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CarGurus Welcomes Mike O’Hanlon as Chief Revenue Officer

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CarGurus (Nasdaq: CARG), the leading digital auto platform, has appointed Mike O'Hanlon as Chief Revenue Officer, effective September 3, 2024. O'Hanlon brings nearly 20 years of experience in driving customer growth and retention strategies for online marketplace and SaaS businesses. He will lead CarGurus' Sales and Service teams to support growth objectives and deepen relationships with dealer partners.

O'Hanlon's background includes six years at ezCater, where he expanded the installed base and scaled the salesforce. He also spent 12 years at Wayfair, guiding the company through significant growth and international expansion. His appointment comes as CarGurus experiences accelerated marketplace business and increased global dealer adoption.

CarGurus (Nasdaq: CARG), la principale piattaforma digitale per auto, ha nominato Mike O'Hanlon come Chief Revenue Officer, con effetto dal 3 settembre 2024. O'Hanlon vanta quasi 20 anni di esperienza nello sviluppo di strategie per la crescita e la fidelizzazione dei clienti nel settore dei marketplace online e delle aziende SaaS. Dirigerà i team di Vendite e Servizi di CarGurus per supportare gli obiettivi di crescita e approfondire le relazioni con i partner concessionari.

Tra le esperienze di O'Hanlon ci sono sei anni trascorsi in ezCater, dove ha ampliato la base installata e scalato la forza vendita. Ha inoltre trascorso 12 anni in Wayfair, guidando l'azienda attraverso una significativa crescita e un'espansione internazionale. La sua nomina avviene mentre CarGurus sta vivendo un'accelerazione nel business del marketplace e un aumento nell'adozione globale da parte dei concessionari.

CarGurus (Nasdaq: CARG), la principal plataforma digital de autos, ha nombrado a Mike O'Hanlon como Director de Ingresos, con efecto a partir del 3 de septiembre de 2024. O'Hanlon aporta casi 20 años de experiencia en la implementación de estrategias de crecimiento y retención de clientes para negocios de marketplace en línea y SaaS. Dirigirá los equipos de Ventas y Servicio de CarGurus para apoyar los objetivos de crecimiento y profundizar las relaciones con los socios concesionarios.

La trayectoria de O'Hanlon incluye seis años en ezCater, donde amplió la base instalada y escaló la fuerza de ventas. También pasó 12 años en Wayfair, guiando a la empresa a través de un crecimiento significativo y una expansión internacional. Su nombramiento se produce en un momento en que CarGurus está experimentando un crecimiento acelerado en su negocio de marketplace y un aumento en la adopción global por parte de los concesionarios.

CarGurus (Nasdaq: CARG)는 디지털 자동차 플랫폼의 선두주자로서 Mike O'Hanlon을 최고 수익 책임자로 임명하며, 임기는 2024년 9월 3일부터 시작됩니다. O'Hanlon은 온라인 마켓플레이스와 SaaS 비즈니스에서 고객 성장 및 유지 전략을 강화하는 데 거의 20년의 경험을 가지고 있습니다. 그는 CarGurus의 판매 및 서비스 팀을 이끌어 성장 목표를 지원하고 딜러 파트너와의 관계를 심화할 것입니다.

O'Hanlon의 배경에는 ezCater에서 6년 동안 근무한 경험이 있으며, 그곳에서 설치 기반을 확장하고 판매 인력을 강화했습니다. 그는 또한 Wayfair에서 12년을 보냈으며, 그 회사가 상당한 성장과 국제적 확장을 이뤄내는 데 기여했습니다. 그의 임명은 CarGurus가 마켓플레이스 사업의 가속화와 글로벌 딜러 수용의 증가를 경험하게 된 시점에 이루어졌습니다.

CarGurus (Nasdaq: CARG), la principale plateforme numérique automobile, a nommé Mike O'Hanlon au poste de Chief Revenue Officer, avec effet à partir du 3 septembre 2024. O'Hanlon possède près de 20 ans d'expérience dans la mise en œuvre de stratégies de croissance et de fidélisation des clients pour les entreprises de marketplace en ligne et de SaaS. Il dirigera les équipes de vente et de service de CarGurus pour soutenir les objectifs de croissance et approfondir les relations avec les partenaires concessionnaires.

Le parcours d'O'Hanlon comprend six ans chez ezCater, où il a élargi la base installée et développé la force de vente. Il a également passé 12 ans chez Wayfair, guidant la société à travers une croissance significative et une expansion internationale. Sa nomination intervient alors que CarGurus connaît une accélération de son activité de marketplace et une adoption accrue par les concessionnaires à l'échelle mondiale.

CarGurus (Nasdaq: CARG), die führende digitale Auto-Plattform, hat Mike O'Hanlon zum Chief Revenue Officer ernannt, mit Wirkung zum 3. September 2024. O'Hanlon bringt fast 20 Jahre Erfahrung in der Entwicklung von Kundenwachstums- und Bindungsstrategien für Online-Marktplätze und SaaS-Unternehmen mit. Er wird die Verkaufs- und Serviceteams von CarGurus leiten, um Wachstumsziele zu unterstützen und die Beziehungen zu Händlerpartnern zu vertiefen.

O'Hanlons Hintergrund umfasst sechs Jahre bei ezCater, wo er die installierte Basis erweiterte und die Vertriebsorganisation skalierte. Außerdem verbrachte er 12 Jahre bei Wayfair, wo er das Unternehmen durch signifikantes Wachstum und internationale Expansion führte. Seine Ernennung erfolgt zu einem Zeitpunkt, an dem CarGurus ein beschleunigtes Marktplatzgeschäft und eine gesteigerte globale Händlerakzeptanz erlebt.

Positive
  • Appointment of experienced Chief Revenue Officer with 20 years of leadership in e-commerce and SaaS
  • Accelerated marketplace business and increased global dealer adoption
  • Development of unique data-driven features for dealer partners
Negative
  • None.

Growth leader brings nearly 20 years of experience driving customer sales, service, and partnership strategy for online marketplace businesses

CAMBRIDGE, Mass., Sept. 03, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Mike O’Hanlon as Chief Revenue Officer (CRO), effective September 3, 2024. With deep experience driving customer growth and retention strategies for online marketplace and software as a service (SaaS) businesses, O’Hanlon will lead CarGurus’ Sales and Service teams to support growth objectives and priorities to nurture deeper relationships with dealer partners.

“Mike joins CarGurus during an exciting time where our marketplace business has accelerated, global dealer adoption has grown, and we are developing unique data-driven features that provide even more value to our dealer partners,” said Sam Zales, CarGurus President and Chief Operating Officer. “We believe Mike’s experience scaling businesses with a customer-first approach will enable us to continue this momentum, driving our mission forward as the leading platform for dealers and consumers through all stages of the automotive journey.”

O’Hanlon joins CarGurus with nearly 20 years of senior leadership experience guiding e-commerce and SaaS businesses through rapid growth. Prior to CarGurus he spent six years at ezCater, an online marketplace connecting workplaces with local restaurants and caterers. In his most recent role as Chief Partnership Officer he led relationship development with restaurant partners, expanding the installed base, scaling a high-performing salesforce, and driving adoption of value-add software solutions. Before this he led supplier relationships, international business expansion, and strategic partnerships at Wayfair, a leading online furniture and homegoods marketplace. During his 12 years with Wayfair he guided the company through significant growth, increasing its supplier base and leading expansion into new categories; launching and managing the company’s European business; and establishing and growing its media solutions business.

Earlier in his career, O’Hanlon was in investment banking for 11 years, and he spent six years as a submarine officer in the U.S. Navy. He earned an M.B.A. from Rensselaer Polytechnic Institute and a Bachelor of Science degree in Nuclear Engineering from the University of Virginia.

“I am energized by the opportunity to join CarGurus during this notable time in the company’s growth as the team builds on its vision of developing a transaction-enabled platform that provides greater transparency and efficiency for both dealers and consumers," added O’Hanlon. “From the company’s values-driven culture to its commitment to its customers, I find CarGurus’ mission truly inspiring and I look forward to helping drive these goals forward.”

About CarGurus, Inc.

CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S. 1

CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

1 Similarweb: Traffic Insights, Q2 2024, U.S.

Cautionary Language Concerning Forward-Looking Statements

This press release includes forward-looking statements. Other than statements of historical facts, all statements contained in this press release, including statements relating to our business activities, our strategy and plans, the potential of our business performance, and the expected benefits from O’Hanlon’s appointment as Chief Revenue Officer, are forward-looking statements. The words “aim,” “anticipate,” “believe,” “could,” “expect,” “goal,” “intend,” “may,” “might,” “plan,” “potential,” “should,” “will,” “would,” and similar expressions and their negatives are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. You should not rely upon forward-looking statements as predictions of future events.

These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including risks related to our growth and our ability to grow our revenue; our relationships with dealers; competition in the markets in which we operate; market growth; our ability to innovate; our ability to realize benefits from our acquisitions and successfully implement the integration strategies in connection therewith; impairment of the carrying value of our goodwill, intangible assets, or right-of-use assets; increased inflation and interest rates, global supply chain challenges, and other macroeconomic issues; the material weakness identified in our internal controls over financial reporting; changes in our key personnel; natural disasters, epidemics, or pandemics; and our ability to operate in compliance with applicable laws, as well as other risks and uncertainties as may be detailed from time to time in our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and other reports we file with the U.S. Securities and Exchange Commission. Moreover, we operate in very competitive and rapidly changing environments. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, we cannot guarantee that future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. We are under no duty to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

Media Contact:
Maggie Meluzio
Director, Public Relations & External Communications
pr@cargurus.com

Investor Contact:
Kirndeep Singh
Vice President, Investor Relations
investors@cargurus.com


FAQ

Who is the new Chief Revenue Officer of CarGurus (CARG)?

Mike O'Hanlon has been appointed as the new Chief Revenue Officer of CarGurus (CARG), effective September 3, 2024.

What is Mike O'Hanlon's background before joining CarGurus (CARG)?

Before joining CarGurus, Mike O'Hanlon spent six years at ezCater and 12 years at Wayfair, where he led customer growth, retention strategies, and international expansion for online marketplace and SaaS businesses.

What will be Mike O'Hanlon's main responsibilities at CarGurus (CARG)?

As Chief Revenue Officer, Mike O'Hanlon will lead CarGurus' Sales and Service teams to support growth objectives and nurture deeper relationships with dealer partners.

How is CarGurus (CARG) performing in the market according to the press release?

According to the press release, CarGurus' marketplace business has accelerated, global dealer adoption has grown, and the company is developing unique data-driven features for dealer partners.

CarGurus, Inc.

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