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.

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CarGurus Adds Ismail Elshareef as Chief Product Officer

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Are Auto-Tires-Trucks Stocks Lagging CarGurus (CARG) This Year?

CAMBRIDGE, Mass., Dec. 04, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

CarGurus Finalizes Acquisition of CarOffer

Does CarGurus (CARG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why CarGurus (CARG) is a Great Choice

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Should Value Investors Buy CarGurus (CARG) Stock?

Is CarGurus (CARG) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?

CarGurus (CARG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for CarGurus (CARG) Stock

CAMBRIDGE, Mass., Nov. 09, 2023 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to participate in fireside chats at the following conferences:

CarGurus to Present at Upcoming Conferences

Digital automotive platforms are adding features and cutting costs as they continue to cope with a challenging economic environment.  CarGurus executives said Tuesday (Nov.

Digital Automotive Platforms Add Features and Cut Costs Amid Challenges

While the top- and bottom-line numbers for CarGurus (CARG) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About CarGurus (CARG) Q3 Earnings

CarGurus, Inc. (NASDAQ:CARG ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Kirndeep Singh - VP & Head, Investment Jason Trevisan - Chief Executive Officer Sam Zales - President & Chief Operating Officer Conference Call Participants Rajat Gupta - JPMorgan Nick Jones - JMP Securities Tom White - D.A. Davidson Naved Khan - B.

CarGurus, Inc. (CARG) Q3 2023 Earnings Call Transcript

Shares of CarGurus Inc. CARG, -0.76% rose more than 6% in the extended session Tuesday after the online car marketplace reported third-quarter results that were above Wall Street expectations. CarGurus earned $22.3 million, or 17 cents a share, in the quarter, compared with $107 million, or 14 cents a share, in the year-ago quarter.

CarGurus' stock leaps 6% on earnings beat, deal to buy CarOffer

CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

CarGurus Agrees to Fully Acquire CarOffer

Marketplace revenue growth accelerated to 8% YoY in the third quarter with similarly high single-digit YoY growth expected in the fourth quarter

CarGurus Announces Third Quarter 2023 Results

Beyond analysts' top -and-bottom-line estimates for CarGurus (CARG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2023.

Exploring Analyst Estimates for CarGurus (CARG) Q3 Earnings, Beyond Revenue and EPS

CAMBRIDGE, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

CarGurus Appoints Elisa Palazzo as Chief Financial Officer

CarGurus' core business remains solid, and should do well in the current environment. The company has revamped its Digital Wholesale business and saw positive EBITDA in Q2. The stock looks attractive at current levels.

CarGurus: Improvements At CarOffer Bode Well Stock

CAMBRIDGE, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

CarGurus Welcomes Automotive Industry Veteran Zach Hallowell as Head of Industry Transformation

CAMBRIDGE, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the third quarter ended September 30th, 2023, after the close of the market on November 7th, 2023.

CarGurus To Report Third Quarter 2023 Financial Results

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NEW YORK , Aug. 28, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of CarGurus, Inc. ("CarGurus" or the "Company") (NASDAQ: CARG). Such investors are advised to contact Robert S.

News for CarGurus Stock (CARG)