CarGurus Inc
NASDAQ:CARG

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CarGurus Inc
NASDAQ:CARG
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Price: 36.54 USD 1.73% Market Closed
Market Cap: 3.8B USD
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CarGurus Inc
Investor Relations

CarGurus Inc. began as an innovative disruptor in the automotive marketplace landscape, spearheaded by Langley Steinert, one of the co-founders of TripAdvisor. Founded in 2006 and based in Cambridge, Massachusetts, the company leveraged its tech-savvy DNA to create a platform where transparency in car buying and selling became paramount. CarGurus' business strategy hinges on a potent blend of technology and data analytics to enhance the car purchasing experience. By employing algorithms and consumer data, CarGurus helps potential car buyers make informed decisions by ranking vehicles based on various metrics such as price, dealer reputation, and vehicle history. This analytical approach enables consumers to sift through vast automotive listings with intelligent filters, thus making the car-buying process less daunting and more efficient.

The financial backbone of CarGurus lies primarily in its subscription-based revenue model, charging dealers for listing their vehicles on the platform. Dealers pay for premium exposure, gaining access to a wider audience of potential buyers through enhanced dashboard features and analytics that provide insights into market trends and consumer preferences. Additionally, CarGurus monetizes its vast user base through advertising partnerships and ancillary services. By acting as a conduit between buyers and sellers, CarGurus taps into the broader digital advertising ecosystem, capitalizing on its traffic and engagement metrics to offer targeted advertising solutions. This dual revenue approach allows CarGurus to maintain its growth trajectory while continually refining its platform to enhance user experience and dealer satisfaction.

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Management

Mr. E. Langley Steinert
Founder & Executive Chairman
No Bio Available
Mr. Jason M. Trevisan
CEO & Director
No Bio Available
Ms. Elisa Palazzo
CFO, Principal Financial Officer & Principal Accounting Officer
No Bio Available
Mr. Matthew Todd Quinn
Chief Technology Officer
No Bio Available
Mr. Zachary Hallowell
Chief Executive Officer of CarOffer
No Bio Available
Mr. Samuel Zales
COO & President
No Bio Available
Ms. Kirndeep Singh
VP & Head of Investor Relations
No Bio Available
Mr. Javier Zamora
General Counsel & Corporate Secretary
No Bio Available
Ms. Dafna Sarnoff
Chief Marketing Officer
No Bio Available
Ms. Jennifer Hanson
Chief People Officer
No Bio Available

Contacts

Address
MASSACHUSETTS
Cambridge
2 Canal Park Ste 4
Contacts
+16173540068.0
www.cargurus.com