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CarGurus Inc - CARG STOCK NEWS

Welcome to our dedicated news page for CarGurus (Ticker: CARG), a resource for investors and traders seeking the latest updates and insights on CarGurus.

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.

News
CarGurus To Report First Quarter 2024 Financial Results
Rhea-AI Summary
CarGurus, Inc. (Nasdaq: CARG) will release its first quarter 2024 financial results on May 9, 2024. The company, known as the top digital auto platform, will host a conference call and webcast to discuss the results. Investors can access the call and webcast through the company's website or by phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.06%
Tags
conferences earnings
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News
Hope on the Horizon: CarGurus Q1 2024 Report Reveals Inventory and Demand are Rebounding as Prices Improve
Rhea-AI Summary
CarGurus (CARG) reports a year-over-year rise in sales driven by pent-up shopper demand for more affordable vehicle options. The Quarterly Review for Q1 2024 highlights rebounding inventory and moderating prices, fueling sales growth for both new and used vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
earnings
-
News
CarGurus Study Reveals Shifting Consumer Preferences as Automotive Landscape Evolves and Costs Remain Elevated
Rhea-AI Summary
CarGurus (CARG) releases its sixth annual U.S. Consumer Insights Report, highlighting a shift in consumer habits towards car price, reliability, and online transactions. Key findings include increased importance of vehicle reliability and costs, openness to selling vehicles online, preference for conducting more transactions from home, and a growing consideration for Electric Vehicles (EVs). The report also reveals a decline in financing applications, a rise in Gen Z buyers, and a preference for price over brand loyalty.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
none
News
CarGurus Announces Fourth Quarter and Full-Year 2023 Results
Rhea-AI Summary
CarGurus, Inc. (CARG) reports impressive 10% YoY Marketplace Revenue growth in 4Q'23, with a net loss of $(22.6) million. Non-GAAP Consolidated Adjusted EBITDA surged by 120% YoY. The company repurchased $99.9 million worth of shares in 4Q'23 and $204.1 million in FY 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
earnings
-
News
CarGurus To Report Fourth Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
CarGurus, Inc. (Nasdaq: CARG) will release its financial results for the fourth quarter and fiscal year ended December 31st, 2023, on February 26th, 2024. The company will host a conference call and live webcast to discuss the results for investors and analysts. The webcast will be available live on the Investors section of the company’s website, and an audio replay will also be available to investors. This announcement provides an opportunity for investors to gain insights into the company's financial performance and future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
conferences earnings
-
News
CarGurus Partners with Chase to Expand Consumer Financing Options
Rhea-AI Summary
CarGurus (CARG) announced the addition of Chase to its multi-lender financing platform, expanding options for consumers looking to pre-qualify for auto financing from the comfort of home. Pre-qualified leads through CarGurus are 41% more likely to close compared to leads that aren’t pre-qualified or financed. The partnership with Chase aims to equip shoppers with the tools needed to make an informed purchase with confidence and ease, while also helping dealers deliver on their goals for a seamless and efficient customer experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.11%
Tags
partnership
News
CarGurus Unveils the Best Used Cars for 2024, Preparing Shoppers for the Ideal Time to Buy
Rhea-AI Summary
CarGurus (Nasdaq: CARG) released its 2024 Best Used Car Awards, identifying the best used cars in 11 categories. The awards aim to help consumers find cost-effective alternatives to new car purchases, with potential savings of approximately $800 during the week of February 12. The winners include the Honda Accord, Hyundai Santa Fe, Ford F-150, Audi A4, Kia Telluride, and Porsche 911.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
none
-
News
CarGurus to Present at 26th Annual Needham Growth Conference
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%
Tags
conferences
-
News
CarGurus' New Brand Campaign, "Your Car, Your Way," Captures the Elusive Experience of Having Everything Go Your Way
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%
Tags
none
News
CarGurus Adds Ismail Elshareef as Chief Product Officer
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%
Tags
none
Stock CARG logo
CarGurus Inc

Nasdaq:CARG

CARG Rankings

#1701 Ranked by Market Cap
#1015 Ranked by Stock Gains
N/A Ranked by Dividends

CARG Stock Data

2.40B
80.44M
2.66%
102.82%
6.82%
Internet Publishing and Broadcasting and Web Search Portals
Information
Link
US
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