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Cargurus Inc   (NASDAQ: CARG)
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Price: $32.1000 $0.35 1.102%
Day's High: $32.15 Week Perf: -0.62 %
Day's Low: $ 31.62 30 Day Perf: -1.11 %
Volume (M): 1,650 52 Wk High: $ 41.33
Volume (M$): $ 52,971 52 Wk Avg: $31.32
Open: $32.00 52 Wk Low: $21.65



 Market Capitalization (Millions $) 3,373
 Shares Outstanding (Millions) 105
 Employees 1,343
 Revenues (TTM) (Millions $) 904
 Net Income (TTM) (Millions $) 39
 Cash Flow (TTM) (Millions $) -73
 Capital Exp. (TTM) (Millions $) 67

Cargurus Inc
Cargurus Inc is an online automotive marketplace that operates in the United States, Canada, and the United Kingdom. The company was established in 2006 by Langley Steinert, co-founder of TripAdvisor, and has its headquarters in Cambridge, Massachusetts. The primary function of Cargurus is to assist consumers in finding and purchasing vehicles, as well as providing sellers with a platform to advertise their cars.

Cargurus is an active online marketplace with a database of over 5 million cars, SUVs, and trucks. The website is free to use for consumers, but the company monetizes itself through advertising and various paid services to dealerships. In addition to serving as a platform for consumers to search for vehicles, Cargurus also offers an extensive range of tools and features that assist users in making informed decisions.

One of Cargurus' standout features is its automotive industry analysis, which provides consumers with data on car prices, trends, and comparisons. The company has also created a pricing algorithm, which aggregates different data points to determine the fair market value of each car in its database. This feature ensures that car buyers get the best deals possible, while ensuring that sellers receive a fair price for their vehicles.

Cargurus also hosts user-generated content, such as car reviews, ratings, and rankings. This content helps consumers make informed decisions about potential vehicles and contributes to the overall transparency of the platform. In addition, the company provides a wide range of services to dealerships, such as lead generation, online listings, and inventory management tools.

Overall, Cargurus provides a wide range of features and services that assist both buyers and sellers in the automotive industry. With its comprehensive database, extensive analysis, and user-generated content, Cargurus has become one of the most popular and useful online automotive marketplaces for consumers and dealers alike.


   Company Address: 1001 Boylston Street Boston 2115 MA
   Company Phone Number: 354-0068   Stock Exchange / Ticker: NASDAQ CARG


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ACVA        1.69% 
IMCR   -9.63%    
• View Complete Report
   



Product Service News

Consumer Sentiment Shifts as CarGurus Capitalizes on Improved Market Conditions

Published Sun, Dec 29 2024 11:58 AM UTC

In a rapidly evolving automotive market, a recent study by CarGurus sheds light on changing consumer sentiment amid rising inventory and stabilizing prices. The seventh annual U.S. Consumer Insights Report, released by the automotive shopping powerhouse, offers intriguing insights into the buying and selling journey, delivering essential facts and likely impacts on CarGurus ...

Product Service News

Revving Up the Digital Age CarGurus New Solution Transforms Car-Buying Experience for Canadian Market,

Published Mon, Nov 4 2024 2:00 PM UTC

In an era where digital transformation is redefining the retail landscape, industries are continuously seeking innovative strategies to enhance customer engagement and streamline operations. The automotive sector, no exception to this trend, is seeing remarkable advancements in digital retail solutions. CarGurus, a renowned global automotive platform, has recently introduced...

Partnership

Driving Confidence CarGurus Teams Up with Drew Brees to Revolutionize Car Shopping

Published Tue, Oct 15 2024 1:02 PM UTC

In a bold move aimed at reshaping the car shopping experience, CarGurus recently announced a partnership with NFL legend Drew Brees as part of its new Keys to Success campaign. This collaboration is designed to empower consumers by providing them with the tools and confidence they need to make informed car-buying decisions. By engaging with one of football s most respected f...

Management Announcement

Cargurus Inc: Navigating the Changing Landscape of Affordable Car Shopping and Investment Strategies

Published Thu, Jun 20 2024 1:00 PM UTC

well as cost-conscious shoppers. Cargurus Inc, one of the leading online automotive marketplaces, has recently released their 2024 Mid-Year Review, shedding light on areas of opportunity for consumers seeking affordability. Despite achieving a return on average invested assets (ROI) of 7.48% in the third quarter of 2023, which is below their average ROI of 19.42%, the compan...

Partnership

CarGurus Teams Up with Chase Bank to Boost Consumer Financing Services: A New Dawn in Online Auto Financing.

Published Mon, Jan 29 2024 2:00 PM UTC

Digital automotive marketplace, CarGurus, has announced its collaboration with JPMorgan Chase Bank to extend its consumer financing options. This expansion of its multi-lender financing platform underscores the online car selling platform s commitment to enhancing consumers auto purchase experiences.The latest inclusion of Chase into its financing program forms part of CarG...







Cargurus Inc's Segments
Marketplace    94.45 % of total Revenue
Dealer-to-Dealer    3.63 % of total Revenue
Sell My Car - Instant Max Cash Offer    2.12 % of total Revenue
Segment    92.63 % of total Revenue
Other Revenue    7.57 % of total Revenue
U S Marketplace Segment    86.88 % of total Revenue
Digital Wholesale Segment    5.75 % of total Revenue
United States    92.63 % of total Revenue
International    7.57 % of total Revenue





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