reports
CarGurus To Report First Quarter 2024 Financial Results
CarGurus To Report First Quarter 2024 Financial Results 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. CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on May 9, 2024. To access the conference call, dial (877...
Hope on the Horizon: CarGurus Q1 2024 Report Reveals Inventory and Dem...
Hope on the Horizon: CarGurus Q1 2024 Report Reveals Inventory and Demand are Rebounding as Prices Improve Pent-up shopper demand contributing to year-over-year rise in sales, with buyers increasingly searching for more affordable options CAMBRIDGE, Mass., April 08, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its Quarterly Review for Q1 2024, giving buyers, sellers, and dealers a view into the key trends influencing pricing, inventory, and demand for new and used vehicles so fa...
CarGurus Study Reveals Shifting Consumer Preferences as Automotive Lan...
CarGurus Study Reveals Shifting Consumer Preferences as Automotive Landscape Evolves and Costs Remain Elevated 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 CAMBRIDGE, Mass., March 25, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its sixth annual U.S. Consumer Insights Report, revealing how shoppers’ habits have shifted in response to an au...
Cargurus Inc: 3 directors
Three Directors at Cargurus Inc sold/sold after exercising options 63,583 shares at between 22.130USD and 22.220USD. The significance rating of the trade was 63/100. 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 ...
CarGurus Announces Fourth Quarter and Full-Year 2023 Results
CarGurus Announces Fourth Quarter and Full-Year 2023 Results 4Q’23 Marketplace Revenue further accelerated to 10% YoY, fastest pace in 10 quarters 4Q'23 Consolidated Net Loss of $(22.6) million, down 197% YoY; 4Q'23 Non-GAAP Consolidated Adjusted EBITDA of $61.2 million, up 120% YoY Repurchased $99.9 million worth of shares in 4Q’23 and a total of $204.1 million worth of shares in FY 2023 CAMBRIDGE, Mass., Feb. 26, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today a...
CarGurus To Report Fourth Quarter and Full-Year 2023 Financial Results
CarGurus To Report Fourth Quarter and Full-Year 2023 Financial Results 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. CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on February ...
CarGurus Partners with Chase to Expand Consumer Financing Options
CarGurus Partners with Chase to Expand Consumer Financing Options Chase has joined CarGurus’ multi-lender financing platform, enabling consumers to access personalized rates online for a better-informed car shopping experience CAMBRIDGE, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the addition of Chase to its multi-lender financing platform, expanding options for consumers looking to pre-qualify for auto financing from the comfort of home. Available nationwide...
CarGurus Unveils the Best Used Cars for 2024, Preparing Shoppers for t...
CarGurus Unveils the Best Used Cars for 2024, Preparing Shoppers for the Ideal Time to Buy 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. 24, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its 2024 Best Used Car Awards. Referencing an expansive set of pricing and availability data, consumer trends, and experience test drivi...
CarGurus to Present at 26th Annual Needham Growth Conference
CarGurus to Present at 26th Annual Needham Growth Conference 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. A webcast of the fireside chat will be accessible from the Investor Relations page of the company’s website at beginning at the time indicated above, and a...
CarGurus' New Brand Campaign, "Your Car, Your Way," Captures the Elusi...
CarGurus' New Brand Campaign, "Your Car, Your Way," Captures the Elusive Experience of Having Everything Go Your Way 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 CAMBRIDGE, Mass., Jan. 03, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its new brand campaign, “Your Car, Your Way,” spotlighting the satisfying feeling of having everything happen exactly ...
CarGurus Adds Ismail Elshareef as Chief Product Officer
CarGurus Adds Ismail Elshareef as Chief Product Officer Product and technology leader brings proven experience building, scaling, and re-imagining platforms to answer customer and business needs CAMBRIDGE, Mass., Dec. 14, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Ismail Elshareef as Chief Product Officer (CPO), effective February 1, 2024. With over 20 years of experience building highly engaging consumer transaction products and value-added solutions for s...
CarGurus Finalizes Acquisition of CarOffer
CarGurus Finalizes Acquisition of CarOffer CAMBRIDGE, Mass., Dec. 04, 2023 (GLOBE NEWSWIRE) -- (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 , 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. “With this transaction complete, we believe we are well-positioned to accelerate our momentum in delivering solutions that streamline ...
CarGurus to Present at Upcoming Conferences
CarGurus to Present at Upcoming Conferences 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: RBC Capital Markets Global Technology, Internet, Media & Telecommunications Conference on Tuesday, November 14th at 1:20 PM ETUBS Global Technology Conference on Tuesday, November 28th at 4:15 PM ET Webcasts of the fireside chats ...
CarGurus Agrees to Fully Acquire CarOffer
CarGurus Agrees to Fully Acquire CarOffer To bolster growing synergies between the two companies, CarGurus accelerates purchase of remaining stake in the digital wholesale marketplace CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced it has entered into a definitive agreement to acquire the remaining minority equity interests in CarOffer for $75 million through an all-cash transaction. The deal is expected to close in December 2023 subject to customary clo...
CarGurus Announces Third Quarter 2023 Results
CarGurus Announces Third Quarter 2023 Results Marketplace revenue growth accelerated to 8% YoY in the third quarter with similarly high single-digit YoY growth expected in the fourth quarter GAAP consolidated net income was $19.0 million; Consolidated Adjusted EBITDA was $48.6 million, exceeding high-end of guidance range UK business achieved profitability, making us EBITDA profitable in all countries with operations CarGurus’ Board of Directors authorized $250.0 million share repurchase program commencing in 2024 CarGurus acquires the remaining minority equity interests in CarOffer, LL...
CarGurus Appoints Elisa Palazzo as Chief Financial Officer
CarGurus Appoints Elisa Palazzo as Chief Financial Officer Seasoned investment and finance operations leader brings deep experience in the technology sector, with a focus on online marketplaces CAMBRIDGE, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Elisa Palazzo as its Chief Financial Officer (CFO), effective December 4, 2023. Reporting to CarGurus Chief Executive Officer (CEO) Jason Trevisan, Palazzo will lead financial operations and strate...
CarGurus Welcomes Automotive Industry Veteran Zach Hallowell as Head o...
CarGurus Welcomes Automotive Industry Veteran Zach Hallowell as Head of Industry Transformation Hallowell brings over 20 years of experience leading the transformation of the industry’s largest platforms to meet shifting market needs CAMBRIDGE, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Zach Hallowell has joined as Head of Industry Transformation. In this role, the seasoned automotive industry leader will provide strategic and operational guidance as CarG...
CarGurus To Report Third Quarter 2023 Financial Results
CarGurus To Report Third Quarter 2023 Financial Results 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. CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on November 7th, 2023. To access the confe...
CarGurus Announces Second Quarter 2023 Results
CarGurus Announces Second Quarter 2023 Results 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. 09, 2023 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced financial results...
CarGurus To Report Second Quarter 2023 Financial Results
CarGurus To Report Second Quarter 2023 Financial Results 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. CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on August 9th, 2023. To access the conference cal...
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