CarGurus

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.

References

https://en.wikipedia.org/wiki/CarGurus

https://in.investing.com/equities/cargurus

https://finance.yahoo.com/quote/CARG/profile?p=CARG

https://www.comparably.com/companies/cargurus/mission

https://www.crunchbase.com/organization/cargurus

https://sec.report/CIK/0001494259

https://companiesmarketcap.com/

https://www.cargurus.com

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