Building the World’s Most Trusted & Transparent Automotive Marketplace
CarGurus (Nasdaq: CARG) was founded in 2006 in Cambridge, Massachusetts by Langley Steinert, co-founder of TripAdvisor, who saw an opportunity to create a better car-shopping experience using technology and data analytics. In just over a decade, CarGurus has become the most visited automotive shopping site in the US1, with more car listings than any other major online automotive marketplace in the US.2 CarGurus also operates sites in Canada and the UK. CarGurus began trading on the Nasdaq Global Select Market in October 2017.
In the June 2023 Market Snapshot, Kevin Roberts, Director of Industry Analytics at CarGurus, provides a comprehensive mid-year review and recap of the inventory and pricing trends observed in the last month. Despite initial recession fears, the US economy has significantly outperformed expectations, displaying a strong labor market and a noteworthy decline in inflation numbers […]
In the April 2023 Market Snapshot, Kevin Roberts, Director of Industry Analytics at CarGurus, discusses the latest trends in the used vehicle market. He highlights the improvement in used vehicle availability in April, with a 3.2% increase month over month, but notes that inventory is still down 12.5% compared to last year. The tight […]
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