CarGurus, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jason Trevisan
- Full Time Employees
- 1,218
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- 1001 Boylston Street Boston MA United States of America 02115
- IPO Date
- Oct 12, 2017
- CIK
- 0001494259
- Website
- cargurus.com
- Similar Companies
- Business
- CarGurus, Inc. operates a multinational online automotive platform specializing in buying and selling new and used vehicles through its digital marketplace and related services. The company’s core offerings include its primary marketplace services under the CarGurus brand; digital retail solutions enabling consumers to purchase vehicles online or in-person; the CarOffer digital wholesale platform focused on dealer-to-dealer transactions and Instant Max Cash Offer (IMCO) products; and independent online marketplaces Autolist in the United States and PistonHeads in the United Kingdom. CarGurus leverages proprietary technology, search algorithms, and data analytics to deliver trust, transparency, and competitive pricing within the automotive shopping experience. The company serves consumers, automotive dealers, and wholesale buyers primarily in the United States, Canada, and the United Kingdom. Founded in 2006 and headquartered in Boston, Massachusetts, CarGurus maintains the largest automotive dealer network in the U.S. with approximately 24,000 subscribing dealers. In recent major developments, CarGurus completed the full acquisition of CarOffer in December 2023, purchasing the remaining minority equity interests for $75 million to solidify its leadership in digital wholesale vehicle procurement and sales. This consolidation aims to accelerate innovation and integration across dealer-to-dealer and consumer-to-dealer transaction processes. CarGurus has continued to enhance its technology platform, including launching AI-powered car shopping search capabilities in 2025 that enable natural language queries and real-time price comparisons. The company also maintains strategic positioning by operating multiple independent marketplaces and expanding its digital retail and wholesale service offerings to improve vehicle pricing accuracy, acquisition efficiency, and sale speed. CarGurus operates through two main business segments: the U.S. Marketplace and Digital Wholesale, with further geographic market activities in Canada and the U.K. The company is publicly traded on NASDAQ under the ticker CARG. CarGurus’ comprehensive product suite includes consumer vehicle listings and search; digital retail purchase and transaction facilitation; dealer inventory pricing and management tools; wholesale automotive marketplace services for dealer-to-dealer sales; Instant Max Cash Offer for direct consumer vehicle selling; and integration of trade valuation data to optimize pricing and inventory liquidity. It serves a broad automotive ecosystem ranging from individual consumers to car dealerships and wholesale buyers, underpinned by analytics-driven insights and marketplace transparency. The firm’s recent operational expansion and integration efforts exemplify its strategic commitment to full-spectrum automotive commerce across digital platforms on a multinational scale.
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