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.
CarGurus Inc (Nasdaq: CARG) operates a leading online automotive marketplace connecting buyers with dealers through data-driven insights. This page aggregates official company announcements, financial updates, and market developments.
Access real-time updates including quarterly earnings reports, strategic partnerships, product innovations, and leadership changes. Investors will find filings, operational milestones, and industry analyses while dealers and consumers can track platform enhancements.
All press releases are sourced directly from CarGurus' corporate communications. Content spans earnings disclosures, technology initiatives, expansion updates, and corporate responsibility efforts. Bookmark this page for verified information supporting informed decisions about CARG's market position.
CarGurus, Inc. (Nasdaq: CARG), the leading digital auto platform for vehicle shopping, will release its financial results for the first quarter ending March 31, 2023, on May 9, 2023. The announcement will be made after market close, followed by a conference call at 5:00 PM ET to discuss the results with investors and analysts. Interested parties can join the conference call via specific dial-in numbers or access a live webcast through the company's investor relations website. Audio replays will be available following the call. CarGurus continues to enhance its marketplace with digital retail solutions and its CarOffer online wholesale platform, aiming to provide a transparent and competitive pricing experience for both consumers and dealerships.
CarGurus (Nasdaq: CARG) has announced its ninth annual Top-Rated Dealer Awards recognizing dealerships in the U.S., Canada, and U.K. that provide exceptional service. Dealerships are awarded based on verified shopper ratings, achieving a minimum average rating of 4.5 out of 5 with sufficient reviews. Notably, 224 dealers received Gold Award status for consistent performance over five years. The Digital Deal tool, launched less than a year ago, is now utilized by over 10% of Top-Rated Dealers and significantly enhances customer satisfaction and lead generation. CarGurus also released a new e-book to assist dealerships in managing their online reputation.
CarGurus (Nasdaq: CARG) reports a rise in the average used vehicle price for February 2023, marking the first increase in eight months, up 1% to over $29,500. This change is attributed to decreasing used inventory, rising wholesale prices, and increased consumer demand for affordable vehicles. Meanwhile, new vehicle inventory continues to grow, with a 3.4% month-over-month increase and nearly 99% year-over-year growth. Average new vehicle prices rose by 0.3% from January and 8.7% year-over-year. Prices for used electric vehicles have declined by up to 32%, although interest in EVs remains strong.
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