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 Ratings3.7
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2019)921(+26%)
Job Openings86
Revenue (FY, 2020)$551.5 M(-6%)
Share Price (Mar 2021)$23.8
Cybersecurity ratingCMore

Key People/Management at CarGurus

Langley Steinert

Langley Steinert

Founder/Executive Chairman
Andrew Grochal

Andrew Grochal

VP of Dealer Products
Kyle Lomeli

Kyle Lomeli

Chief Technology Officer
Scot Fredo

Scot Fredo

Chief Financial Officer
Don Mason

Don Mason

VP of Brand Advertising Partnerships
Andrea Eldridge

Andrea Eldridge

Chief People 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 $551.45 m in FY, 2020
USD

Revenue (FY, 2020)

551.5m

Gross profit (FY, 2020)

508.7m

Gross profit margin (FY, 2020), %

92.3%

Net income (FY, 2020)

77.6m

EBIT (FY, 2020)

97.8m

Market capitalization (31-Mar-2021)

2.8b

Closing stock price (31-Mar-2021)

23.8

Cash (31-Dec-2020)

190.3m

EV

2.7b
CarGurus's current market capitalization is $2.8 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

98.6m198.1m316.9m454.1m588.9m551.5m

Revenue growth, %

101%

Cost of goods sold

4.2m9.6m17.6m24.8m42.7m

Gross profit

94.4m188.6m299.3m429.3m508.7m
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, 2019FY, 2020

Cash

61.4m29.5m87.7m34.9m59.9m190.3m

Accounts Receivable

5.7m6.7m12.6m13.6m22.1m18.2m

Prepaid Expenses

931.0k2.8m5.4m10.1m10.5m12.4m

Current Assets

69.1m85.5m157.2m194.9m219.0m332.0m
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, 2019FY, 2020

Net Income

(1.6m)(6.5m)13.2m65.2m42.1m77.6m

Depreciation and Amortization

1.1m2.1m3.8m5.0m7.8m11.3m

Accounts Payable

6.1m5.8m6.2m9.3m4.3m(15.1m)

Cash From Operating Activities

12.9m20.0m25.7m51.7m70.1m156.7m
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 k21.3 k25.04 k

Car Listings

5.4 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

77/100

SecurityScorecard logo

CarGurus Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

CarGurus Online and Social Media Presence

Embed Graph

CarGurus Company Culture

  • Overall Culture

    B+

    81/100

  • CEO Rating

    A+

    88/100

  • Compensation

    A

    85/100

  • Diversity

    B-

    74/100

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CarGurus News and Updates

Probability Of CarGurus Rising After Falling Nearly 2% Last Week?

CarGurus is an automotive research and shopping website which assists users in comparing listings for used and new cars, and contacting sellers. The stock fell by 1.6% in the last week. But will the company resume its upward trajectory over the coming weeks, or is a fall in the stock imminent?...

CarGurus Announces Fifth Annual Top Rated Dealer Awards in Canada

Dealerships with Highest Shopper Satisfaction Recognized by Leading Automotive Shopping Site Dealerships with Highest Shopper Satisfaction Recognized by Leading Automotive Shopping Site

CarGurus Study Reveals Desire for More Car Financing Information Earlier in Shopping Journey

Survey Shows More Education and Awareness Needed Around Auto Loan Literacy Survey Shows More Education and Awareness Needed Around Auto Loan Literacy

: CarGurus stock drops as earnings outlook falls short of Street estimate

CarGurus Inc. CARG shares dropped in the extended session Thursday after the online used-car site’s earnings forecast fell short of Wall Street estimates while results topped them. CarGurus shares fell 5% after hours, following a 2.5% decline in the regular session to close at $34.73. The company re…

CarGurus Launches Finance in Advance*™, A New Digital Retailing Feature

Consumers Can Now Compare Financing Rates and Visit the Dealership More Prepared to Purchase a Vehicle

CarGurus to Report Fourth Quarter 2020 Financial Results

CAMBRIDGE, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global online automotive marketplace, announced it will issue a press release reporting financial results for the fourth quarter and fiscal year ended December 31, 2020, after the close of the market on Fe…
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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, Andrew Grochal and Kyle Lomeli.

  • How many employees does CarGurus have?

    CarGurus has 921 employees.

  • What is CarGurus revenue?

    Latest CarGurus annual revenue is $551.5 m.

  • What is CarGurus revenue per employee?

    Latest CarGurus revenue per employee is $598.8 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.