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.

Shares of CarGurus Inc. CARG, +4.03% rallied more than 10% in the extended session Thursday after the online car marketplace reported adjusted earnings and sales well above Wall Street expectations and guided for a much better current-quarter sales than analysts estimate. CarGurus said it lost $80 million, or 68 cents a share, during the quarter, contrasting with earnings of $25 million, or 22 cents a share, in the year-ago quarter.

CarGurus stock rallies after Q4 beat, Q1 guidance

CarGurus Announces Fourth Quarter and Full-Year 2021 Results

Platform's powerful punch delivers convenience, competitive offers for consumers and fresh vehicle sourcing supply for dealers Platform's powerful punch delivers convenience, competitive offers for consumers and fresh vehicle sourcing supply for dealers

CarGurus™ Instant Max Cash Offer Now Available in California

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.

Analysts Estimate CarGurus (CARG) to Report a Decline in Earnings: What to Look Out for

ADDISON, Texas, Feb. 15, 2022 (GLOBE NEWSWIRE) -- CarOffer, the fast-growing inventory acquisition innovator and part of the CarGurus network (Nasdaq: CARG), proudly announced it has enrolled 10,000 dealer rooftops1 on its automated instant wholesale vehicle trade platform. The impressive benchmark comes only two and a half years after launching its Buying Matrix™ platform, a revolutionary stock market-like approach to vehicle ordering that provides dealers with an instant, efficient and cost-effective way to buy, sell and trade inventory.

CarGurus' Subsidiary CarOffer Reaches a Major Milestone of 10,000 Enrolled Dealer Rooftops on its Industry-Leading Inventory Trading Platform

Despite tricky buyer conditions, gas-powered and electric trucks continue to rise in popularity Despite tricky buyer conditions, gas-powered and electric trucks continue to rise in popularity

CarGurus Releases Latest Pickup Truck Sentiment Study

CAMBRIDGE, Mass., Jan. 31, 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 fourth quarter and fiscal year ended December 31, 2021, after the close of the market on February 24, 2022.

CarGurus to Report Fourth Quarter and Full-Year 2021 Financial Results

CarGurus 2.0: Rapid Subsidiary Growth Is Transforming The Business And Will Lead To A Rerating

CarGurus earns 100 on the Human Rights Campaign Foundation's annual assessment of LGBTQ+ workplace equality CarGurus earns 100 on the Human Rights Campaign Foundation's annual assessment of LGBTQ+ workplace equality

CarGurus Earns Top Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index

CarGurus, a software and advertising platform for car dealerships, has slowly crept out of its trouble spot. Shares have been resilient in the recent tech selloff, demonstrating that investors are perceiving its undervaluation.

CarGurus: In A Value Market, This Stock Shines

CAMBRIDGE, Mass., Jan. 06, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced that Sam Zales, President and Chief Operating Officer, is scheduled to virtually present at the 24th Annual Needham Growth Conference on Thursday, January 13th at 9:15 AM ET.

CarGurus to Present at the 24th Annual Needham Growth Conference

CarGurusv (CARG) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.

Why CarGurus (CARG) Stock Might be a Great Pick

Genuine Parts

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GPC vs. CARG: Which Stock Should Value Investors Buy Now?

Former Amazon and Vistaprint Tech Executive to Lead CarGurus' Engineering Team to Support Company's Next Stage of Growth Former Amazon and Vistaprint Tech Executive to Lead CarGurus' Engineering Team to Support Company's Next Stage of Growth

CarGurus Appoints Matt Quinn as Chief Technology Officer

CarGurus revenue is accelerating with the addition of wholesale car sales to its business.

CarGurus Steps on the Gas After a Big Acquisition

CAMBRIDGE, Mass., Nov. 30, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced that Sam Zales, President and Chief Operating Officer, is scheduled to virtually present at the Raymond James Technology Investors Conference on Tuesday, December 7th at 12:30 PM ET.

CarGurus to Present at the Raymond James Virtual Technology Investors Conference

CAMBRIDGE, Mass., Nov. 16, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced a transition in its executive team with Sarah Welch stepping down and Dafna Sarnoff joining the company as Chief Marketing Officer.

CarGurus Announces Executive Leadership Change, Sarah Welch to Exit and Dafna Sarnoff to Join as Chief Marketing Officer

CAMBRIDGE, Mass., Nov. 11, 2021 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced today it is bringing its seamless, convenient, and 100%-online car selling experience to more states as consumers look to trade in their vehicles for the best possible offer and hassle-free experience. CarGurus has added New York, Maryland and Minnesota as the latest locations to its phased national rollout of CarGurus Instant Max Cash Offer.

CarGurus™ Instant Max Cash Offer Extends to New York, Maryland and Minnesota

CAMBRIDGE, Mass., Nov. 10, 2021 (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 2021 RBC Capital Markets Technology, Internet, Media and Telecommunications Conference on Wednesday, November 17th at 9:35 AM ET.

CarGurus to Present at 2021 RBC Capital Markets Technology, Internet, Media and Telecommunications Virtual Conference

CarGurus' (CARG) CEO Jason Trevisan on Q3 2021 Results - Earnings Call Transcript

CarGurus (CARG) delivered earnings and revenue surprises of 18.75% and 3.53%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

CarGurus (CARG) Q3 Earnings and Revenues Surpass Estimates

CarGurus Announces Third Quarter 2021 Results

CARG is a global, online marketplace that connects buyers and sellers of new and used cars. Their revenue has been growing rapidly in the past 5 years (5 year average of 43.2%).

CarGurus: Fast Growing Online Car Auction Platform

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While the auto industry is currently facing chip crunch-related headwinds, stocks like CARG, VRM, PTRA and LEV look well poised to pull off third-quarter 2021 earnings beat.

4 Auto Stocks Set for Q3 Earnings Beat Amid Industry Headwinds

CarGurus (CARG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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