CarGurus is a

Cambridge, Massachusetts Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. As part of the Boston metropolitan area, the cities population of the 2020 U.S. census was 118,403, making it the fourth most populous city in the state, behind Boston, ...

-based automotive research and shopping website that assists users in comparing local listings for used and new cars, and contacting sellers.

History

CarGurus was founded in 2006 by

Langley Steinert Langley Steinert (born 1963) is an American entrepreneur and business executive. He is most notable for being a founder of CarGurus and being a co-founder Tripadvisor along with Stephen Kaufer. Steinert has been estimated to have a Net worth ...

, 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 The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

, the

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Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

, and

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

. CarGurus was privately owned until its $150 million IPO on 12 October 2017; its board of directors includes Steve Kaufer, co-founder and

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

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 Forum or The Forum (plural forums or fora) may refer to: Common uses * Forum (legal), designated space for public expression in the United States *Forum (Roman), open public space within a Roman city **Roman Forum, most famous example *Internet ...

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 ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

' Most Promising Companies list in 2015.

Partnerships

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

Boston.com ''Boston.com'' is a regional website that offers news and information about the Boston, Massachusetts, region. It is owned and operated by Boston Globe Media Partners, the publisher of ''The Boston Globe''. History ''Boston.com'' was one of t ...

References

{{reflist, 30em 2006 establishments in Massachusetts Online automotive companies of the United States Online marketplaces of the United States Auto dealerships of the United States Companies listed on the Nasdaq American companies established in 2006 Retail companies established in 2006 Internet properties established in 2006 2017 initial public offerings Used car market Companies based in Cambridge, Massachusetts