CARG News and Press, CarGurus Inc. From 03/18/20

CarGurus (NASDAQ: CARG ) has announced a 50% rate reduction on marketplace subscription billings in April, for all paying customers. More news on: CarGurus, Inc., Tech stocks news, Read more ...

CAMBRIDGE, Mass., March 18, 2020 (GLOBE NEWSWIRE) -- Today CarGurus issued the following letter to shareholders. Dear Shareholder, As we evaluate the impact of COVID-19 on consumers, dealers, and our own employees, we are proactively taking steps to provide our key stakeholders with our...

Investment Thesis CarGurus ( CARG ) is rapidly decelerating its growth rate and has a very poor profit profitability profile. Compounding its troubles, it's one of the most expensive car-listing companies around. With no realistic upside potential, shareholders would do well to reconsider ...

Introduction CarGurus, Inc. (NASDAQ: CARG ) announced their fourth quarter results on February 13, 2020. During the conference call, management provided a FY2020 revenue guidance to be between $664 - $676 million. The lowered guidance is due to the company’s decision to reduce ad lo...

CAMBRIDGE, Mass., Feb. 24, 2020 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, today announced that Jason Trevisan, Chief Financial Officer, is scheduled to present at the JMP Securities 2020 Technology Conference at 1:30 PM PT (4:30 PM ET) on Fe...

It didn't take very long for CarGurus ( CARG ), the leading U.S. used-car shopping site, to go from one of the hottest stocks in the internet sector to one stuck in the penalty box. Though it just closed out a strong 2019 in which exiting revenues grew at 25% y/y, investors' attention turned t...

CAMBRIDGE, Mass., Feb. 18, 2020 (GLOBE NEWSWIRE) -- CarGurus, (Nasdaq: CARG) a leading automotive marketplace, today announced it received “Top Rated” Awards for both New Car and Used Car Advertising in the tenth annual DrivingSales Dealer Satisfaction Awards. CarGurus re...

CAMBRIDGE, Mass., Feb. 14, 2020 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Thursday, February 13, 2020 by CarGurus, Inc. (Nasdaq: CARG), due to a newswire service error, please note that the third bullet under  Revenue ,  ...

The following slide deck was published by CarGurus, Inc. in conjunction with their 2019 Q4 earnings Read more ...

Shares of CarGurus (NASDAQ: CARG) , a global online automotive marketplace, are plunging more than 24% lower Friday morning despite the company beating analysts' top- and bottom-line estimates during the fourth quarter. Starting from the top, revenue increased 25% to $158.2 million compared ...