CarGurus

#3629

Rank

$2.79B

Marketcap

United States

Country

Leadership team

Mr. E. Langley Steinert (Founder & Exec. Chairman)

Mr. Jason M. Trevisan (CEO & Director)

Mr. Samuel Zales (COO & Pres)

Products/ Services

Automotive, Classifieds, Price Comparison, Shopping

Number of Employees

1,000 - 20,000

Headquarters

Cambridge, Massachusetts, United States

Established

2006

Company Registration

SEC CIK number: 0001494259

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

CARG

Social Media

URL

https://www.cargurus.com

Overview

Location

Recognition and Award

References

Summary

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

History

CarGurus was founded in 2006 by Langley Steinert, a co-founder of TripAdvisor. Langley Steinert was the company's CEO until January, 2021 when CFO Jason Trevisan was named as the company's CEO. The company started off as an automotive community blog where consumers could post reviews and questions about local dealers, shops, and types of cars. Dealers expressed interest in advertising on the site, and the company changed its business strategy to connect dealers and consumers by putting inventory on the site.

From 2009 to 2011, the company's visitor traffic increased from 9 million per month to 21 million per month.

Mission

Here at CarGurus, our mission is to give people the power to reach their destination.

Vision

CarGurus’ vision is to be the leading car shopping destination - a place where people can come to find what they want in a car, when they want it. We strive to serve car shoppers at every step of the way, from researching their ideal car to connecting them with the right dealer.

Key Team

Ms. Dafna Sarnoff (Chief Marketing Officer)

Ms. Andrea Lee Eldridge (Chief People Officer)

Mr. Yann Bruno Gellot (Principal Accounting Officer)

Mr. Matthew Todd Quinn (Chief Technology Officer)

Ms. Kirndeep Singh (VP & Head of Investor Relations)

Mr. Javier Zamora (Gen. Counsel & Corp. Sec.)

Brian Kramer (Director of PR)

Recognition and Awards

CarGurus won 8 awards in 2022 and 3 awards in 2021. In 2022, CarGurus won for Best Company Culture 2022, Best Company Perks & Benefits, Best Company Work-Life Balance, Best Company Compensation, Happiest Employees, Best CEOs for Women 2022, Best Places to Work in Boston 2022 and Best Company Outlook 2022. In 2021, CarGurus won for Best CEO 2021, Best Company Perks & Benefits and Best Company Work-Life Balance. Based on 5,362 ratings and 185 participants, employees at CarGurus are very satisfied with their work experience. The overall culture score, 87/100 or A+, incorporates employee ratings based on their feedback on the Work Culture, CEO Rating, Diversity and more.