CarGurus, Inc.
Publicly traded automotive marketplace company (NASDAQ: CARG) running the most visited US car shopping site plus the CarOffer wholesale platform.
Company Type
public
Founded
2006
Headquarters
Boston, Massachusetts, United States
Stock
NASDAQ: CARG
Revenue
$232 million (Q3 2026)
Employees
Approximately 1,400
Primary Market
North America Europe
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About CarGurus, Inc.
What does CarGurus do?
CarGurus operates the most visited US car shopping marketplace, where consumers compare listings rated by deal quality, plus the CarOffer dealer wholesale marketplace. Dealers pay for subscriptions and transactions.
Is CarGurus publicly traded?
Yes. CarGurus, Inc. trades on NASDAQ under the ticker CARG, public since its October 2017 IPO.
Who founded CarGurus?
Langley Steinert, a co-founder of TripAdvisor, founded CarGurus in Boston in 2006. He stepped down as CEO in 2021; Jason Trevisan now leads the company.
Where is CarGurus headquartered?
CarGurus is headquartered at 1001 Boylston Street in Boston, Massachusetts, operating in the US, Canada, and UK.
How much revenue does CarGurus make?
Q3 2026 revenue was $232 million, up 2% year over year, with marketplace revenue up 13%. Net income was $42.9 million for the quarter.
What is CarOffer?
CarOffer is CarGurus's dealer-to-dealer wholesale marketplace, acquired in 2021, letting dealers buy and sell inventory digitally.
History of CarGurus, Inc.
Langley Steinert, a TripAdvisor co-founder, started CarGurus in Boston in 2006 to bring data-driven price transparency to car buying. The deal-rating system that graded every listing against market data became the brand's signature.
Organic traffic grew into category leadership, making CarGurus the most visited car shopping site in the US. The October 2017 NASDAQ IPO at $16 per share established it as an independent public company.
The 2021 CarOffer acquisition for a reported $225 million added wholesale: a dealer-to-dealer marketplace that moved the company beyond lead generation into transactions. PistonHeads gave it a UK enthusiast community.
Steinert handed the CEO role to CFO Jason Trevisan in 2021. The post-pandemic auto correction squeezed used-car volumes through 2024 and 2025, but the subscription model held, and 2026 results showed marketplace revenue growing 13% year over year in Q3 as dealer tools and wholesale gained.
The company has invested heavily in AI: shopping assistants for consumers, intelligence products for dealers, and adaptation of its data assets to a discovery landscape shifting toward LLM search.
Awards & Recognition
CarGurus consistently ranks first in US auto marketplace traffic and wins dealer-rated awards for lead quality and digital retail tools. Its pricing research is a standard industry citation.
Controversy, Regulation & Public Scrutiny
CarGurus has no material regulatory record. The auto retail sector it serves faces active regulatory attention on dealer fees and lending practices, which touches the marketplace indirectly through dealer product requirements.
Brands Owned by CarGurus, Inc.
CarGurus, Inc. owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
CarGurus, Inc.
public · Founded 2006 · Boston, Massachusetts, United States
1
brands
Stock Information
CarGurus, Inc. Ownership: Pros & Cons
Advantages
- +Traffic leadership creates durable dealer demand
- +Subscription-heavy model stays profitable through cycles
- +Public-company capital access funds AI investment
- +Wholesale diversification reduces single-channel dependence
Considerations
- -Dealer budget cycles still drive results
- -AI search threatens the traffic-funnel economics
- -Concentration in auto retail leaves it exposed to sector shocks
- -Wholesale margins are thinner and volume-dependent
Frequently Asked Questions About CarGurus, Inc.
What does CarGurus do?
CarGurus operates the most visited US car shopping marketplace, where consumers compare listings rated by deal quality, plus the CarOffer dealer wholesale marketplace. Dealers pay for subscriptions and transactions.
Is CarGurus publicly traded?
Yes. CarGurus, Inc. trades on NASDAQ under the ticker CARG, public since its October 2017 IPO.
Who founded CarGurus?
Langley Steinert, a co-founder of TripAdvisor, founded CarGurus in Boston in 2006. He stepped down as CEO in 2021; Jason Trevisan now leads the company.
Where is CarGurus headquartered?
CarGurus is headquartered at 1001 Boylston Street in Boston, Massachusetts, operating in the US, Canada, and UK.
How much revenue does CarGurus make?
Q3 2026 revenue was $232 million, up 2% year over year, with marketplace revenue up 13%. Net income was $42.9 million for the quarter.
What is CarOffer?
CarOffer is CarGurus's dealer-to-dealer wholesale marketplace, acquired in 2021, letting dealers buy and sell inventory digitally.
Sources & Further Reading
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