company is focused on seizing opportunities to drive future growth through pricing strategies and product enhancements.

CarGurus surpasses Q3 earnings expectations, eyes growth amid challenges

CarGurus delivered strong financial results, exceeding EBITDA guidance and showcasing operational efficiency
Introduction of new products and focus on premium packages position CarGurus for continued growth
Challenges like declining wholesale prices and market uncertainties require strategic adjustments
Opportunities in subscription models and consumer behavior changes present avenues for market expansion

CarGurus excels in Q4 2023 with strong financial growth and innovative products

CarGurus demonstrated robust financial performance in Q4 2023, marked by profitability, revenue growth, and enhanced product offerings through AI-driven tools and innovative products.
While facing challenges in scaling successes and balancing financial discipline with growth investments, the company remains well-positioned to capitalize on opportunities in subscription offerings, ad revenue, and dealer value-add services.
Overall, CarGurus' strategic focus on monetization, customer experience, and market expansion sets a positive trajectory for continued growth and success in the automotive marketplace.

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Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

CarGurus topped estimates, but is it positioned to outlast COVID-19?

CarGurus Sinks Despite Topping Q2 Estimates

CarGurus (CARG) delivered earnings and revenue surprises of 1800.00% and 10.44%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

CarGurus (CARG) Q2 Earnings and Revenues Top Estimates

CarGurus Announces Second Quarter 2020 Results

As of late, it has definitely been a great time to be an investor in CarGurus.

CarGurus' Shares March Higher, Can It Continue?

SPXC vs. CARG: Which Stock Is the Better Value Option?

CarGurus (CARG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: CarGurus (CARG) Q2 Earnings Expected to Decline

CAMBRIDGE, Mass., July  24, 2020  (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global online automotive marketplace, announced it will issue a press release reporting financial results for the  second quarter ended June 30, 2020, after the close of the market on August 6, 2020.

CarGurus to Report Second Quarter 2020 Financial Results

Survey Finds Vehicle Purchase Intent Remains High, Ride-Sharing and Public Transit Usage Expected to Decrease Survey Finds Vehicle Purchase Intent Remains High, Ride-Sharing and Public Transit Usage Expected to Decrease

CarGurus Releases Latest COVID-19 Sentiment Study

Survey Finds Vehicle Purchase Intent in Canada Remains High, Ride-Sharing and Public Transit Usage Expected to Decrease Survey Finds Vehicle Purchase Intent in Canada Remains High, Ride-Sharing and Public Transit Usage Expected to Decrease

CarGurus Releases Latest COVID-19 Sentiment Study in Canada

A new consumer survey by CarGurus shows increased intent to buy a new vehicle but other studies conclude, the lingering Covid-19 pandemic could kill that enthusiasm.

CarGurus Survey Finds Auto Shopper Optimism, But Threatened By Lingering Pandemic

SPXC or CARG: Which Is the Better Value Stock Right Now?

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc (Nasdaq: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade, or finance pre-owned vehicles, today announced it was chosen for a pilot program with CarGurus (Nasdaq: CARG), a leading global online automotive marketplace. CarGurus will leverage RumbleOn’s technology as well as their transportation and distribution services in the testing of a new inventory acquisition product for dealers that enab

RumbleOn Announces a Dealer-Centric Pilot Program With CarGurus

Data Shows the Consumer-Friendly Experience Ultimately Helps Dealers Sell Vehicles Faster Data Shows the Consumer-Friendly Experience Ultimately Helps Dealers Sell Vehicles Faster

Third-Party Report Verifies CarGurus Outperforms Competing Automotive Marketplaces

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Why These 3 Online Car Sales Companies Jumped More Than 11% in May

CAMBRIDGE, Mass., June  08, 2020  (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, today announced that Jason Trevisan, Chief Financial Officer and President, International, is scheduled to present at the William Blair 40th Annual Growth Stock Conference on Wednesday, June 10 at 2:20 PM ET.

CarGurus to Present at William Blair 40th Annual Growth Stock Conference

Program Identifies Best Used Vehicles Across Ten Body Style Categories; Kia Sorento Earns Editor’s Choice as 2020’s Best Overall Used Vehicle Program Identifies Best Used Vehicles Across Ten Body Style Categories; Kia Sorento Earns Editor’s Choice as 2020’s Best Overall Used Vehicle

CarGurus Announces 2020 Best Used Car Awards

CarGurus, Inc. (CARG) CEO Langley Steinert on Q1 2020 Results - Earnings Call Transcript

CAMBRIDGE, Mass., May  05, 2020  (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global automotive marketplace, today announced a 20% rate reduction for the month of June for its subscribing dealerships in Canada. CarGurus was first among the major Canadian online automotive marketplaces1 to offer discounts to dealers in April and has continued to offer discounts through June.

CarGurus Continues to Support Canadian Car Dealers with Rate Reductions for June

Canadians Intend to Purchase Vehicles and Decrease Ride-Hailing Service Usage Canadians Intend to Purchase Vehicles and Decrease Ride-Hailing Service Usage

CarGurus Study Finds Several Bright Spots for Canadian Auto Sector During COVID-19

CAMBRIDGE, Mass., April  29, 2020  (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global automotive marketplace, today announced a comprehensive 20% rate reduction for the month of June for its subscribing dealerships in the United States. CarGurus was the first among the major U.S. online automotive marketplaces¹ to offer discounts to dealers for April and has continued to offer discounts for May and now June.

CarGurus Continues to Support U.S. Dealers with Rate Reductions for June

Consumers Intend to Purchase Vehicles and Decrease Ride-Hailing Service Usage Consumers Intend to Purchase Vehicles and Decrease Ride-Hailing Service Usage

CarGurus Study Finds Several Bright Spots for Auto Sector During COVID-19

CAMBRIDGE, Mass., April  02, 2020  (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global automotive marketplace, today announced its continued support for dealers in the U.S. and Canada as the COVID-19 situation continues to impact automotive retail. The company will extend its existing 50% discount on all marketplace subscriptions for U.S. and Canadian dealers through the month of May. The move is a continuation of the rate reduction that CarGurus announced on  March 18 , and is intended to help ease the burden for dealers at this difficult time. CarGurus led the category in being the first of the major online automotive marketplaces in the U.S., U.K. and Canada to announce rate discounts for dealers in response to COVID-19.1

CarGurus Announces Extended Billing Discount for Dealerships in U.S. and Canada

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Coronavirus-induced social distancing is prompting automakers and dealers to step up digital retailing efforts.

Automotive E-Commerce to Rev Up Amid Coronavirus: Stocks in Focus

CAMBRIDGE, Mass., March  18, 2020  (GLOBE NEWSWIRE) -- Today CarGurus issued the following letter to shareholders.

News for CarGurus Stock (CARG)