Looking to buy a used car? CarGurus Announces 2019 Best Used Car Award Winners, CarGurus Boosts Its Digital Retail Offering with Capital One Auto Finance Partnership, CarGurus Releases Second Annual Self-Driving Car Sentiment Survey, CarGurus Engineers Do Their Part with Launch of Open Source Fund, CarGurus Survey Finds Brand and Category Loyalty Decreasing Among Pickup Truck Owners, CarGurus Hires Spencer Scott as Senior Vice President of Advertising and Digital Marketing Solutions, CarGurus Announces Fifth Annual Top Rated Dealer Awards, CarGurus Receives Two "Highest Rated" DrivingSales Dealer Satisfaction Awards, CarGurus 2018 Buyer Insight Report Dives Into Car Shopping Journey, CarGurus Launches New Brand Campaign for 2019, CarGurus signs agreement for acquisition of motoring website PistonHeads from Haymarket Media Group, CarGurus Consumer Research Shows There’s Still Life Left For Sedans, Jaguar Land Rover North America Names CarGurus A Certified Retail Marketing Vendor, CarGurus Helps Dealerships Solve for Attribution with More Insight, CarGurus Studies Commuting Behavior and Patterns Across America, CarGurus, Inc. Names Steve Conine to its Board of Directors, CarGurus Survey Finds Most Car Owners Are Not Ready for Self-Driving Cars, CarGurus Announces 2018 Best Used Car Award Winners, CarGurus, Inc. Appoints Greg Schwartz to its Board of Directors, CarGurus Launches High-Efficiency Search Engine Marketing Product for Dealerships, CarGurus Gives Shoppers "Everything You Need To Know" in Newest Television Ads, CarGurus Hires Wendy Harris as Vice President of European Sales, CarGurus Releases 2017 Used Car Market Insights Report.
, July 24, 2020 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global online automotive marketplace, announced it will issue a press release reporting financial results for the second quarter ended June 30, 2020 , after the close of the market on August 6, 2020 . “Although our industry and our business are facing unprecedented uncertainty amidst the COVID-19 pandemic, CarGurus generated strong results in the second quarter that demonstrate our business’s flexibility and resilience,” said Langley Steinert, Founder and Chief Executive Officer of CarGurus. CarGurus Integrates Dealer Reviews in DealFinder Service; Helps Shoppers Avoid "Bait & Switch" and Other Questionable Practices So They Can Find Great Deals from Great Dealers, CarGurus Used Car Price Index Drops Slightly in September But Market Remains Daunting for Shoppers: Average Used Car Price Up Nearly 3% Year Over Year; Small Cars Up 15%, CarGurus Named to Top 100 on Inc. Magazine's List of Fastest-Growing Private Companies: Automotive Website Ranks 96th on 2011 Inc. 500 List with Three-Year Revenue Growth of Over 2600%, Best Deals on Carpool-Friendly Cars for Back-to-School: CarGurus Names Top Picks for Cars That Fit Family, Friends and Budget, Most Patriotic Car Buying Cities: CarGurus Study Ranks U.S. Metro Areas by Consumer Interest in Buying American Cars; Midwest Cities Top List, Coastal Cities Rank Lowest, CarGurus Study Reveals Top 5 Reasons Why Consumers Loathe and Love Car Dealers: Price Matters, But Online Car Shoppers Also Want Quick, Trustworthy Communication, Best Car Deals for Recent Grads: CarGurus Research Highlights Safe Used Cars That Fit Starter-Salary Budgets, Buying a Car and Worried About Rising Prices? The enterprise-system upgrade and overhaul of its data architecture have provided CarGurus with improved accuracy in dealer-level data and is expected to yield improved efficiency in sales account management. Second Quarter Highlights: Total revenue of $94.7 million , a decrease of (35%) year-over-year GAAP operating income of $8.7 million ; non-GAAP operating income of $24.7 million GAAP net income of $7.1 million ; non-GAAP net income of $21.3 million Adjusted EBITDA of $27.5 million CAMBRIDGE, Mass.
We had previously defined a paying dealer as a dealer, based on a distinct associated inventory feed, that subscribes to one of our paid Listings packages or Dealer Display advertising and audience targeting products at the end of a defined period. Tell your local community all about your award! Pike, CarGurus aims to give dealers more choices, Looking to convert online browsers into buyers? 13, 2019. As a result of their hard work, we continue to deliver what we believe to be market-leading innovation and return on investment to our dealer customers. Top-Rated Dealers award criteria + Top-Rated Dealers chosen based on CarGurus star rating system (dealers are rated out of five, one being the lowest score, five being the highest)+ To be eligible, dealers must be based in the UK, have an average star rating of 4.5 and above and received at least six reviews over the last 12 months+ Quantity of positive reviews over the last 12 months also taken into account by CarGurus. While our non-GAAP financial measures and other business metrics are an important tool for financial and operational decision-making and for evaluating our own operating results over different periods of time, we urge investors to review the reconciliation of these financial measures to the comparable GAAP financial measures included above, and not to rely on any single financial measure to evaluate our business. 2014-2018 Toyota Highlander . It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. CarGurus believes these increases in May and June, demonstrate the strength in CarGurus’ recovery and the value delivered by CarGurus to paying dealers. CarGurus Celebrates “Most Patriotic” Car-Buying Cities: Heartland cities buy American, coastal cities stick with foreign brands, CarGurus Study Identifies Most Affordable and Most Expensive Cities for Used Car Shopping: Data Shows Up to 16% Price Difference Between Markets, Car-veat Emptor: Used Car Shoppers, Do Your Research - CarGurus Study Finds 1 in 6 Used Cars for Sale Has an Accident History. Cambridge, MA - July 21, 2020 - CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today released its second COVID-19 Sentiment Study. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands. Be sure to use Fallback embed type if there's a form in the video.