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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 Finalizes Acquisition of CarOffer
Rhea-AI Summary
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%
Tags
acquisition
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News
CarGurus to Present at Upcoming Conferences
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%
Tags
conferences
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News
CarGurus Agrees to Fully Acquire CarOffer
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
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
Tags
acquisition
News
CarGurus Announces Third Quarter 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
Tags
earnings
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News
CarGurus Appoints Elisa Palazzo as Chief Financial Officer
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
management
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News
CarGurus Welcomes Automotive Industry Veteran Zach Hallowell as Head of Industry Transformation
Rhea-AI Summary
CarGurus announces the appointment of Zach Hallowell as Head of Industry Transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
none
News
CarGurus To Report Third Quarter 2023 Financial Results
Rhea-AI Summary
CarGurus to report Q3 financial results and host conference call on November 7th, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
conferences earnings
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News
CarGurus Announces Second Quarter 2023 Results
Rhea-AI Summary
CarGurus announces Q2 2023 financial results, exceeding adjusted EBITDA guidance with $45.2 million. Total revenue decreased by 53% YoY. Marketplace revenue increased by 4% YoY. Digital Wholesale revenue decreased by 80% YoY. GAAP net income was $13.8 million, a decrease of 23% YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.08%
Tags
earnings
-
News
CarGurus To Report Second Quarter 2023 Financial Results
Rhea-AI Summary
CarGurus to report Q2 2023 financial results on August 9th, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
Tags
conferences earnings
News
CarGurus Delays Earnings Release and Conference Call
Rhea-AI Summary
CarGurus, Inc. (Nasdaq: CARG) Delays Q2 2023 Earnings Release and Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.82%
Tags
earnings
Stock CARG logo
CarGurus Inc

Nasdaq:CARG

CARG Rankings

#1745 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