Cargurus Stock Price, News & Analysis

CarGurus (Nasdaq: CARG), the leading digital auto platform, has announced its 11th annual Top Dealer Awards, recognizing exceptional dealerships across North America and the U.K. The awards focus on three key categories: Top Rated Dealer for customer satisfaction (minimum 4.5/5 rating), Top Value Dealer for competitive pricing (top 100 dealers per region), and Top Digital Dealer for digital retail excellence (top 100 U.S. dealers).

Winners are selected based on verified customer reviews and vehicle listings data analysis, with award recipients receiving promotional tools for both in-store and online use. The program particularly highlights dealerships that excel in customer service, value proposition, and digital retail innovation.

CarGurus (Nasdaq: CARG), the leading digital auto platform for vehicle transactions, has scheduled its Q2 2025 earnings release for August 7, 2025, after market close.

The company will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day. Investors can access the call via phone or watch the live webcast on the company's investor relations website. A replay will be available until August 21, 2025.

CarGurus (Nasdaq: CARG), the leading platform for car shopping, buying, and selling, has launched "The Big Deal Show," a new content series celebrating significant life moments associated with car ownership. The campaign features celebrity conversations and includes a summer-long car giveaway promotion.

The three-part series kicks off with skateboarding icon Tony Hawk and professional snowboarder Zeb Powell, sharing their memorable car-related experiences and career milestones. The company will give away three new Nissans, each valued at approximately $50,000, along with funds for related expenses through monthly sweepstakes on their website.

Directed by Paul Scheer, the series is an extension of CarGurus' national "Big Deal" brand campaign, emphasizing the company's position as the most visited car-shopping site with the largest selection of new and used vehicles in the U.S.

CarGurus' 2025 Mid-Year Auto Market Review reveals significant shifts in the automotive market driven by tariffs and consumer demand for affordable, fuel-efficient vehicles. New vehicle sales surged 48% year-over-year following March's tariff announcement, though affordable inventory under $30,000 has declined 15% since then. Despite post-tariff inventory comprising 60% of listings, average new car prices remain stable at $49,600. The report highlights that 7% of new car listings are 2024 or older models, presenting potential deals. Used car inventory has reached multi-year highs, though 3-4 year old vehicles remain scarce. Hybrid vehicles have shown strong performance with prices dropping $1,400 year-over-year and sales increasing 43% compared to 2024, reflecting growing consumer preference for practical and affordable options.

CarGurus (CARG) has launched an AI-powered search experience on its platform, enhancing car shopping with conversational search capabilities. The new feature combines expert auto intelligence with real-time vehicle data, allowing buyers to use natural language to find, research, and compare vehicles. Early pilot results show increased user engagement, with AI search users spending more time on the platform. The system responds to conversational prompts about specific needs like family requirements, driver comfort, and safety features. This development builds on CarGurus' existing AI implementations, which include their vehicle recommendation engine, Instant Market Value tool, and on-site merchandising. The platform also provides dealers with AI-driven insights for pricing, merchandising, and inventory decisions.

CarGurus (NASDAQ: CARG), the leading digital auto platform for vehicle transactions, has announced that CEO Jason Trevisan will participate in a fireside chat at William Blair's 45th Annual Growth Stock Conference. The presentation is scheduled for June 3, 2025, at 10:20 AM ET. Investors and interested parties can access the webcast through CarGurus' Investor Relations website, where it will remain available for 30 days after the event.

CarGurus (NASDAQ: CARG) reported strong Q1 2025 financial results with Marketplace revenue growing 13% year-over-year to $212.2 million. The company achieved Net Income of $39.0 million, up 83% YoY, and Non-GAAP Adjusted EBITDA of $66.3 million, increasing 32% YoY. Total revenue reached $225.2 million, up 4% YoY, with an impressive gross profit margin of 89%. CarGurus demonstrated strong dealer metrics with total paying dealers increasing 4% to 32,372, while consolidated QARSD grew 9% to $6,173. The company actively returned value to shareholders by repurchasing $184.2 million worth of shares, representing 6% of outstanding capital. For Q2 2025, CarGurus projects total revenue between $222.0-242.0 million and Non-GAAP Adjusted EBITDA of $71.5-79.5 million.

CarGurus (NASDAQ: CARG), the leading digital auto platform for vehicle transactions, announced that CEO Jason Trevisan will participate in a fireside chat at the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference. The presentation is scheduled for Tuesday, May 13, 2025, at 5:10 PM ET. Investors can access the webcast through CarGurus' Investor Relations website, and the recording will remain available for 30 days after the event.

The company maintains its position as the most visited digital auto platform for new and used vehicle transactions, including shopping, buying, and selling services.

CarGurus (CARG), the leading digital auto platform for vehicle transactions, has scheduled its Q1 2025 earnings release for May 8, 2025, after market close. The company will host a conference call and webcast for investors and analysts at 5:00 p.m. Eastern Time on the same day.

Interested parties can access the conference call via phone at (877) 451-6152 (U.S./Canada) or (201) 389-0879 (international). The webcast will be available on the Investors section of CarGurus' website. An audio replay will be accessible from 8:00 p.m. ET on May 8 until May 22, 2025, using passcode 13752230.