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 ...

| --- | --- | --- | --- | --- | |--------------|---------------------------------|--------------------|--------------------------------|--------------------| | 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 ...

Jed Kelly Jason Trevisan And so we will participate with them in a controlled way as we go forward, but signs indicate right now that they have bought up, and they are going to stay slow in the next period of time from a buy transaction perspective. Jason, do you want to take the macro question? And second, with the significantly higher lead conversion in Digital Deal, it seems like there's a huge opportunity to increase QARSD over time. Talk about your expectations for expanding that offering across the de ...

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 ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|------------------------------|-------|--------------|-------|----------------------------|---------|--------------| | | | 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 ...

Operator Thank you, operator. Good afternoon. I'm delighted to welcome you to CarGurus First Quarter 2023 Earnings Call. We will be discussing the results announced in our press release issued today after the market closed and posted on our Investor Relations website. Transaction enablement allows dealers to further monetize a retail sale. Instant Max Cash Offer allows consumers to monetize the transaction through the direct sale of their own vehicle. And at CarGurus, we are able to monetize high-value Digi ...

Subsequent Event Considerations The preparation of the Unaudited Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Concentration of Credit Risk The Company routinely assesses the creditworthiness of its cu ...

The concurrent impact of these factors contributed to a decline in used retail and wholesale car prices as well as a reduction in wholesale activity. Though it is encouraging to see prices trend down, outside of typical seasonality, it creates a transitory environment that makes buying and selling difficult for both consumers and dealers alike. While we continue to monitor the impact of these factors closely and remain agile in this transient environment, we're still marching towards fulfilling our vision o ...

74 As of December 31, 2022, one customer accounted for 13% of net accounts receivable. As of December 31, 2021, two customers accounted for 47% and 18% of net accounts receivable, respectively. The remainder of the accounts receivable was dispersed among more than 1,000 customers. The customers who account for greater than 10% of net accounts receivable are related to wholesale and product receivables. The collection risk associated with these customers is mitigated because, as discussed above, the Company ...

CarGurus, Inc. (NASDAQ:CARG) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Kirndeep Singh - Vice President, Investor Relations Jason Trevisan - Chief Executive Officer Sam Zales - President and COO Conference Call Participants Chris Pierce - Needham Jed Kelly - Oppenheimer Nick Jones - JMP Securities Brad Erickson - RBC Capital Markets Ralph Schackart - William Blair Doug Arthur - Huber Research Naved Khan - Truist Securities Tevis Robinson - D.A. Davidson Operator Greeti ...