Welcome to our dedicated page for CarGurus news (Ticker: $CARG), a resource for investors and traders seeking the latest updates and insights on CarGurus stock.
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CarGurus, Inc. (Nasdaq: CARG) announced first quarter 2024 financial results with marketplace revenue and QARSD growth up 12% and 14% YoY respectively. Net income increased by 80%, reaching $21.3 million. The company repurchased $81.1 million worth of shares in the quarter. The CEO expressed satisfaction with the sustained revenue growth and deepened connections with consumers and dealers.