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Cargurus Inc   (CARG)
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Price: $23.4600 $0.99 4.406%
Day's High: $23.52 Week Perf: 2.04 %
Day's Low: $ 22.36 30 Day Perf: -0.55 %
Volume (M): 1,405 52 Wk High: $ 24.64
Volume (M$): $ 32,961 52 Wk Avg: $20.29
Open: $22.56 52 Wk Low: $15.34



 Market Capitalization (Millions $) 2,682
 Shares Outstanding (Millions) 114
 Employees 1,165
 Revenues (TTM) (Millions $) 977
 Net Income (TTM) (Millions $) 68
 Cash Flow (TTM) (Millions $) -60
 Capital Exp. (TTM) (Millions $) 26

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: 2 Canal Park Cambridge 2141 MA
   Company Phone Number: 354-0068   Stock Exchange / Ticker: NASDAQ CARG
   


   

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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...

Product Service News

?CarGurus? Pioneering Campaign ?Your Car, Your Way? Sets New Benchmarks in the Auto Retailing Industry.?

Published Wed, Jan 3 2024 2:00 PM UTC

Leading online automotive marketplace, CarGurus, has launched its new brand campaign called ?Your Car, Your Way,? reinforcing the brand's mission to provide users with a unique and satisfying vehicle purchase experience.CarGurus understands that finding and buying the right car can be time-consuming, and sometimes, quite a stressful endeavor. With the Your Car, Your Way camp...

Merger and Acquisition

CarGurus Accelerates Growth with CarOffer Acquisition, Revving Up Investor Sentiment.

Published Mon, Dec 4 2023 2:00 PM UTC



CarGurus Inc, a leading online automotive marketplace, recently finalized its acquisition of CarOffer, further solidifying its position in the industry. This strategic move is expected to have a significant impact on the company's operations and potentially influence its stock performance. With 114.322279 million shares outstanding and a current trading price of $2...

Cargurus Inc

Cargurus Inc Reports Impressive 21.43% Surge in Income Despite Revenue Decline in Q3 2023: Analysis and Future Outlook



The recent financial results of a prominent Cloud Computing & Data Analytics company offer insight into its performance during the fiscal period ending September 30, 2023. Despite a decline in revenue, the company has managed to achieve a significant increase in income. This article aims to analyze the implications of these results, evaluate the company's performance, and discuss potential future outcomes.
Revenue Decline and Income Growth:
The cloud computing and data analytics industry faced headwinds during the third quarter of 2023, with overall revenues declining by 48.576% compared to the previous year. In this context, the company's 6.37% rise in top-line revenue is commendable and showcases its resilience amidst market challenges.

Cargurus Inc

Cargurus Inc's Second Quarter of 2023 Earnings: Upsurge in Income But Substantial Decline in Revenue Raises Concerns

The second quarter of 2023 earnings season for Cargurus Inc brought some positive news for the company, as their income per share turned positive at $0.12 compared to a loss of $0.09 per share a year ago. Additionally, their earnings per share increased by 20% from $0.10 in the previous quarter.
However, despite these positive figures, there are several indicators that suggest a bearish outlook for Cargurus Inc. Firstly, the company experienced a sharp decline in revenue, with a decrease of -53.222% to $239.14 million compared to $511.23 million in the same quarter a year ago. Although there was a slight sequential increase of 3.094% from $231.96 million in the previous quarter, the overall trend is concerning.
The net profits for the second quarter of 2023 also fell by -23.5% to $13.817 million from $18.061 million in the corresponding period a year before. This decline in profitability is a clear red flag for investors and suggests that the company may be facing challenges in maintaining its financial performance.






 

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