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CarGurus

CarGurus

CarGurus is a Cambridge, Massachusetts-based company founded in 2006 by Langley Steinert.

OverviewStructured DataIssuesContributors

Contents

cargurus.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Media (communication)
Media (communication)
0
‌
Information (industry sector)
Finance
Finance
Loan
Loan
Automotive industry
Automotive industry
Comparison shopping website
Comparison shopping website
Location
Cambridge, Massachusetts
Cambridge, Massachusetts
B2X
B2C
B2C
0
B2B
B2B
CEO
‌
Jason Trevisan
0
Founder
Langley Steinert
Langley Steinert
0
AngelList URL
angel.co/cargurus
Legal Name
CarGurus, Inc.0
Number of Employees (Ranges)
1,001 – 5,000
Founded Date
2006
0
Exchange
Nasdaq
Nasdaq
0
Glassdoor ID
751348
CTO
‌
Matt Quinn
0
Former CEO
Langley Steinert
Langley Steinert
Patents Assigned (Count)
1
Legal Entity Identifier
54930027BKQN6B7X7G780
Wellfound ID
cargurus
Headquarters
Cambridge, Massachusetts
Cambridge, Massachusetts

Other attributes

Blog
blog.cargurus.com
Company Operating Status
Active
Contact Page URL
dealers.cargurus.com/drc/...ntage
Ticker Symbol
CARG0
Wikidata ID
Q17050423

CarGurus is a Cambridge, Massachusetts-based automotive research and shopping website that assists users in comparing local listings for used and new cars, and contacting sellers. CarGurus is pronounced as a single word, rhyming with 'kangaroos'.

History

CarGurus was founded in 2006 by Langley Steinert, a co-founder of TripAdvisor. Langley Steinert was the company's CEO until January, 2021 when CFO Jason Trevisan was named as the company's CEO. The company started off as an automotive community blog where consumers could post reviews and questions about local dealers, shops, and types of cars. Dealers expressed interest in advertising on the site, and the company changed its business strategy to connect dealers and consumers by putting inventory on the site.

From 2009 to 2011, the company's visitor traffic increased from 9 million per month to 21 million per month.

Business

CarGurus is an automotive research and shopping website that assists users in comparing local listings for used and new cars and contacting sellers. CarGurus uses algorithms to analyze and compare prices and features on cars for sale. Users can search for specific cars in their local area and compare listings by price, features, and dealership reputation. The company also offers a discussion platform for car enthusiasts and automotive experts, who submit questions, offer insight, gather and share information, and provide reviews. The company operates websites in the United States, Canada, the United Kingdom, Italy, Spain, and Germany.

CarGurus was privately owned until its $150 million IPO on 12 October 2017; its board of directors includes Steve Kaufer, co-founder and CEO of TripAdvisor; Greg Schwartz, President Media and Marketplace of Zillow; and Steve Conine, Co-founder of Wayfair.

In 2018, CarGurus purchased the UK website and forum PistonHeads for an undisclosed amount. In 2020, CarGurus purchased US auto listings site Autolist and purchased a 51% stake in wholesale vehicle platform CarOffer.

The company was involved in a trademark dispute with the Rich Rebuilds channel, who changed their name after legal action was threatened.

Recognition

CarGurus ranked on the Inc. 500 Fastest Growing Private Companies in 2011, 2012, and 2013, and the Inc. 5000 in 2014, 2015, and 2016. The company was also named to Forbes' Most Promising Companies list in 2015.

Partnerships

As of 2014, CarGurus provides all used and new cars searches for Boston.com.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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Author
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Date
No Further Resources data yet.

References

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