CarGurus operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The Company's marketplace enables users with third-party validation on pricing, dealer reputation and other information.
Type
Public
HQ
Cambridge, US
Founded
2006
Size (employees)
544 (est)+3%
CarGurus was founded in 2006 and is headquartered in Cambridge, US
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Key People/Management at CarGurus

Langley Steinert

Langley Steinert

Founder/CEO
Jason Trevisan

Jason Trevisan

Chief Financial Officer
Jasper Rosenberg

Jasper Rosenberg

VP of Consumer Solutions
Igor Kaplansky

Igor Kaplansky

Director of New Products
Amy Mueller

Amy Mueller

Vice President Communications
Dave Galvin

Dave Galvin

Vice President of Algorithmic Traffic Acquisition
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CarGurus Office Locations

CarGurus has an office in Cambridge
Cambridge, US (HQ)
2 Canal Park
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CarGurus Financials and Metrics

CarGurus Financials

CarGurus's revenue was reported to be $316.86 m in FY, 2017
USD

Revenue (Q1, 2018)

98.7 m

Gross profit (Q1, 2018)

93.1 m

Gross profit margin (Q1, 2018), %

94.4%

Net income (Q1, 2018)

3.7 m

EBIT (Q1, 2018)

3.9 m

Market capitalization (23-May-2018)

3.4 b

Closing share price (23-May-2018)

31.9

Cash (31-Mar-2018)

62 m
CarGurus's current market capitalization is $3.4 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

98.6 m198.1 m316.9 m

Revenue growth, %

101%

Cost of goods sold

4.2 m9.6 m17.6 m

Gross profit

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

Revenue

53.1 m67 m76.2 m83 m98.7 m

Cost of goods sold

2.9 m3.3 m4.3 m4.7 m5.6 m

Gross profit

50.3 m63.7 m71.9 m78.3 m93.1 m

Gross profit Margin, %

95%95%94%94%94%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

61.4 m29.5 m87.7 m

Accounts Receivable

5.7 m6.7 m

Prepaid Expenses

931 k2.8 m

Current Assets

69.1 m85.5 m157.2 m
Quarterly
USDQ2, 2017Q3, 2017Q1, 2018

Cash

33.3 m25.6 m62 m

Accounts Receivable

9 m10.1 m

Prepaid Expenses

5.5 m3.5 m

Current Assets

95.8 m99.2 m161.5 m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(1.6 m)(6.5 m)13.2 m

Depreciation and Amortization

1.1 m2.1 m3.8 m

Accounts Payable

6.1 m5.8 m6.2 m

Cash From Operating Activities

12.9 m20 m25.7 m
Quarterly
USDQ2, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018

Net Income

(521 k)2.7 m(8.6 m)10.9 m3.7 m

Depreciation and Amortization

836 k1.4 m1.6 m2.7 m1.2 m

Accounts Payable

2.5 m11.5 m1.2 m6.4 m649 k

Cash From Operating Activities

6.6 m20.5 m10.1 m18.5 m6.4 m
USDY, 2018

Financial Leverage

1.4 x
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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
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CarGurus News and Updates

CarGurus spikes 72% in auto marketplace IPO

 Used-car marketplace CarGurus spiked more than 72 percent during its first day of trading. The Cambridge, Massachusetts-based company had raised more than $150 million after pricing its IPO at $16. By the end of trading Thursday, shares had gone up more than 72 percent, closing at $27.58. Read More

CarGurus IPO priced at $16 per share: Reuters

CarGurus Inc (CARG.O), an online marketplace for new and used cars, raised about $150.4 million from its initial public offering priced at $16 per share.

Hyundai Santa FE recognized for used car value and driver experience by CarGurus

The 2013 to 2016 model years of Hyundai’s Santa Fe have been named best used car for the Full-size Crossover/SUV in CarGurus’ first annual Best Used Car Awards. The award recognizes the best recent-year used models across seven categories and takes into account things like long-term value retention …
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