Hanson brings more than 20 years of experience specializing in organizational design, employee engagement, and workplace culture CAMBRIDGE, Mass., Sept. 16, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jennifer Hanson has been appointed Chief People Officer (CPO), effective September 30, 2024. With more than 20 years of experience in human resources (HR), employee benefits, and law, Hanson will lead CarGurus' People and Talent team in their work advancing organizational strategies, talent development, and engagement to drive business performance and continued innova

Growth leader brings nearly 20 years of experience driving customer sales, service, and partnership strategy for online marketplace businesses CAMBRIDGE, Mass., Sept. 03, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Mike O'Hanlon as Chief Revenue Officer (CRO), effective September 3, 2024. With deep experience driving customer growth and retention strategies for online marketplace and software as a service (SaaS) businesses, O'Hanlon will lead CarGurus' Sales and Service teams to support growth objectives and priorities to nurture deeper relationships wi

CAMBRIDGE, Mass., Dec. 14, 2023 (GLOBE NEWSWIRE) -- CarGurus (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 small and midsize businesses (SMBs), Elshareef will lead CarGurus' product strategy and roadmap with a focus on driving value to consumers, dealers, and the overall business. "We believe Ismail's marketplace expertise across subscription and transaction-based models will play a critical r

CAMBRIDGE, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- CarGurus (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 strategy to support the company's goal to build a powerful transaction-enabled destination that supports the full lifecycle of a vehicle transaction. "Elisa's breadth of experience leading financial operations and investment strategy within the tech sector will be invaluable to our team as we c

Gupta brings product leadership and vision scaling global platforms to Board position with the nation's most visited automotive shopping site1 CAMBRIDGE, Mass., July 17, 2023 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Manik Gupta to its Board of Directors and Audit Committee, effective July 14, 2023. Gupta brings nearly 25 years of experience in the technology sector, currently as the Corporate Vice President of Microsoft Teams, serving over 300 million users across enterprises, small and medium businesses (SMBs), consumers, and the developer ecosystem. Pri

CAMBRIDGE, Mass., July 27, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), a multinational, online automotive platform for buying and selling vehicles, today announced it has hired Javier Zamora as its General Counsel. In this role, Zamora will report to CEO Jason Trevisan and will oversee the company's legal team. "I'm thrilled to welcome Javier to CarGurus," said Jason Trevisan, Chief Executive Officer at CarGurus. "He brings both extensive legal experience and a strong track record of leading diverse teams – and as CarGurus seeks to give people the power to reach their destination, Javier's leadership will play a key part in that journey." Zamora is taking the helm of CarGurus'

CAMBRIDGE, Mass., Dec. 09, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), a multinational, online automotive platform for buying and selling vehicles, today announced it has hired Matt Quinn as its Chief Technology Officer. In this role, Quinn will report to Chief Executive Officer Jason Trevisan, and will oversee the company's entire engineering organization. He will focus on scaling the team and guiding the evolution of the company's technology platform as CarGurus fulfills its strategy of creating an end-to-end automotive transaction platform.   "I am thrilled to welcome Matt to CarGurus," said Jason Trevisan, CEO at CarGurus. "As CarGurus seeks to give people the power to re

CAMBRIDGE, Mass., Nov. 16, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), a multinational, online automotive platform for buying and selling vehicles, today announced a transition in its executive team with Sarah Welch stepping down and Dafna Sarnoff joining the company as Chief Marketing Officer. Dafna Sarnoff, a veteran marketing leader, will join CarGurus as CMO on December 8. Sarnoff has deep experience helping innovative companies achieve significant growth. Most recently, she led marketing and operations for the fast-growing, Boston-based consumer digital security company Aura. She previously led marketing for Intersection, a Google-backed experience-driven technology

CAMBRIDGE, Mass., June 16, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), a leading global, online automotive marketplace, today announced the appointment of Yvonne Hao on June 15, 2021 to the company's Board of Directors and as a member of its Audit Committee. Since July 2019, Ms. Hao has been a Managing Director and Co-Founder of the private equity firm Cove Hill Partners. Prior to that, Ms. Hao was the COO and CFO of PillPack where she was instrumental in that company's successful sale to and integration with Amazon. "Yvonne is an accomplished leader with tremendous experience providing technology and consumer companies with operational guidance and I am honored to welcome her

ADDISON, Texas, May 21, 2021 (GLOBE NEWSWIRE) -- CarOffer, the fast-growing inventory acquisition innovator and part of the CarGurus network (NASDAQ:CARG), today shared it reached record-breaking levels of dealer enrollment on its automated instant wholesale vehicle trade platform. The CarOffer platform launched in August 2019 and has emerged to become a much-needed, simplified and efficient solution for dealers to acquire pre-owned inventory, especially in the face of a pandemic-fueled rise in pre-owned demand and new car chip shortages. Dealer enrollment in the platform, which enables dealers to buy and sell vehicles using real-time instant offers, totaled more than 1,400 new dealer roof

Marketplace revenue grew 13% YoY Q1'25 Net Income of $39.0 million; Non-GAAP Adjusted EBITDA of $66.3 million, up 32% YoY Repurchased $184.2 million worth of shares in Q1'25, representing 6% of our outstanding capital BOSTON, May 08, 2025 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the first quarter ended March 31, 2025. "Our strong momentum in our Marketplace business continued into 2025, which grew 13% year-over-year," said Jason Trevisan, Chief Executive Officer at CarGurus. "Across the company, we advanced our 2025 core drivers of value creat

BOSTON, April 21, 2025 (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 quarter ended March 31, 2025, after the close of the market on May 8, 2025. 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 8, 2025. To access the conference call, dial (877) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section of the company's website at https://

Q4'24 Marketplace revenue grew 15% YoY Q4'24 International revenue grew 26% YoY and OEM Advertising revenue grew double-digit YoY Q4'24 Consolidated GAAP Net Income of $45.9 million; Q4'24 Non-GAAP Consolidated Adjusted EBITDA of $76.4 million, up 25% YoY BOSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the fourth quarter and year ended December 31, 2024. "We delivered exceptional results in 2024, with sustained revenue acceleration and significant margin expansion across geographies. Our Marketplace business achieved double-digi

BOSTON, Feb. 06, 2025 (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 31, 2024, after the close of the market on February 20, 2025. 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 20, 2025. To access the conference call, dial (877) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section

Q3'24 Marketplace revenue further accelerated to 15% YoY Consolidated GAAP Net Income of $22.5 million1, up 19% YoY; Non-GAAP Consolidated Adjusted EBITDA of $64.9 million, up 33% YoY CarGurus' Board of Directors authorized $200.0 million share repurchase program for fiscal year 2025 BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the third quarter ended September 30, 2024. "We are proud of our third quarter results as our Marketplace revenue growth further accelerated, and we leveraged our cost base to drive operating efficienc

BOSTON, Oct. 17, 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 third quarter ended September 30, 2024, after the close of the market on November 7, 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 November 7, 2024. To access the conference call, dial (844) 834-0648 for the U.S. or Canada, or (412) 542-4103 for international callers. The webcast will be available live on the Investors section of the company's

Q2'24 Marketplace revenue accelerated to 14% YoY, marking the third consecutive quarter of double-digit growth Consolidated GAAP Net Loss of $68.7 million1; Non-GAAP Adjusted EBITDA of $55.6 million, up 23% YoY Repurchased $61 million worth of shares in 2Q'24, representing 2.5% of our outstanding capital CAMBRIDGE, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the second quarter ended June 30, 2024. "Our Marketplace business continued to accelerate, achieving the largest quarterly revenue increase since 2021, driven by higher a

CAMBRIDGE, Mass., July 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 second quarter ended June 30, 2024, after the close of the market on August 8, 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 August 8, 2024. To access the conference call, dial (844) 826-3035 for the U.S. or Canada, or (412) 317-5195 for international callers. The webcast will be available live on the Investors section of the company'

1Q'24 Marketplace Revenue and QARSD growth accelerated further to 12% YoY and 14% YoY, respectively 1Q'24 Consolidated Net Income of $21.3 million, up 80% YoY; 1Q'24 Non-GAAP Adjusted EBITDA of $50.4 million, up 24% YoY Repurchased $81.1 million worth of shares in 1Q'24, representing 3.3% of our outstanding capital CAMBRIDGE, Mass., May 09, 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 financial results for the first quarter ended March 31, 2024. "We are pleased with our first quarter results, as we achieved sustained marketplace revenue acceleration, driven by dou

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) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section of the company's web