CarGurus
| Headquarters in Boston | |
| Type | Public |
|---|---|
| Nasdaq:CARG (Class A) Russell 2000 Component S&P 600 Component | |
| Industry |
|
| Founded | 2006;20years ago(2006) |
| Founder | Langley Steinert |
| Headquarters | , U.S. |
Key people | Jason Trevisan (CEO) |
| Website | cargurus.com |
CarGurus, Inc. is a Boston-based automotive research and shopping website operating in the U.S., U.K., and Canada that assists consumers and auto dealers in comparing local listings for used and new cars and contacting sellers.
History
[edit ]CarGurus was founded in 2006 by Langley Steinert, a co-founder of TripAdvisor.[1] [2] Langley Steinert was the company's CEO until January 2021, when CFO Jason Trevisan was named as the company's CEO.[3] The company began as an automotive community blog where consumers could post reviews and questions about local dealers, shops, and types of cars. Dealers expressed interest in advertising on the site, and the company changed its business strategy to connect dealers and consumers by putting inventory on the site along with "Deal Ratings" to help shoppers understand if they were getting a good deal.[4]
From 2009 to 2011, the company's visitor traffic increased from 9 million per month to 21 million per month.[5] Today, CarGurus is one of the most visited automotive shopping websites in the United States, with over 40 million monthly visitors.[6]
Business
[edit ]CarGurus is an automotive research and shopping website that assists users in comparing local listings for used and new cars and contacting dealerships. CarGurus uses algorithms to analyze and compare prices and features on cars for sale.[7] Users can search for specific cars in their local area and compare listings by price, features, and dealership reputation.[8] The company operates websites in the United States, Canada, the United Kingdom.
CarGurus was privately owned until its 150ドル million IPO on October 12, 2017;[9] [10] [11] its board of directors includes Steve Kaufer, co-founder and former CEO of TripAdvisor; Greg Schwartz, President Media and Marketplace of Zillow; Steve Conine, Co-founder of Wayfair; Lori Hickok, former EVP, Chief Financial and Development Officer for Scripps Networks Interactive; and Manik Gupta, Corporate VP, Microsoft Teams at Microsoft Corporation.[12]
In 2018, CarGurus purchased the UK website and forum PistonHeads for an undisclosed amount.[13] [14] In 2020, CarGurus purchased US auto listings site Autolist [15] and purchased a 51% stake in wholesale vehicle platform CarOffer,[16] subsequently acquiring the remaining stake in 2023.[17] At the end of 2025, CarGurus completed a wind-down of CarOffer, removing a long-standing drag on profitability.[18] [19] Full-year 2025 gross profit hit 841ドル.5 million.[20]
Recognition
[edit ]CarGurus ranked on the Inc. 500 Fastest Growing Private Companies in 2011, 2012, and 2013, and the Inc. 5000 in 2014, 2015, and 2016.[21] The company was also named to Forbes' Most Promising Companies list in 2015.[22]
Partnerships
[edit ]In 2025, CarGurus became a founding partner of Boston Common Golf—part of Fenway Sports Group and one of six inaugural teams in TGL, a league that combines virtual simulation with live-action play.[23] [24] The team features major champions Rory McIlroy, Hideki Matsuyama, Adam Scott, and Keegan Bradley.[24]
References
[edit ]- ↑ "Web Gurus Launch CarGurus.com". CNET. Retrieved 2007年01月25日.
- ↑ Varley, Laura (25 November 2025). "E-commerce CarGurus expanding its Dublin operation". Silicon Republic. Retrieved 22 April 2026.
- ↑ "CarGurus promotes finance chief Jason Trevisan to CEO". Automotive News. 2021年01月21日. Retrieved 2021年03月29日.
- ↑ "Car Gurus Earns A Great Deal Rating". MoneyShow.com. Retrieved 2025年07月14日.
- ↑ "The Right Price On Used Cars". Clark Howard Show CNN. Retrieved 2011年03月08日.[dead link ]
- ↑ "Most Visited Automotive Websites in the United States 2025". Semrush.com. Retrieved 2025年07月14日.
- ↑ "Kicking The Tires At CarGurus". The Washington Post. Archived from the original on 2013年04月13日. Retrieved 2012年07月14日.
- ↑ "Get The Best Deal On A used Car". Kiplinger Personal Finance. Retrieved 2017年10月12日.
- ↑ "CarGurus' IPO proves you don't need early venture funding to succeed on Wall Street".
- ↑ "CarGurus puts new CEO in driver's seat". Boston Business Journal. 2021年01月21日. Retrieved 2026年04月22日.
- ↑ Schleifer, Theodore (2017年10月12日). "CarGurus' IPO proves you don't need early venture funding to succeed on Wall Street". Vox. Retrieved 2026年04月22日.
- ↑ "CarGurus, Inc.: Shareholders Board Members Managers and Company Profile". MarketScreener.com. Retrieved 2025年07月14日.
- ↑ Gurdon, Martin (2018年12月04日). "CarGurus buys PistonHeads from Haymarket". Motor Trader. Retrieved 2026年04月08日.
- ↑ Overby, Joe (2018年12月04日). "CarGurus buys UK-based used-car website PistonHeads". Auto Remarketing. Retrieved 2026年04月08日.
- ↑ CarGurus acquires Car Shopping Platform Autolist, yahooo finance, retrieved 2020年01月16日
- ↑ "CarGurus Jumps Into Wholesale With Stake In CarOffer", Forbes, retrieved 2020年12月10日
- ↑ "CarGurus Finalizes Acquisition of CarOffer". AutoDealerToday. Retrieved 2025年07月14日.
- ↑ Overby, Joe (2025年08月08日). "CarGurus to wind down CarOffer before year-end". Auto Remarketing. Retrieved 2026年04月08日.
- ↑ "CarGurus to wind down CarOffer operations by end of year". www.autonews.com. Retrieved 2026年04月08日.
- ↑ Temple, William (2026年03月11日). "CarGurus Is Quietly Becoming the Auto Marketplace to Beat". 24/7 Wall St. Retrieved 2026年03月18日.
- ↑ "Inc. 5000 Fastest Growing Private Companies". Inc. Magazine. Retrieved 2017年10月12日.
- ↑ "Forbes Most Promising Companies". Forbes Magazine. Retrieved 2017年10月12日.
- ↑ Carpenter, Josh (2026年04月22日). "TGL's Boston Common racks up big wins away from competition". Sports Business Journal. Retrieved 2026年04月22日.
- 1 2 "CarGurus, Carvana take vastly different approaches to sports sponsorships". AutoRemarketing.com. Retrieved 2025年07月14日.
- 2006 establishments in Massachusetts
- Online automotive companies of the United States
- Online marketplaces of the United States
- Auto dealerships of the United States
- Companies listed on the Nasdaq
- American companies established in 2006
- Retail companies established in 2006
- Internet properties established in 2006
- 2017 initial public offerings
- Used car market
- Companies based in Boston