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.

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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.

CarGurus reports strong Q1 earnings and focuses on data-driven growth

CarGurus reported strong Q1 performance with revenue meeting expectations and EBITDA growing by 24% YoY. The company's focus on enhancing dealer and consumer experience through data insights and product capabilities is driving growth and innovation.
Despite challenges such as elevated marketing expenses and managing data volume growth, CarGurus is well-positioned to capitalize on opportunities in leveraging data insights, driving growth in international markets, and optimizing customer results.
With an optimistic Q2 revenue guidance, strategic initiatives in place for profitable growth, and a commitment to innovation and market leadership, CarGurus is poised for continued success in the automotive marketplace.

CarGurus reports robust Q2 earnings, eyes growth through enhanced tech

CarGurus demonstrated strong financial performance in Q2 2024, with revenue meeting expectations and non-GAAP consolidated adjusted EBITDA up by 23% year-over-year.
The company's focus on enhancing the consumer experience through AI initiatives and app improvements is driving increased engagement and retention.
Challenges lie in maintaining operational excellence, navigating market dynamics, and adapting to evolving consumer preferences.
CarGurus has opportunities to capitalize on the shift towards larger dealers, expand its transaction-enabled platform, and explore new markets for growth.

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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 Boston, MA.

CarGurus, Inc. (CARG) CEO Langley Steinert on Q3 2019 Results - Earnings Call Transcript

CarGurus (CARG) delivered earnings and revenue surprises of 40.00% and 1.54%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

CarGurus (CARG) Q3 Earnings and Revenues Beat Estimates

CarGurus (NASDAQ: CARG) unveils its next round of earnings this Tuesday, November 5.

Q3 Earnings Outlook For CarGurus

CarGurus (CARG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About CarGurus (CARG) Rating Upgrade to Buy

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CarGurus to Launch Premier Automotive Retail and Digital Marketing Event

Inspired by User Testimonials, New Creative Shows Site’s Benefits and Advantages Inspired by User Testimonials, New Creative Shows Site’s Benefits and Advantages

CarGurus Launches New “My Car, My Deal” Brand Advertising Campaign

CAMBRIDGE, Mass., Sept.  04, 2019  (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq:CARG), a leading global automotive marketplace, today announced that Jason Trevisan, Chief Financial Officer, is scheduled to present at the Citi 2019 Global Technology Conference at 1:25 PM ET on September 4, 2019 in New York, NY.

CarGurus to Present at Citi 2019 Global Technology Conference

COO and President of Cargurus Inc (30-Year Financial, Insider Trades) Samuel Zales (insider trades) sold 18,000 shares of CARG on 08/12/2019 at an average price of $31.6 a share.

Cargurus Inc (CARG) COO and President Samuel Zales Sold $568,800 of Shares

CEO and Chairman of Cargurus Inc (30-Year Financial, Insider Trades) Langley Steinert (insider trades) sold 117,406 shares of CARG on 08/06/2019 at an average price of $33.83 a share.

Cargurus Inc (CARG) CEO and Chairman Langley Steinert Sold $4 million of Shares

CarGurus, Inc. (CARG) CEO Langley Steinert on Q2 2019 Results - Earnings Call Transcript

CEO and Chairman of Cargurus Inc (30-Year Financial, Insider Trades) Langley Steinert (insider trades) sold 117,406 shares of CARG on 08/02/2019 at an average price of $36.69 a share.

Cargurus Inc (CARG) CEO and Chairman Langley Steinert Sold $4.3 million of Shares

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

CarGurus has a powerful business model that aims to provide a service with increasing demand to a tech savvy generation.

CarGurus Is A Good Bet In A Growing Trend

COO and President of Cargurus Inc (30-Year Financial, Insider Trades) Samuel Zales (insider trades) sold 18,000 shares of CARG on 07/11/2019 at an average price of $37.09 a share.

Cargurus Inc (CARG) COO and President Samuel Zales Sold $667,620 of Shares

CEO and Chairman of Cargurus Inc (NASDAQ:CARG) Langley Steinert (insider trades) sold 130,456 shares of CARG on 07/10/2019 at an average price of $36.36 a share.

Cargurus Inc (CARG) CEO and Chairman Langley Steinert Sold $4.7 million of Shares

CEO and Chairman of Cargurus Inc (NASDAQ:CARG) Langley Steinert sold 58,703 shares of CARG on 07/05/2019 at an average price of $36.01 a share.

Cargurus Inc (CARG) CEO and Chairman Langley Steinert Sold $2.1 million of Shares

CEO and Chairman of Cargurus Inc (NASDAQ:CARG) Langley Steinert sold 176,109 shares of CARG on 07/03/2019 at an average price of $36.05 a share.

Cargurus Inc (CARG) CEO and Chairman Langley Steinert Sold $6.3 million of Shares

Strong business expansion, underscored by a leading audience and revenue growth.

CarGurus: A Growth Stock Offering A Good Long-Term Opportunity

CarGurus, Inc. (CARG) CEO Langley Steinert on Q1 2019 Results - Earnings Call Transcript

Shares of CarGurus Inc. rose as much as 17% in the extended session Thursday after the online car marketplace reported adjusted first-quarter per-share profit and sales above Wall Street expectations.

CarGurus stock rallies after company's Q1 profit, sales top views

Over the last 52-week period, shares are up 22.07 percent.

Q1 Earnings Outlook For CarGurus

Despite Wall Street shunning many automotive stocks, CarGurus is well positioned to thrive for these reasons.

Could CarGurus Be the Next Top Auto Stock?

CarGurus (CARG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

News for CarGurus Stock (CARG)