CARG CarGurus Class A

CarGurus Further Enhances Automotive Search and Shopping with Introduction of ChatGPT Plugin

CarGurus Further Enhances Automotive Search and Shopping with Introduction of ChatGPT Plugin

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

CAMBRIDGE, Mass., June 26, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the release of the CarGurus ChatGPT plugin to help shoppers discover their ideal car match more efficiently. The tool integrates the power of generative artificial intelligence (AI) to enhance automotive search, providing shoppers a greater level of personalization and ease when exploring CarGurus’ extensive platform of listings.

With the CarGurus ChatGPT plugin, shoppers can now explore vehicle options on their own terms without being limited by specific search fields. Through ChatGPT, users can input conversational prompts that are broad — such as “Find me a fuel-efficient car under $25,000” — or more specific — “Show me SUVs near Boston with less than 20,000 miles” — to prompt the plugin to return the most relevant cars available on CarGurus.com. With the top recommendations at hand, shoppers can then evaluate vehicle details by clicking through to the CarGurus platform.

“The car shopping process can be both exhilarating and daunting, especially for those who aren’t sure of the make or model they’d like to buy. The CarGurus ChatGPT plugin provides users with an alternative way to explore our comprehensive vehicle information, enabling shoppers to tailor their search journey beyond specific criteria to discover an ideal match that might not have been on their radar initially,” said Matt Quinn, Chief Technology Officer at CarGurus. “As the first major U.S. online automotive marketplace2 to enter the conversational search arena in this way, the CarGurus ChatGPT plugin represents the latest step in our ongoing focus to leverage emerging technology to improve the car shopping, buying, and selling experience for consumers and dealers.”

CarGurus has utilized machine learning algorithms for many years to better serve customers and optimize operations. For example, AI underpins the platform’s vehicle recommendation engine, its , and on-site merchandising to create a more personalized experience for users. With advancements in generative AI, CarGurus will continue to evaluate best use cases as part of a longstanding focus on using the power of technology to deliver a more seamless and personalized experience across the automotive journey.

The plugin is available in Beta stage to ChatGPT Plus subscribers. CarGurus will continue to evaluate functionality of the plugin for opportunities to refine the user experience. To see the plugin at work, visit:

About CarGurus, Inc.

CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

To learn more about CarGurus, visit , and for more information about CarOffer, visit .

CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

1 : Traffic Insights, Q2 2023, U.S.

2Defined as CarGurus.com, Autotrader.com, Cars.com, and TrueCar.com

Media Contact:

Maggie Meluzio

Director, Public Relations & External Communications

Investor Contact:

Kirndeep Singh

Vice President, Investor Relations

A video accompanying this announcement is available at:  



EN
26/06/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CarGurus Class A

 PRESS RELEASE

CarGurus Report Finds Strength in Automotive Demand as Shoppers Lean T...

CarGurus Report Finds Strength in Automotive Demand as Shoppers Lean Toward Value and Premium Options CarGurus Q3 2025 analysis shows a two-track market influencing growth, with budget-focused buyers opting for older used vehicles and affluent shoppers fueling new luxury demand BOSTON, Oct. 06, 2025 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its . The analysis highlights how U.S. shoppers are adapting to a market shaped by ongoing affordability pressures. “On the whole, new...

Cargurus Inc: 3 directors

Three Directors at Cargurus Inc sold 8,523 shares at 37.700USD. The significance rating of the trade was 41/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...

 PRESS RELEASE

CarGurus to Present at the 2025 Goldman Sachs Communacopia + Technolog...

CarGurus to Present at the 2025 Goldman Sachs Communacopia + Technology Conference BOSTON, Sept. 02, 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 Jason Trevisan, Chief Executive Officer, is scheduled to participate in a fireside chat at the 2025 Goldman Sachs Communacopia + Technology Conference on Monday, September 8, 2025, at 11:50 AM ET. A webcast of the fireside chat will be accessible from the Investor Relations page of the company’s website at  beginning...

 PRESS RELEASE

CarGurus Announces Second Quarter 2025 Results & Shares Plans to Wind ...

CarGurus Announces Second Quarter 2025 Results & Shares Plans to Wind Down CarOffer Transactions Business Sustained strong momentum in the Marketplace business, with revenue up 14% YoY Q2'25 Net Income of $22.3 million; Non-GAAP Adjusted EBITDA of $77.3 million, up 39% YoY Board approves additional $150 million share repurchase, increasing 2025 authorization to $350 million and extending it through July 2026 BOSTON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- CarGurus, I...

 PRESS RELEASE

CarGurus Honors 2025 Top Dealer Award Winners

CarGurus Honors 2025 Top Dealer Award Winners The 11th annual program recognizes dealerships raising the bar for customer experience and digital retail innovation BOSTON, Aug. 06, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced its 11th annual Top Dealer Awards. The program recognizes dealerships across North America and the U.K. that consistently deliver exceptional customer service, value, and trust while embracing digital retail tools that enhance the shopper experience. “F...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch