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CarGurus: Finally Getting Back On Its Feet, Buy Before Q4 Earnings (Rating Upgrade)
Seeking Alpha· 2024-01-30 00:35
deepblue4you These days, it seems that the stock market has very little patience for turnaround stories. Investors latch onto the latest growth stories and pay very little attention to companies that are struggling with business transitions. CarGurus (NASDAQ:CARG) falls squarely into this bucket. Dealing with softer post-pandemic demand for used cars, plus managing its rushed entry into the wholesale business, revenue and profit growth has stalled. Still - there is hope, as the stock is up more than 30% ...
CarGurus Partners with Chase to Expand Consumer Financing Options
Newsfilter· 2024-01-29 14:00
CAMBRIDGE, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the addition of Chase to its multi-lender financing platform, expanding options for consumers looking to pre-qualify for auto financing from the comfort of home. Available nationwide, Chase joins CarGurus' network of participating lenders — which also includes Capital One, Global Lending Services, and Westlake Financial ...
CarGurus Unveils the Best Used Cars for 2024, Preparing Shoppers for the Ideal Time to Buy
Newsfilter· 2024-01-24 14:00
CAMBRIDGE, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its 2024 Best Used Car Awards. Referencing an expansive set of pricing and availability data, consumer trends, and experience test driving over a thousand cars, CarGurus' panel of expert reviewers has identified the best used cars in 11 categories, including the best family car; city car; large, small, and midsize SUV; an ...
CarGurus(CARG) - 2023 Q3 - Earnings Call Transcript
2023-11-08 01:55
CarGurus, Inc. (NASDAQ:CARG) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Kirndeep Singh - VP & Head, Investment Jason Trevisan - Chief Executive Officer Sam Zales - President & Chief Operating Officer Conference Call Participants Rajat Gupta - JPMorgan Nick Jones - JMP Securities Tom White - D.A. Davidson Naved Khan - B. Riley Kunal Madhukar - UBS Doug Arthur - Huber Research Partners Ralph Schackart - William Blair Marvin Fong - BTIG Vincent Kardos - Jefferies Jed Kell ...
CarGurus(CARG) - 2023 Q3 - Earnings Call Presentation
2023-11-07 22:34
Transaction-Enabled Platform 1. Compared to major online automotive marketplaces in the U.S., defined as CarGurus.com, Autotrader.com, Cars.com, and TrueCar.com; Based on YipitData as of September 30, 2023 2. SimilarWeb: Audience Report, Q3 2023, USA 3. CarGurusTM Instant Max Cash Offer is also referred to as "Instant Max Cash Offer", "Instant Max", or "IMCO" in this presentation. …While creating full lifecycle solutions for dealers and consumers 6 Linking wholesale and retail transactions more tightly for ...
CarGurus(CARG) - 2023 Q3 - Quarterly Report
2023-11-06 16:00
| --- | --- | --- | --- | --- | |--------------|---------------------------------|--------------------|--------------------------------|--------------------| | Transactions | Three Months September \n2023 | Ended 30, \n2022 | Nine Months September \n2023 | Ended 30, \n2022 | | Transactions | 13,562 | 39,437 | 51,860 | 172,189 | (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT ...
CarGurus(CARG) - 2023 Q2 - Earnings Call Transcript
2023-08-11 02:54
CarGurus, Inc. (NASDAQ:CARG) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Kirndeep Singh - VP and Head, Investment Jason Trevisan - CEO Sam Zales - President and COO Conference Call Participants Chris Pierce - Needham Jed Kelly - Oppenheimer Brad Erickson - RBC Capital Markets Naved Khan - B. Riley Securities John Colantuoni - Jefferies Marvin Fong - BTIG Ron Josey - Citi Nick Jones - JMP Securities Operator Good day and welcome to the CarGurus' Second Quarter 2023 Earning ...
CarGurus(CARG) - 2023 Q2 - Earnings Call Presentation
2023-08-10 14:41
Where can I buy a car like this if it is not in my area? How do I know if I'm getting the best financing? Have others liked working with this dealer? Can I complete some steps of the purchase online? … And much more. We created a listings platform to meet their needs… But 4 1. Source: SimilarWeb: Traffic Report, Q2 2023, USA 2. Compared to major online automotive marketplaces in the U.S., defined as CarGurus.com, Autotrader.com, Cars.com, and TrueCar.com; Based on YipitData as of June 30, 2023 3. 2022 CarGu ...
CarGurus(CARG) - 2023 Q2 - Quarterly Report
2023-08-08 16:00
| --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|------------------------------|-------|--------------|-------|----------------------------|---------|--------------| | | | Three Months \nJune \n2023 | \n30, | Ended \n2022 | | Six Months \nJune \n2023 | \n 30, | Ended \n2022 | | Cost of revenue | $ | 185 | $ | 69 | $ | 328 | $ | 205 | | Sales and marketing expense | | 2,872 | | 4,086 | | 5,956 | | 8,069 | | Product, technology, and develo ...
CarGurus(CARG) - 2023 Q1 - Earnings Call Transcript
2023-05-10 00:07
CarGurus, Inc. (NASDAQ:CARG) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Kirndeep Singh - Vice President, Head of Investment Jason Trevisan - Chief Executive Officer Sam Zales - President and Chief Operating Officer Conference Call Participants Marvin Fong - BTIG John Colantuoni - Jefferies Tom White - D.A. Davidson & Co. Ron Josey - Citigroup Nick Jones - JMP Securities Operator Greetings, and welcome to CarGurus Q1 2023 Conference Call. [Operator Instructions] As a reminde ...