OverviewSuggest Edit

CarGurus operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. Its marketplace enables users with third-party validation on pricing, dealer reputation, and other information.
TypePublic
Founded2006
HQCambridge, MA, US
Websitecargurus.com
Employee Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)921(+26%)
Revenue (FY, 2019)$588.9 M(+30%)
Share Price (Jan 2021)$31.9 (-4%)
Cybersecurity ratingCMore

Key People/Management at CarGurus

Langley Steinert

Langley Steinert

Founder/CEO, Chairman
Scot Fredo

Scot Fredo

SVP Financial Planning & Analysis
Jason Trevisan

Jason Trevisan

Chief Financial Officer & President of International
Andrew Grochal

Andrew Grochal

VP of Dealer Products
Wendy Harris

Wendy Harris

VP of European Sales
Kyle Lomeli

Kyle Lomeli

Chief Technology Officer
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CarGurus Office Locations

CarGurus has an office in Cambridge
Cambridge, MA, US (HQ)
2 Canal Park
Show all (1)

CarGurus Financials and Metrics

CarGurus Revenue

CarGurus's revenue was reported to be $588.92 m in FY, 2019
USD

Revenue (Q3, 2020)

147.5m

Gross profit (Q3, 2020)

137.7m

Gross profit margin (Q3, 2020), %

93.4%

Net income (Q3, 2020)

32.6m

EBIT (Q3, 2020)

43.6m

Market capitalization (15-Jan-2021)

3.6b

Closing stock price (15-Jan-2021)

31.9

Cash (30-Sept-2020)

245.9m

EV

3.4b
CarGurus's current market capitalization is $3.6 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

98.6m198.1m316.9m454.1m588.9m

Revenue growth, %

101%

Cost of goods sold

4.2m9.6m17.6m24.8m

Gross profit

94.4m188.6m299.3m429.3m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

53.1m67.0m76.2m83.0m98.7m110.3m119.0m135.3m145.0m150.5m157.7m94.7m147.5m

Cost of goods sold

2.9m3.3m4.3m4.7m5.6m6.0m6.4m7.7m8.6m9.9m9.8m

Gross profit

50.3m63.7m71.9m78.3m93.1m104.4m112.6m127.6m136.4m84.9m137.7m

Gross profit Margin, %

95%95%94%94%94%95%95%94%94%90%93%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

61.4m29.5m87.7m34.9m59.9m

Accounts Receivable

5.7m6.7m12.6m13.6m22.1m

Prepaid Expenses

931.0k2.8m5.4m10.1m10.5m

Current Assets

69.1m85.5m157.2m194.9m219.0m
Quarterly
USDQ2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

33.3m25.6m62.0m31.8m77.6m29.9m27.8m29.5m74.5m133.2m245.9m

Accounts Receivable

9.0m10.1m12.2m11.4m12.6m15.1m17.1m17.9m17.5m16.8m16.3m

Prepaid Expenses

5.5m3.5m7.3m11.1m8.2m9.7m8.0m8.4m18.8m11.1m7.3m

Current Assets

95.8m99.2m161.5m164.3m175.6m179.4m188.8m206.2m210.2m216.1m281.4m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(1.6m)(6.5m)13.2m65.2m42.1m

Depreciation and Amortization

1.1m2.1m3.8m5.0m7.8m

Accounts Payable

6.1m5.8m6.2m9.3m4.3m

Cash From Operating Activities

12.9m20.0m25.7m51.7m70.1m
Quarterly
USDQ2, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(521.0k)2.7m(8.6m)10.9m3.7m34.9m47.1m12.6m18.6m29.0m12.7m19.8m52.4m

Depreciation and Amortization

836.0k1.4m1.6m2.7m1.2m2.5m3.8m1.6m3.5m5.7m3.0m6.3m8.8m

Accounts Payable

2.5m11.5m1.2m6.4m649.0k7.3m11.5m3.2m6.0m10.7m(7.4m)(25.9m)(19.7m)

Cash From Operating Activities

6.6m20.5m10.1m18.5m6.4m23.8m34.6m9.7m25.7m49.6m10.1m34.9m108.8m
USDFY, 2015

Debt/Equity

-0.3 x

Debt/Assets

0.1 x

Financial Leverage

-4.8 x
Show all financial metrics

CarGurus Operating Metrics

CarGurus's Monthly Unique Users was reported to be 28.6 m in Q3, 2017.
FY, 2015Q2, 2016Q3, 2016FY, 2016Q2, 2017Q3, 2017

Dealers

12.33 k17.25 k21.30 k25.04 k

Car Listings

5.40 m

Monthly Visitor Sessions

31.87 m46.79 m52.12 m49.33 m66.46 m72.91 m

Monthly Unique Users

15.18 m20.54 m22.58 m21.52 m25.27 m28.56 m
Show all operating metrics

CarGurus Acquisitions / Subsidiaries

Company NameDateDeal Size
AutolistJanuary 20, 2020

CarGurus Revenue Breakdown

Embed Graph

CarGurus revenue breakdown by geographic segment: 98.8% from United States and 1.2% from Other

CarGurus Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

CarGurus Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

CarGurus Online and Social Media Presence

Embed Graph

CarGurus Company Culture

  • Overall Culture

    B

    75/100

  • CEO Rating

    A+

    86/100

  • Compensation

    A-

    81/100

  • Diversity

    B-

    74/100

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CarGurus News and Updates

CarGurus Completes Acquisition of CarOffer

CAMBRIDGE, Mass., Jan. 14, 2021 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today announced it has completed the acquisition of a 51% interest in CarOffer, with the ability to buy the remaining equity interest in the company over the next three year…

CarGurus Agrees to Acquire a Majority Stake in Instant Trade Platform, CarOffer

Acquisition Will Fuel CarGurus’ Platform Growth, With Expanded Capabilities To Help Dealers Buy and Sell Wholesale Inventory Acquisition Will Fuel CarGurus’ Platform Growth, With Expanded Capabilities To Help Dealers Buy and Sell Wholesale Inventory

CarGurus Study Uncovers How Pandemic Impacted Canadian Automotive Industry in 2020

Interest in Digital Retail is Up, While Public Transit and Ride Sharing are Down Interest in Digital Retail is Up, While Public Transit and Ride Sharing are Down

CarGurus Will Offer Free Marketplace Subscriptions in December for UK Dealers Due to Lockdowns

LONDON, Nov. 06, 2020 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the fastest growing online automotive marketplace in the UK1, today announced it will waive December marketplace subscription fees for dealers currently on CarGurus UK and PistonHeads platforms. The company is also offering free tr…

CarGurus Announces Third Quarter 2020 Results

Third Quarter Highlights:

CarGurus Releases 2020 Pickup Truck Sentiment Study

Analysis shows several bright spots for popular vehicle segment, but affordability concerns remain amid pandemic
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CarGurus Blogs

From Rags to Riches: Driving a 2020 Nissan Versa to the Hamptons

When Nissan puts a car like the Versa up for sale starting at $14,730, it's hard not to take notice. Especially when the car in question looks as good as this. Matt Smith puts it to the test. The post From Rags to Riches: Driving a 2020 Nissan Versa to the Hamptons appeared first on The CarGurus Blo…

Buying a Used Truck? These 5 Rule the Worksite

Do you need a used truck that's rugged enough for the worksite? These five models, which include the Ford F-150 and Toyota Tundra, should easily do the job. The post Buying a Used Truck? These 5 Rule the Worksite appeared first on The CarGurus Blog.

We Tried City Living with an Electric Car

Think an electric car fits your lifestyle? We took a Nissan Leaf into the city for a week to find out just how easy it is to live with an EV. The post We Tried City Living with an Electric Car appeared first on The CarGurus Blog.

The Best Compact Crossovers—No Matter Your Budget

Whether you have $50,000 to spend or $5,000, this list of the best compact crossovers will help you find one that suits your lifestyle and your budget. The post The Best Compact Crossovers—No Matter Your Budget appeared first on The CarGurus Blog.

U.S. Automakers Respond to the Coronavirus Pandemic

This article takes a look at the actions automakers are taking in response to the coronavirus situation and how those are affecting employees. The post U.S. Automakers Respond to the Coronavirus Pandemic appeared first on The CarGurus Blog.

The Mercedes CLA-Class: A Luxurious Super Commuter

The CLA may fill a small niche for Mercedes shoppers, but it does so beautifully, combining style, poise, and technology in a gorgeous package. The post The Mercedes CLA-Class: A Luxurious Super Commuter appeared first on The CarGurus Blog.
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CarGurus Frequently Asked Questions

  • When was CarGurus founded?

    CarGurus was founded in 2006.

  • Who are CarGurus key executives?

    CarGurus's key executives are Langley Steinert, Scot Fredo and Jason Trevisan.

  • How many employees does CarGurus have?

    CarGurus has 921 employees.

  • What is CarGurus revenue?

    Latest CarGurus annual revenue is $588.9 m.

  • What is CarGurus revenue per employee?

    Latest CarGurus revenue per employee is $639.4 k.

  • Who are CarGurus competitors?

    Competitors of CarGurus include Auto1 Group, Kelley Blue Book and Carfax.

  • Where is CarGurus headquarters?

    CarGurus headquarters is located at 2 Canal Park, Cambridge.

  • Where are CarGurus offices?

    CarGurus has an office in Cambridge.

  • How many offices does CarGurus have?

    CarGurus has 1 office.