PistonHeads

CarGurus Announces $250 Million Share Repurchase Program

Retrieved on: 
Thursday, December 8, 2022
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The specific manner, timing and amounts of any purchases under the share repurchase program will be subject to the Company’s discretion and may be based on market conditions and other factors, including price.

Key Points: 
  • The specific manner, timing and amounts of any purchases under the share repurchase program will be subject to the Company’s discretion and may be based on market conditions and other factors, including price.
  • The share repurchase program has an expiration date of December 31, 2023 and prior to its expiration may be modified, suspended or discontinued by the Company’s Board of Directors at any time.
  • The share repurchase program does not obligate the Company to repurchase any minimum dollar amount or number of shares.
  • All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding our share repurchase program and our use and deployment of capital, are forward-looking statements.

CarGurus November 2022 Intelligence Report Finds Used Cars Prices Continue to Decline; New Car Prices Begin to Moderate

Retrieved on: 
Thursday, December 1, 2022
Jeep, United Kingdom, Y, Trust, Silverado, Growth, F-150, SUV, André Caroff, Tesla Model S, GMC, Pacific Northwest, PistonHeads, Ford Motor Company, Name, Algorithm, Online shopping, Nissan, CarGurus

1 visited digital auto platform for shopping, buying and selling new and used vehicles1, today released its U.S. November 2022 Intelligence Report.

Key Points: 
  • 1 visited digital auto platform for shopping, buying and selling new and used vehicles1, today released its U.S. November 2022 Intelligence Report.
  • November saw used vehicle listing prices continue to decline 1.8% from October, with prices now down 1% year-over-year.
  • New vehicle inventory levels continued to rise 7.7% month over month and up over 87% compared to last year.
  • Additional highlights from the November report include:
    Fuel efficient vehicles continue to see price declines as oil and gas prices trend lower.

CarGurus Study Finds Dogs Are More Relaxed in Electric Cars

Retrieved on: 
Wednesday, November 30, 2022
Vibration, EVS, United Kingdom, Motion sickness, Heart rate, Nausea, University, ICE, PETS, Life, Trust, Dog, EV, Veterinary medicine, Travel, Anxiety, Noise, André Caroff, PistonHeads, Behavior, Research, Name, Motion, Music, University of Lincoln, Safety, Algorithm, Fireworks, Hunting, Rail transport, Road, Trapping, CarGurus

Conducted in collaboration with the University of Lincoln in the United Kingdom, the study finds dogs are more relaxed in EVs than in diesel-powered cars.

Key Points: 
  • Conducted in collaboration with the University of Lincoln in the United Kingdom, the study finds dogs are more relaxed in EVs than in diesel-powered cars.
  • CarGurus and the University of Lincoln conducted the two-day study using 20 dogs.
  • Our results clearly show that dogs seem to be more relaxed in EVs, particularly when looking at behavioral traits such as restlessness.
  • The study finds this is likely the result of differences in noise and/or vibration in the two types of cars.

CarGurus to Present at The Raymond James 2022 Technology Investors Conference

Retrieved on: 
Monday, November 28, 2022
United, Conference, Raymond, Trust, CarGurus, André Caroff, PistonHeads, Name, Algorithm, Online shopping

CAMBRIDGE, Mass., Nov. 28, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced thatJason Trevisan, Chief Executive Officer, is scheduled to present at the Raymond James 2022 Technology Investors Conference onMonday, December 5th at 11:30 AM ET.

Key Points: 
  • CAMBRIDGE, Mass., Nov. 28, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced thatJason Trevisan, Chief Executive Officer, is scheduled to present at the Raymond James 2022 Technology Investors Conference onMonday, December 5th at 11:30 AM ET.
  • CarGurus(Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform.
  • CarGurus is a registered trademark ofCarGurus, Inc., and CarOffer is a registered trademark ofCarOffer, LLC.
  • All other product names, trademarks and registered trademarks are property of their respective owners.

CarGurus October 2022 Intelligence Report Sees Used Cars Price Decline and New Inventory Levels Improve

Retrieved on: 
Thursday, November 3, 2022
Industry, SUV, LLC, Algorithm, Chevrolet, GLOBE, PistonHeads, Commercial software, Trust, GMC, André Caroff, Ford Motor Company, Jeep, Name, No, Mazda, Southern Poverty Law Center, Silverado, United Kingdom, Ridesharing company, Online shopping, CarGurus, Nissan

1 visited digital auto platform for shopping, buying and selling new and used vehicles1, today released its October 2022 Intelligence Report.

Key Points: 
  • 1 visited digital auto platform for shopping, buying and selling new and used vehicles1, today released its October 2022 Intelligence Report.
  • Octobers report saw used vehicle prices decline 1.8% this month but remain above where they were last year.
  • The used vehicle market saw the average listing price decline to just under $31K this October compared to last month.
  • October saw a continuation of used price declines and new inventory increases, said Kevin Roberts, Director, Industry Insights and Analytics at CarGurus.

CarGurus Consumer Insights Report Navigates the Car Buying and Selling Journey in 2022

Retrieved on: 
Wednesday, October 26, 2022
Online, André Caroff, Electric vehicle, Data, PistonHeads, Financing, Insurance, Real Estate and Business Services (constituency), Income, Commercial software, Face, Algorithm, GLOBE, Name, LLC, EVS, GfK, United Kingdom, Icos, Sale, No, Trust, Online shopping, CarGurus

1 visited digital auto platform for shopping, buying and selling new and used vehicles1, today announced the release of its 2022 Consumer Insights Report.

Key Points: 
  • 1 visited digital auto platform for shopping, buying and selling new and used vehicles1, today announced the release of its 2022 Consumer Insights Report.
  • This years report shares insights of the buyer as they journey through the car buying experience in a constantly changing market.
  • New for 2022 is the insights of the seller as they prepare to sell their vehicles, why they are selling them and the decisions they face while selling.
  • The fifth annual CarGurus Consumer Insights Report looks at the trends from why people buy and sell to the decisions they face, and where they look to buy/sell.

CarGurus to Report Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, October 18, 2022
André Caroff, Trust, Webcast, Investor, CarGurus, LLC, PistonHeads, United, GLOBE, Name, Commercial software, Algorithm, Online shopping

CAMBRIDGE, Mass., Oct. 18, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release reporting financial results for the third quarter ended September 30, 2022, after the close of the market on November 8, 2022.

Key Points: 
  • CAMBRIDGE, Mass., Oct. 18, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release reporting financial results for the third quarter ended September 30, 2022, after the close of the market on November 8, 2022.
  • CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on November 8, 2022.
  • To access the conference call, dial (877) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers.
  • The webcast will be available live on the Investors section of the companys website at https://investors.cargurus.com .

CarGurus Selects AWS as Its Strategic Cloud Infrastructure Provider

Retrieved on: 
Monday, October 3, 2022
Algorithm, Trust, Pandemic, United, Technology, General manager, Compliance, Engineering, Database, Amazon, COVID-19, AWS, PistonHeads, Commercial software, Growth, André Caroff, LLC, U.S. Securities and Exchange Commission, Name, Lists of disasters, Security (finance), Epidemic, GLOBE, Online shopping, CarGurus

CAMBRIDGE, Mass., Oct. 03, 2022 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced its selection of Amazon Web Services, Inc. (AWS) as its global cloud infrastructure provider.

Key Points: 
  • CAMBRIDGE, Mass., Oct. 03, 2022 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced its selection of Amazon Web Services, Inc. (AWS) as its global cloud infrastructure provider.
  • By leveraging AWSs proven global infrastructure, CarGurus is investing in a better and more innovative consumer experience.
  • As CarGurus becomes the online destination for buying or selling a car, their decision to use AWS as their global cloud infrastructure partner will enable additional flexibility and continuous innovation, said Wendy Bauer, General Manager, Automotive at AWS.
  • We look forward to continuing to work with CarGurus as they harness the power of AWS and create a better online car-shopping experience.

CarGurus to Present at Truist Securities Internet Growth Summit

Retrieved on: 
Tuesday, September 6, 2022
Trust, United, PistonHeads, CarGurus, Commercial software, GLOBE, Algorithm, LLC, Name, André Caroff, Online shopping

CAMBRIDGE, Mass., Sept. 06, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced thatJason Trevisan, Chief Executive Officer, is scheduled to virtually present at the Truist Securities Internet Growth Summit onMonday, September 12th at 2:00 PM ET.

Key Points: 
  • CAMBRIDGE, Mass., Sept. 06, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced thatJason Trevisan, Chief Executive Officer, is scheduled to virtually present at the Truist Securities Internet Growth Summit onMonday, September 12th at 2:00 PM ET.
  • CarGurus(Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform.
  • CarGurus is a registered trademark ofCarGurus, Inc., and CarOffer is a registered trademark ofCarOffer, LLC.
  • All other product names, trademarks and registered trademarks are property of their respective owners.

CarGurus™ Instant Max Cash Offer Expands to Four New States and 93% of U.S. Population

Retrieved on: 
Thursday, August 18, 2022
Epidemic, U.S. Securities and Exchange Commission, Documentation, United, Lists of disasters, Name, GLOBE, Algorithm, Population, Growth, Checklist, LLC, Security (finance), Compliance, COVID-19, André Caroff, Trust, Pandemic, PistonHeads, Time, Commercial software, Mobile phone, Online shopping, CarGurus

CarGurus Instant Max Cash Offer is the first and only platform of its kind to combine CarGurus audience of 29.5 million monthly unique visitors in the U.S. with the power of CarOffers wholesale bidding system for automotive, the Buying Matrix.

Key Points: 
  • CarGurus Instant Max Cash Offer is the first and only platform of its kind to combine CarGurus audience of 29.5 million monthly unique visitors in the U.S. with the power of CarOffers wholesale bidding system for automotive, the Buying Matrix.
  • CarGurus Instant Max Cash Offer allows consumers to sell their car through CarGurus website by submitting the vehicle details online and instantly receiving the top bid from thousands of dealers across the country.
  • I never imagined selling a car could be this simple, said Evelyn, a consumer who recently sold her vehicle using CarGurus Instant Max Cash Offer.
  • For the latest information on and availability of CarGurus InstantMax Cash Offer, please visit CarGurus.com .