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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Are Investors Undervaluing CarGurus (CARG) Right Now?

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Add these companies to the list of those reporting disappointing financial results.

2 Nasdaq Growth Stocks Taking Big Hits Wednesday

CarGurus, Inc. (NASDAQ:CARG ) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Kirndeep Singh - Vice President, Investor Relations Jason Trevisan - Chief Executive Officer Sam Zales - President and COO Conference Call Participants Chris Pierce - Needham Jed Kelly - Oppenheimer Nick Jones - JMP Securities Brad Erickson - RBC Capital Markets Ralph Schackart - William Blair Doug Arthur - Huber Research Naved Khan - Truist Securities Tevis Robinson - D.A. Davidson Operator Greetings, ladies and gentlemen.

CarGurus, Inc. (CARG) Q3 2022 Earnings Call Transcript

CarGurus (CARG) delivered earnings and revenue surprises of -19.23% and 7.93%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

CarGurus (CARG) Misses Q3 Earnings and Revenue Estimates

Shares of CarGurus Inc. CARG, -3.17% nosedived on Tuesday after the online platform for buying and selling cars reported third-quarter results that missed expectations and issued a forecast that came in well below expectations. CarGurus reported net income of $18.8 million, or 14 cents a share, compared with $29.3 million, or 24 cents a share, in the third quarter a year earlier.

CarGurus stock dives as fourth-quarter forecast comes up well short of expectations

CarGurus Announces Third Quarter 2022 Results

Last month continues the trend from September Last month continues the trend from September

CarGurus October 2022 Intelligence Report Sees Used Cars Price Decline and New Inventory Levels Improve

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) Q3 Earnings Expected to Decline

Annual report dives into trends in the continually evolving automotive retail industry Annual report dives into trends in the continually evolving automotive retail industry

CarGurus Consumer Insights Report Navigates the Car Buying and Selling Journey in 2022

CAMBRIDGE, Mass., Oct. 18, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release reporting financial results for the third quarter ended September 30, 2022, after the close of the market on November 8, 2022.

CarGurus to Report Third Quarter 2022 Financial Results

Since the beginning of this year, CarGurus has fallen off at quite a fast pace. CarGurus trades at low valuations relative to its EV/FCF and P/S of 13.1 and 1.1 respectively.

CarGurus: A Great Company At A Compelling Price

CarGurus is one of the most visited car sites in America, but traffic is falling as are expectations. The market has beaten this stock to all-time lows.

CarGurus: Intriguing At All-Time Lows

Investors need to pay close attention to CarGurus (CARG) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in CarGurus (CARG) Stock?

CAMBRIDGE, Mass., Sept. 06, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to virtually present at the Truist Securities Internet Growth Summit on Monday, September 12th at 2:00 PM ET.

CarGurus to Present at Truist Securities Internet Growth Summit

Shares of online automotive platform CarGurus fell as much as 15% in extended trading Monday (Aug 8) after the Cambridge, Mass-based company said its sales for the current quarter would slow from Q2.

CarGurus Slumps, Company Sees Slowing Q3 Sales, Reduced Demand for Cars

CarGurus, Inc. (NASDAQ:CARG ) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Kirndeep Singh – Vice President-Investor Relations Jason Trevisan – Chief Executive Officer Scot Fredo – Chief Financial Officer Sam Zales – President and Chief Operating Officer Conference Call Participants Chris Pierce – Needham Brad Erickson – RBC Capital Markets Marvin Fong – BTIG Tom White – D.A. Davidson Naved Khan – Truist Securities Ralph Schackart – William Blair John Colantuoni – Jefferies Nick Jones – JMP Securities Doug Arthur – Huber Research Jed Kelly – Oppenheimer Operator Greetings, and welcome to the CarGurus Inc. Second Quarter 2022 Earnings Results Conference Call.

CarGurus, Inc's (CARG) CEO Jason Trevisan on Q2 2022 Results - Earnings Call Transcript

CarGurus (CARG) delivered earnings and revenue surprises of 10.34% and 0.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

CarGurus (CARG) Q2 Earnings and Revenues Beat Estimates

Vroom

While Carvana Inc. shares soared despite weaker-than-expected financial results last week, two of the online car-seller's smaller rivals were not as fortunate Monday.

Carvana rivals' stocks plunge after earnings

CarGurus Announces Second Quarter 2022 Results

Tesla still top brand among consumers, followed by Toyota, Honda Tesla still top brand among consumers, followed by Toyota, Honda

CarGurus Study Finds Rising Canadian Consumer Interest in Electric Vehicles Despite Cost, Charging Barriers

Former Nike, Converse attorney to lead CarGurus' legal team Former Nike, Converse attorney to lead CarGurus' legal team

CarGurus Appoints Javier Zamora as General Counsel

CAMBRIDGE, Mass., July 18, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release reporting financial results for the second quarter ended June 30, 2022, after the close of the market on August 8, 2022.

CarGurus to Report Second Quarter 2022 Financial Results

Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices

CarOffer Launches PremiumXchange™, Creating the Largest Non-Affiliated Online Pre-Owned Vehicle Exchange Desk in the U.S.

Consumers in Nevada, Utah, New Mexico, Colorado, and Washington now able to sell their cars 100% online Consumers in Nevada, Utah, New Mexico, Colorado, and Washington now able to sell their cars 100% online

CarGurus™ Instant Max Cash Offer Expands to Five New States

Online vehicle platform CarGurus has debuted CarGurus Digital Deal, a new retail offering that allows shoppers create personalized deals that meet their budgetary needs through dealers' listing pages, according to a Wednesday (May 11) press release. Digital Deal is CarGurus' follow-up to CarGurus Convert, a lead-based initiative which ended its 12-month pilot run earlier this […]

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