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.

Digital Deal delivers purchase-ready consumers through streamlined online-to-in-store buying experience Digital Deal delivers purchase-ready consumers through streamlined online-to-in-store buying experience

CarGurus' New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today's Online Shopper

CarGurus, Inc. (NASDAQ:CARG ) Q1 2022 Earnings Conference Call May 9, 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 Bruce Thompson - Founder and Chief Executive Officer, CarOffer Conference Call Participants John Colantuoni - Jefferies Chris Pierce - Needham Tom White - D.A. Davidson. Brad Erickson - RBC Capital Markets Jed Kelly - Oppenheimer Naved Khan - Truist Marvin Fong - BTIG Doug Arthur - Huber Research Alex Potter - Piper Sandler Operator Greetings, and welcome to the CarGurus Inc. First Quarter 2022 Earnings Results Conference Call.

CarGurus, Inc. (CARG) CEO Jason Trevisan on Q1 2022 Results - Earnings Call Transcript

Growth, yes, in the rearview mirror, and growth still lies ahead, for CarGurus — certainly on the company's top line. But for the online auto platform, the question is what happens to margins, and what happens, too, with a user base that seems to be declining — at least in terms of headcount, and where […]

CarGurus Hits Connected Economy Speed Bump as US Monthly Users Slide 15%

CarGurus (CARG) delivered earnings and revenue surprises of 2.86% and 6.28%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

CarGurus (CARG) Q1 Earnings and Revenues Top Estimates

Shares of CarGurus Inc. CARG, -6.05% dropped 12% in the extended session Monday after the online car marketplace reported first-quarter earnings and sales that beat Wall Street expectations, but called for lower-than-expected adjusted per-share earnings for its second quarter. CarGurus said it lost $62.1 million, or 53 cents a share, in the first quarter, compared with a loss of $22.4 million, or 19 cents a share, in the year-ago period.

CarGurus beats Q1 expectations, but stock falls

CarGurus Announces First Quarter 2022 Results

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Tesla still top brand among consumers, but losing market share as other brands bring EVs to market Tesla still top brand among consumers, but losing market share as other brands bring EVs to market

CarGurus Study Finds Rising Consumer Interest in Electric Vehicles as Gas Prices Spike

CAMBRIDGE, Mass., May 03, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced today that it will host an Investor Day on Wednesday, May 25, 2022, beginning at approximately 1:00 p.m. Eastern Time at Convene—One Boston Place in Boston, Massachusetts.

CarGurus Announces 2022 Investor Day

Higher gas prices have sparked interest in electric vehicles but a CarGurus consumer survey finds it will take more than that to get drivers to switch from cars powered by gas to those that run on batteries.

EV Enthusiasm Growing But Tenuous CarGurus Study Shows

CarGurus is undergoing an interesting transformation, becoming more of a marketplace that enables transactions, from the legacy listings business. Its purchase of car auction platform CarOffer is helping enable this transformation, and is also providing significant growth for the company.

CarGurus: Cheap Considering The Transformation Brought By CarOffer

CAMBRIDGE, Mass., April 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 first quarter ended March 31, 2022, after the close of the market on May 9, 2022.

CarGurus to Report First Quarter 2022 Financial Results

Shares of CarGurus have skyrocketed 20% year to date, dramatically outperforming fellow tech stocks during a period of extreme volatility. The company is driving growth through its acquisition of CarOffer, which facilitates car sales between dealerships.

CarGurus: The Turnaround Is Here

ADDISON, Texas , April 11, 2022 /PRNewswire/ -- CarOffer, the fast-growing inventory acquisition innovator and part of the CarGurus network (Nasdaq: CARG), proudly announced Kim Jenkins has been named Vice President of Consumer Operations. In this newly created role, Jenkins oversees the Consumer Operations department, which was formed in August of last year to support CarGurus™ Instant Max Cash Offer , the only platform of its kind that brings automotive wholesale and retail together, leveraging the synergies of the CarGurus and CarOffer partnership.

CarOffer's Kim Jenkins Named Vice President of Consumer Operations

It may not be a household name, but investors should take notice.

This Stock Is Crushing the Market in 2022, and You've Probably Never Heard of It

North Carolina, South Carolina, Ohio, and Arizona Are Latest States to Benefit from Most Competitive Vehicle Selling Platform North Carolina, South Carolina, Ohio, and Arizona Are Latest States to Benefit from Most Competitive Vehicle Selling Platform

Geographic Expansion of CarGurus™ Instant Max Cash Offer Reaches Four More States

Dealerships with above a 4.5 rating recognized by leading automotive marketplace Dealerships with above a 4.5 rating recognized by leading automotive marketplace

CarGurus Announces Eighth Annual Top-Rated Dealer Awards

CarGurus Announces Sixth Annual Top-Rated Dealer Awards in Canada

With a shift in its business model, CarGurus is becoming a one-stop-shop for car buyers and dealers.

1 Under-the-Radar Growth Stock to Buy in March

The CarGurus Inc (NASDAQ: CARG) stock increased by 43.96% in the most recent trading session. This is why.

CarGurus (CARG) Stock: Why It Substantially Increased

Farfetch

Find out why investors saw gains of nearly 40%.

Friday's 2 Big Stock Winners Have This in Common

The mean of analysts' price targets for CarGurus (CARG) points to a 34.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Can CarGurus (CARG) Climb 34% to Reach the Level Wall Street Analysts Expect?

CarGurus, Inc. (CARG) CEO Jason Trevisan on Q4 2021 Results - Earnings Call Transcript

CarGurus (CARG) delivered earnings and revenue surprises of 48.28% and 20.81%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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