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CarGurus
Car shopping and research website based in Cambridge, Massachusetts From Wikipedia, the free encyclopedia
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CarGurus, Inc. is an automotive research and shopping website operating in the U.S., U.K. and Canada that assists consumers and auto dealers in comparing local listings for used and new cars, and contacting sellers.
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History
CarGurus was founded in 2006 by Langley Steinert, a co-founder of TripAdvisor.[1] Langley Steinert was the company's CEO until January 2021, when CFO Jason Trevisan was named as the company's CEO.[2] 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 along with "Deal Ratings" to help shoppers understand if they were getting a good deal.[3]
From 2009 to 2011, the company's visitor traffic increased from 9 million per month to 21 million per month.[4] Today, CarGurus is one of the most visited automotive shopping websites in the United States, with over 40 million monthly visitors.[5]
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Business
CarGurus is an automotive research and shopping website that assists users in comparing local listings for used and new cars and contacting dealerships. CarGurus uses algorithms to analyze and compare prices and features on cars for sale.[6] Users can search for specific cars in their local area and compare listings by price, features, and dealership reputation.[7] The company operates websites in the United States, Canada, the United Kingdom.
CarGurus was privately owned until its $150 million IPO on 12 October 2017;[8] its board of directors includes Steve Kaufer, co-founder and former CEO of TripAdvisor; Greg Schwartz, President Media and Marketplace of Zillow; Steve Conine, Co-founder of Wayfair; Lori Hickok, former EVP, Chief Financial and Development Officer for Scripps Networks Interactive; and Manik Gupta, Corporate VP, Microsoft Teams at Microsoft Corporation.[9]
In 2018, CarGurus purchased the UK website and forum PistonHeads for an undisclosed amount. [10] In 2020, CarGurus purchased US auto listings site Autolist [11] and purchased a 51% stake in wholesale vehicle platform CarOffer,[12] subsequently acquiring the remaining stake in 2023.[13]
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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.[14] The company was also named to Forbes' Most Promising Companies list in 2015.[15]
Partnerships
In 2025, CarGurus became a founding partner of Boston Common Golf—part of Fenway Sports Group and one of six inaugural teams in TGL, a league that combines virtual simulation with live-action play. The team features major champions Rory McIlroy, Hideki Matsuyama, Adam Scott, and Keegan Bradley.[16]
References
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