CarGurus Inc (CarGurus) is a multinational, online automotive platform for buying and selling vehicles . The company offers new cars and used and certified pre‑owned cars and also helps owners merchandise their vehicles through sell my car. It offers sports utility vehicles, new and used passenger cars, vans, hatchbacks, convertibles, and pickup trucks. CarGurus also offers various services including financing, processing payment, titling and other private sale transaction services. The company offers online services to the UK and Canada. CarGurus is headquartered in Cambridge, Massachusetts, the US.
Headquarters
United States of America
Address
55 Cambridge Parkway, 6th Floor, Massachusetts, 02142
Website
www.cargurus.com
Telephone
1 617 3540068
No of Employees
1,403
Industry
Technology and Communications
Ticker Symbol & Exchange
CARG (NASD)
Revenue (2022)
$1.7B
74%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
125934.4%
(2022 vs 2021)
Market Cap*
$2.5B
Net Profit Margin (2022)
XYZ
58,650.0%
(2022 vs 2021)
* As of and is in US$
CarGurus Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Cars | Financing |
| Private Sale Transaction |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company entered into a partnership with Chase to increase financing options for consumers. |
| 2023 | Contracts/Agreements | In November, the company entered into an agreement to acquire the remaining stake in CarOffer. |
| 2023 | New Products/Services | In June, the company announced the release of the CarGurus ChatGPT plugin to help shoppers discover their ideal car match more efficiently. |
Competitor Comparison
| Key Parameters | CarGurus Inc | CarMax Inc | AutoNation Inc | Carvana Co | Vroom Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Cambridge | Richmond | Fort Lauderdale | Tempe | Houston |
| State/Province | Massachusetts | Virginia | Florida | Arizona | Texas |
| No. of Employees | 1,403 | 30,621 | 23,600 | 16,600 | 1,323 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Langley Steinert | Chairman | Executive Board | 2017 | 56 |
| Jason Trevisan | Chief Executive Officer; Director | Executive Board | 2021 | 45 |
| Elisa Palazzo | Chief Financial Officer | Senior Management | 2023 | - |
| Sam Zales | Chief Operating Officer; President | Senior Management | 2016 | 56 |
| Matt Quinn | Chief Technology Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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