Eighth Annual Consumer Insights Report finds shoppers are blending online convenience with in-person guidance, turning to AI and mobile tools to navigate the market confidently BOSTON, Dec. 03, 2025 (GLOBE NEWSWIRE) -- CarGurus, the No. 1 most visited automotive shopping site in the U.S.1, today released its U.S. Consumer Insights Report. The eighth annual study examines shopper preferences, challenges, and trends along the car buying and selling journey. Surveying over 3,000 recent car buyers and sellers, ...

Core Insights - The article highlights that 44% of consumers are using AI-powered car search tools, indicating a significant shift in how Americans shop for vehicles [1][2] - The survey results show that 97% of consumers believe AI will influence their purchase decisions, marking a new era in auto retail [2] Consumer Behavior and Preferences - Approximately 73% of AI users find it saves time by converting conversational queries into targeted search results, while two-thirds desire an AI-powered personal car shopping assistant [2] - 71% of respondents trust AI tools for unbiased and accurate vehicle information, but 63% express concerns about potential biases in AI recommendations [3] Post-AI Search Actions - After using AI tools, 41% of shoppers are likely to visit a dealer or manufacturer's website, and 64% are open to additional recommendations from salespeople [4] - Most consumers prefer transitioning from AI tools to direct dealer interaction for budget and financing discussions when nearing a purchase [4] Impact of Carson - Carson, the AI tool launched by Cars.com, has shown strong engagement, with users returning to the site twice as often as other shoppers and saving three times more vehicles [5] - Carson currently assists about 15% of web and mobile searches on Cars.com and is continuously evolving with new features [5] Industry Positioning - Cars.com is positioned as a leader in automotive innovation, promising a more efficient and user-friendly experience for consumers and dealerships [6]

Company Overview - Token Cat Limited, formerly known as TuanChe Limited, is a leading automotive marketplace in China, founded in 2010 [5] - The company connects automotive consumers with manufacturers, dealers, and service providers, offering comprehensive marketing and transaction services [5] - Token Cat utilizes an interactive many-to-many model to transform individual car purchases into large-scale group buying experiences [5] - The company is exploring entry into the cryptocurrency sector [5] ADS Ratio Change Announcement - Token Cat plans to change the ratio of its American depositary shares (ADSs) from 1 ADS representing 240 Class A ordinary shares to 1 ADS representing 4,800 Class A ordinary shares, effective on or about August 29, 2025 [1][2] - This change will effectively act as a one-for-twenty reverse ADS split for ADS holders [2] - The exchange of existing ADSs for new ADSs will occur automatically, with no action required from holders [2] Fractional ADSs and Trading - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3] - There will be no change to the Company's Class A ordinary shares, and the ADSs will continue to trade on the Nasdaq Capital Market under the symbol "TC" [4] - The ADS price is expected to increase proportionally as a result of the ADS Ratio Change, although no assurance can be given regarding the price post-change [4]

Core Insights - CarGurus reported revenue of $234.03 million for the quarter ended June 2025, reflecting a 7% increase year-over-year and a surprise of +0.57% over the Zacks Consensus Estimate of $232.7 million [1] - The earnings per share (EPS) for the quarter was $0.57, compared to $0.41 in the same quarter last year, resulting in an EPS surprise of +5.56% against the consensus estimate of $0.54 [1] Performance Metrics - CarGurus' shares have returned -8.6% over the past month, while the Zacks S&P 500 composite increased by +1.2%, indicating underperformance relative to the broader market [3] - The total number of paying dealers in the U.S. was 25,478, exceeding the three-analyst average estimate of 25,322 [4] - International paying dealers totaled 7,617, surpassing the average estimate of 7,288 by three analysts [4] - The total number of paying dealers reached 33,095, above the average estimate of 32,611 by three analysts [4] Revenue Breakdown - The Quarterly Average Revenue per Subscribing Dealer (QARSD) for consolidated operations was $6,349.00, slightly below the average estimate of $6,389.77 [4] - The QARSD for international dealers was $2,309.00, exceeding the two-analyst average estimate of $2,107.40 [4] - The QARSD for U.S. dealers was $7,533.00, compared to the average estimate of $7,594.49 [4] - Marketplace revenue was reported at $222 million, slightly above the average estimate of $221.5 million, with a year-over-year change of +13.8% [4] - Wholesale revenue was $6.3 million, below the average estimate of $6.89 million, representing a year-over-year decline of -52% [4] - Product revenue was $5.8 million, exceeding the average estimate of $4.91 million, but showing a significant year-over-year decrease of -44.3% [4]

Financial Performance - OPENLANE achieved consolidated revenue growth of 9% reaching $481.7 million in Q2 2025[10, 40] - Adjusted EBITDA increased by 21% to $86.7 million[10, 40] - Adjusted EBITDA margin improved by 190 basis points to 18%[40] - Income from continuing operations saw a significant increase of 212% reaching $33.4 million[40] - Adjusted Free Cash Flow increased by 34% to $86.5 million[40] - Operating Adjusted EPS increased by 74% to $0.33[40] Segment Performance - The marketplace segment experienced substantial growth, with dealer vehicles sold increasing by 21%[11] - The finance segment demonstrated strong performance, growing average managed receivables and increasing adjusted EBITDA[11] Guidance - OPENLANE raised its 2025 guidance, with revised expectations for Income from Continuing Operations between $132 million and $140 million[12, 52] - Adjusted EBITDA guidance was revised upward to a range of $310 million to $320 million[12, 53] - Operating Adjusted EPS guidance was also increased to a range of $1.12 to $1.17[53]

Core Viewpoint - ACV, a leading digital automotive marketplace, is set to report its second quarter 2025 financial results on August 11, 2025, after market close [1]. Group 1: Financial Reporting - The company will host a conference call at 5:00 p.m. ET on the same day to discuss the financial results [1]. - Investors and analysts can participate in the call by dialing the provided numbers approximately 10 minutes prior to the start [2]. Group 2: Company Overview - ACV aims to transform the automotive industry by creating trusted and efficient digital marketplaces and data solutions for used vehicles [3]. - The company's offerings include ACV Auctions, ACV Transportation, ACV Capital, ACV MAX, True360, and ClearCar [3].

Core Insights - ACV has launched a free digital roundtable series aimed at helping dealers source inventory more effectively and sell vehicles quickly, responding to the increasing demand for expert guidance and actionable data from dealers [1][2] Group 1: Digital Roundtable Series - The series is designed to assist dealers in acquiring more vehicles, including consumer-sourced inventory, and to accelerate vehicle turn times to enhance profitability [1] - The next session, scheduled for May 15, will focus on strategies for effectively acquiring cars from consumers, led by ACV's experts [3] - The roundtable will provide actionable steps and proven tactics for dealers to improve their sourcing strategies, whether they are starting from scratch or optimizing existing processes [5] Group 2: Expert Insights and Solutions - ACV's leadership emphasizes the importance of data-backed solutions powered by AI to help dealers navigate inventory constraints [2] - The sessions will cover high-level strategies and operational solutions, including financing options through ACV Capital, to help dealers scale their consumer vehicle buying [4] - The first session of the series highlighted the use of high fidelity, structured data and AI to enhance dealership performance and profitability [7][9] Group 3: Future Developments - The roundtable series aims to provide insights into pricing intelligence breakthroughs, merchandising solutions, and appraisal standardization [9] - Future sessions will explore on-demand recommendations and the use of AI for inventory decision-making, including pricing and disposition strategies [9] Group 4: Company Mission - ACV is committed to transforming the automotive industry by creating trusted and efficient digital marketplaces and data solutions for sourcing, selling, and managing used vehicles [10]

Core Viewpoint - ACV, a digital automotive marketplace, is set to report its first quarter 2025 financial results on May 7, 2025, after market close [1]. Group 1: Financial Reporting - The company will host a conference call at 5:00 p.m. ET on the same day to discuss the financial results [1]. - Investors and analysts can participate in the call by dialing the provided numbers approximately 10 minutes prior to the start [2]. Group 2: Company Overview - ACV aims to transform the automotive industry by providing a trusted and efficient digital marketplace along with data solutions for used vehicle management [3]. - The company's offerings include ACV Auctions, ACV Transportation, ACV Capital, ACV MAX, True360, and ClearCar [3].

Core Points - Token Cat Limited has received a Deficiency Letter from Nasdaq indicating non-compliance with the minimum bid price requirement as its closing bid price per ADS has been below US$1.00 for 30 consecutive business days [1] - The company has a Compliance Period of 180 calendar days until September 15, 2025, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days [2] - If compliance is not regained by the deadline, the company may be eligible for an additional 180-day compliance period if it meets other listing requirements [3] - The company is monitoring its ADS closing bid price and considering options, including adjusting the ADS-to-Class A ordinary share ratio, to regain compliance [4] - Token Cat Limited is currently compliant with all other Nasdaq continued listing standards and the Deficiency Letter does not affect its business operations or reporting requirements [4] Company Overview - Founded in 2010, Token Cat Limited is a leading automotive marketplace in China, connecting consumers with manufacturers, dealers, and service providers [5] - The company integrates digital platforms with offline sales events to offer comprehensive automotive marketing and transaction services [5] - Token Cat utilizes proprietary data analytics and advanced digital marketing systems to enhance advertising efficiency for industry customers [5] - The company is exploring entry into the cryptocurrency sector [5]