(CARG) CarGurus - Ratings and Ratios

CarGurus, Inc. (NASDAQ:CARG) operates a leading online automotive marketplace connecting buyers and sellers of new and used vehicles across the U.S. and international markets. The platform is divided into two core segments: U.S. Marketplace and Digital Wholesale. Through its U.S. Marketplace, the company provides a comprehensive search and listing platform for new and used vehicles from dealerships, enabling consumers to make informed purchasing decisions. Dealers benefit from exposure to a large, engaged audience, along with data-driven insights to optimize their listings and sales strategies.

The platform offers a suite of tools designed to streamline the car-buying process, including Digital Deal, which allows consumers to initiate purchases directly from vehicle detail pages (VDPs) on eligible listings. Finance in Advance enables pre-qualification for financing through partner dealerships, reducing friction in the buying process. Additionally, the Sell My Car feature provides two options: Top Dealer Offers, which connects consumers with tailored trade-in offers from dealers, and Instant Max Cash Offer, allowing consumers to sell their vehicles directly to dealers online. The company also provides dealer listings, data insights, and advertising products for auto manufacturers, including brand reinforcement, category sponsorship, and targeted consumer segment exposure.

CarGurus further expands its reach through subsidiaries like Autolist, a mobile and web-based automotive marketplace, and PistonHeads, a platform catering to automotive enthusiasts with marketplace, auction, and editorial content. Founded in 2005 and headquartered in Boston, Massachusetts, CarGurus has established itself as a key player in the digital automotive space, combining innovative tools with a user-centric approach to facilitate seamless transactions between buyers and sellers.