Articles from CarGurus, Inc.

Q4’24 Marketplace revenue grew 15% YoY

BOSTON, Feb. 06, 2025 (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 fourth quarter and fiscal year ended December 31, 2024, after the close of the market on February 20, 2025.

The “Big Deal” campaign pays tribute to the momentous experience of car shopping, along with the trusted digital tools from CarGurus that help consumers find the best deal on their big deal

BOSTON, Jan. 08, 2025 (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 Elisa Palazzo, Chief Financial Officer, is scheduled to participate in a fireside chat at the 27th Annual Needham Growth Conference on Wednesday, January 15, 2025, at 11:45 AM ET.

Seventh annual survey finds consumer satisfaction and buying power on the rise as shoppers increasingly tap the power of online tools to research and guide their decisions

Looming tariffs, questions on the future of electric vehicle tax credits, and ongoing affordability pressures stand to influence new and used pricing and demand

BOSTON, Nov. 12, 2024 (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 Elisa Palazzo, Chief Financial Officer, is scheduled to participate in a fireside chat at RBC’s 2024 Global Technology, Internet, Media and Telecommunications Conference on Tuesday, November 19, 2024 at 4:00 PM ET.

Q3'24 Marketplace revenue further accelerated to 15% YoY

BOSTON, Oct. 17, 2024 (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 30, 2024, after the close of the market on November 7, 2024.

As the anchor tenant at 1001 Boylston St., CarGurus debuts state-of-the-art space designed to maximize connectivity, collaboration, and innovation

Known for his confidence and ability to deliver under pressure, the former NFL quarterback and auto enthusiast is coaching today’s drivers in new digital campaign

Analysis of third quarter trends also highlights hybrid demand overtaking electric vehicles, the ongoing balance between new car inventory and sales, and more

Hanson brings more than 20 years of experience specializing in organizational design, employee engagement, and workplace culture

Growth leader brings nearly 20 years of experience driving customer sales, service, and partnership strategy for online marketplace businesses

CAMBRIDGE, Mass., Aug. 29, 2024 (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 Elisa Palazzo, Chief Financial Officer, is scheduled to participate in a fireside chat at Citi's 2024 Global TMT Conference on Thursday, September 5, 2024 at 3:00 PM ET.

Two new award categories announced in celebration of the program’s milestone year

Q2'24 Marketplace revenue accelerated to 14% YoY, marking the third consecutive quarter of double-digit growth

CAMBRIDGE, Mass., July 18, 2024 (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 second quarter ended June 30, 2024, after the close of the market on August 8, 2024.

CarGurus mid-year analysis finds sedans, electric vehicles, and 2023 models offer biggest opportunities on the road toward affordability

CAMBRIDGE, Mass., May 28, 2024 (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 a fireside chat at William Blair’s 44th Annual Growth Stock Conference on Tuesday, June 4, 2024 at 2:20 PM ET.

CAMBRIDGE, Mass., May 10, 2024 (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 a fireside chat at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on Monday, May 20, 2024 at 1:50 PM ET.

1Q’24 Marketplace Revenue and QARSD growth accelerated further to 12% YoY and 14% YoY, respectively

CAMBRIDGE, Mass., April 18, 2024 (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 first quarter ended March 31, 2024, after the close of the market on May 9, 2024.

Pent-up shopper demand contributing to year-over-year rise in sales, with buyers increasingly searching for more affordable options

Sixth annual survey finds factors like car price, reliability, and ongoing costs will matter even more to shoppers this year - with a lasting shift in the desire to handle more from home

4Q’23 Marketplace Revenue further accelerated to 10% YoY, fastest pace in 10 quarters

CAMBRIDGE, Mass., Feb. 01, 2024 (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 fourth quarter and fiscal year ended December 31st, 2023, after the close of the market on February 26th, 2024.

Chase has joined CarGurus’ multi-lender financing platform, enabling consumers to access personalized rates online for a better-informed car shopping experience

Informed by a team of expert reviewers and backed by data, CarGurus shares the best options for used car shoppers across categories, including best family car, city car, SUV, and more

CAMBRIDGE, Mass., Jan. 11, 2024 (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 a fireside chat at the 26th Annual Needham Growth Conference on Thursday, January 18th at 3:45 PM ET.

Integrated campaign highlights the digital tools that enable consumers to buy and sell a vehicle exactly how they want, whether that be online, in-person, or a mix of both

Product and technology leader brings proven experience building, scaling, and re-imagining platforms to answer customer and business needs

CAMBRIDGE, Mass., Dec. 04, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced it has completed the acquisition of CarOffer, purchasing the remaining minority equity interests for $75 million. Zach Hallowell, a seasoned digital wholesale market leader, has assumed the role of Chief Executive Officer (CEO) for CarOffer.

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:

To bolster growing synergies between the two companies, CarGurus accelerates purchase of remaining stake in the digital wholesale marketplace

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

Seasoned investment and finance operations leader brings deep experience in the technology sector, with a focus on online marketplaces

Hallowell brings over 20 years of experience leading the transformation of the industry’s largest platforms to meet shifting market needs

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.

GAAP consolidated net income was $13.8 million; Consolidated Adjusted EBITDA was $45.2 million, exceeding high-end of guidance rangeDigital Wholesale demonstrated ongoing efficiency in operating metricsDigital Deal adoption reaches 2,900 dealers with over 250,000 digitally-enabled listingsMarketplace growth expected to accelerate for remainder of 2023

CAMBRIDGE, Mass., Aug. 07, 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 second quarter ended June 30th, 2023, after the close of the market on August 9th, 2023.

CAMBRIDGE, Mass., Aug. 03, 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 it will delay its second quarter 2023 earnings release and conference call, previously scheduled for 5:00 p.m. Eastern Time on August 3, 2023. CarGurus has not completed its customary quarterly closing and review procedures for the three months ended June 30, 2023. CarGurus will announce the date of the rescheduled earnings release and conference call in a subsequent press release.

Car shopper feedback shows concerns easing around the switch to electric vehicles (EVs), but those resisting EVs are becoming more entrenched in their views

CAMBRIDGE, Mass., July 20, 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 second quarter ended June 30th, 2023, after the close of the market on August 3rd, 2023.

Gupta brings product leadership and vision scaling global platforms to Board position with the nation’s most visited automotive shopping site1

The most visited automotive shopping site in the U.S.¹ builds on its artificial intelligence (AI) capabilities to help shoppers discover their best-fit next car with greater ease

One year after launch, Digital Deal is one of CarGurus’ fastest-growing innovations, supporting dealer goals for sales velocity and improved customer satisfaction by delivering leads that are up to 5.3x more likely to close(1)

CAMBRIDGE, Mass., May 10, 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:

First Quarter Highlights:

CAMBRIDGE, Mass., April 18, 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 First Quarter ended March 31st, 2023, after the close of the market on May 9th, 2023.

Verified car shopper ratings highlight the dealerships providing an exceptional experience across the U.S., Canada, and U.K.

Average used car price rises for the first time in eight months

Fourth Quarter Highlights:

Used vehicle prices continued to decline, while new car prices elevated slightly

Integrated campaign highlights the digital tools that empower and enable consumers to buy and sell any vehicle, anywhere, with access to the best selection and price

CAMBRIDGE, Mass., Jan. 30, 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 reporting financial results for the fourth quarter and fiscal year ended December 31, 2022, after the close of the market on February 28th, 2023.

CAMBRIDGE, Mass., Jan. 05, 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 virtually present at the 25th Annual Needham Growth Conference on Thursday, January 12th at 10:15 AM ET.

Report from the most visited automotive shopping site in the U.S. 1 highlights factors that influenced the automotive market this year and trends to watch in 2023

CAMBRIDGE, Mass., Dec. 08, 2022 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying and selling new and used vehicles1, today announced its Board of Directors has authorized the Company to repurchase up to $250 million of its Class A common stock as part of its capital deployment strategy.

Used car prices are now down 1% year-over-year, compared to a 3% year-over-year gain in October

Study conducted by U.K.-based University of Lincoln and CarGurus investigates the impact of electric vehicle travel on dog behavior and well-being

CAMBRIDGE, Mass., Nov. 28, 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 present at the Raymond James 2022 Technology Investors Conference on Monday, December 5th at 11:30 AM ET.

Third Quarter Highlights:

Last month continues the trend from September

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

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 will use AWS’s global infrastructure and suite of cloud services to power a streamlined consumer experience and new product deployment

Former Nike, Converse attorney to lead CarGurus’ legal team