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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CarGurus's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CarGurus's position in the market.
Rhea-AI Summary
CarGurus, Inc. (Nasdaq: CARG) announces CEO's participation in 26th Annual Needham Growth Conference. The webcast of the fireside chat will be accessible from the Investor Relations page of the company’s website at the indicated time, and an archive of the presentation will be available for 30 days following the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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Rhea-AI Summary
CarGurus (Nasdaq: CARG) released its new brand campaign, “Your Car, Your Way,” highlighting digital tools enabling consumers to buy and sell vehicles online, in-person, or a mix of both. The campaign emphasizes the experience of drivers who can buy or sell a vehicle their way, whether shopping online, receiving competitive offers, or financing seamlessly through CarGurus. The integrated campaign includes national TV, digital spots, and social executions, showcasing the company's omni-channel retail tools and transparent listing information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
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Rhea-AI Summary
CarGurus (Nasdaq: CARG) appoints Ismail Elshareef as Chief Product Officer (CPO) effective February 1, 2024. Elshareef brings over 20 years of experience in building engaging consumer transaction products and value-added solutions. He will lead CarGurus’ product strategy and roadmap, focusing on driving value to consumers, dealers, and the overall business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.38%
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CarGurus (Nasdaq: CARG) has completed the acquisition of CarOffer, purchasing the remaining minority equity interests for $75 million. Zach Hallowell, a seasoned digital wholesale market leader, has assumed the role of CEO for CarOffer. The acquisition aims to capture growing product and data opportunities, along with other synergies between the two platforms to build innovative solutions that power CarGurus’ development of a transaction-enabled platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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Rhea-AI Summary
CarGurus, Inc. (Nasdaq: CARG) announces CEO's participation in fireside chats at RBC Capital Markets Global Technology, Internet, Media & Telecommunications Conference on Nov 14 and UBS Global Technology Conference on Nov 28. Webcasts accessible from the Investor Relations page of the company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
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Rhea-AI Summary
CarGurus (Nasdaq: CARG) to Acquire Remaining Stake in CarOffer for $75 Million in All-Cash Transaction, Accelerating Plans for Transaction-Enabled Platform
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Rhea-AI Sentiment
End-of-Day
4.36%
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CarGurus (Nasdaq: CARG) announces 8% YoY growth in marketplace revenue, GAAP consolidated net income of $19.0 million, and a $250.0 million share repurchase program. The UK business achieved profitability, and CarGurus acquired the remaining minority equity interests in CarOffer, LLC.
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Rhea-AI Sentiment
End-of-Day
4.36%
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Rhea-AI Summary
CarGurus, the No. 1 visited digital auto platform, has announced the appointment of Elisa Palazzo as its Chief Financial Officer (CFO), effective December 4, 2023. Palazzo brings nearly 20 years of experience in operating, investing, and transaction roles within the technology sector. She will lead financial operations and strategy to support CarGurus' goal of building a transaction-enabled destination for vehicle transactions.
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0.41%
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News
Rhea-AI Summary
CarGurus announces the appointment of Zach Hallowell as Head of Industry Transformation.
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-0.06%
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CarGurus to report Q3 financial results and host conference call on November 7th, 2023
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-0.06%
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CarGurus, Inc.
Nasdaq:CARG
CARG Rankings
CARG Stock Data
2.52B
80.44M
2.66%
102.82%
6.82%
Internet Publishing and Broadcasting and Web Search Portals
Information
United States of America
CAMBRIDGE
About CARG
cargurus (cargurus.com) uses data and technology to help consumers find the best car deals from car dealers they can trust. founded in 2006 by langley steinert, also a co-founder of tripadvisor, we’re now the 2nd largest and fastest growing auto-shopping website in the u.s. by daily user traffic. at cargurus, we believe a transparent car shopping experience is better for shoppers and sellers alike, and we innovate constantly to deliver on that promise. today more than 15 million (and growing) unique monthly visitors use our site and our mobile app to find their next car. with headquarters in cambridge, cargurus has that "start-up feel" (we dislike meetings, play lots of foosball, have catered lunches and fun company outings—the list goes on). unlike many start-ups, however, we have the advantage of being profitable (for 5.5 years!) with sustained revenue growth. cargurus is an engineering-driven company with a passion for data, and that drives everything from the speed at which we