Trade CarGurus - CARG CFD

CarGurus Company profile

About CarGurus Inc

CarGurus, Inc. (CarGurus) is an online automotive marketplace connecting buyers and sellers of new and used cars. The Company offers an online automotive platform for buying and selling vehicles. The Company's segments include United States and International. The CarGurus marketplace enables consumers to purchase or sell a vehicle either online or in-person; and enables dealerships to accurately price, effectively market, instantly acquire and sell vehicles, all with a nationwide reach. It provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers. The Company operates two online marketplaces as independent brands: PistonHeads in the United Kingdom and Autolist in the United States. It offers paid listings subscriptions for dealers and display advertising products through the PistonHeads Website, as well as paid listings subscriptions for dealers through the Autolist Website.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, CarGurus Inc revenues increased 73% to $951.4M. Net loss totaled $154K vs. income of $77.6M. Revenues reflect United States segment increase of 75% to $909M, International segment increase of 34% to $42.3M.