Who we are

At CarGurus (NASDAQ: CARG), our mission is to give people the power to reach their destination. We started as a small team of developers determined to bring trust and transparency to car shopping. Since then, our history of innovation and go-to-market acceleration has driven industry-leading growth. In fact, we’re the largest and fastest-growing automotive marketplace, and we’ve been profitable for over 15 years.

What we do

The market is evolving, and we are too, moving the entire automotive journey online and guiding our customers through every step. That includes everything from the sale of an old car to the financing, purchase, and delivery of a new one. Today, tens of millions of consumers visit CarGurus.com each month, and ~30,000 dealerships use our products. But they’re not the only ones who love CarGurus—our employees do, too. We have a people-first culture that fosters kindness, collaboration, and innovation, and empowers our Gurus with tools to fuel their career growth. Disrupting a trillion-dollar industry requires fresh and diverse perspectives. Come join us for the ride!

Role overview

CarGurus is looking for a Corporate Development Director to join our team to participate in the full cycle of M&A deals, including sourcing, diligence, negotiation, and execution.
We are looking for a highly motivated self-starter to help manage sourcing through our deal pipeline, conduct rigorous due diligence efforts, assist with transaction execution, and coordinate post-merger integration efforts. With excellent financial and analytical skills and a down-to Earth business sense, this person will partner closely with leaders across our organization.
This person will have the unique opportunity to help execute CarGurus’ strategic acquisition roadmap, and will be a key member of the Corporate Strategy team. The role will be highly cross-functional and a successful candidate will possess analytical horsepower as well as strong communication and organizational abilities.

What you’ll do

Perform market research, build industry landscapes, and identify and engage with target opportunities
Partner with leadership across the organization to identify and create M&A strategy that accelerates our corporate strategy and vision
Build and refine financial models for company valuation purposes, and analyze and interpret financial statements
Own strategic relationships—launch, manage, optimize and scale existing and new relationships with potential acquisition targets and contact persons
Work with executives and colleagues, target company management teams and external advisors on a regular basis
Research and understand new business trends and leverage expert interviews to build insights / recommendations on new business opportunities
Maintain deal pipeline, track market M&A activity, draft internal updates, and create deal review presentations for VP of Corporate Strategy and select members of the Executive Team
Actively spend time in market, building relationships with and engaging potential targets, industry peers, existing partners/vendors and customers to inform our corporate development point of view
Develop and own the achievement of corporate development goals

What you’ll bring

8-10+ years of professional experience—investment banking, VC/PE, corporate M&A or management consulting (M&A focus) experience preferred
Proven track record of executing value-driven acquisitions, deal ideation through due diligence
Strategic / analytical mindset with an ability to think broadly, refine questions, and develop analytical frameworks
Strong grounding in financial analysis, capital allocation, and valuation methodologies
Capable of effectively tracking and reporting on deal pipeline
Experience evaluating build / buy / partner approach to strategic opportunities
Ability to problem solve and create structure in complex and sometimes ambiguous environments
Demonstrated success working closely with senior executive leadership, and experience influencing across the organization
Self-motivated, well-organized and detail-oriented
Business mindset with experience driving metrics-oriented outcomes
Innovative mindset, able to identify unconventional opportunities for growth
Excellent analytical skill set—able to translate quantitative and qualitative inputs into actionable strategic direction
Possess project management ability to complete deal components, such as managing a cross-functional due-diligence team, under deadline constraints
Experience and deep understanding of SaaS business models; understanding of the automotive tech landscape preferred

Working at CarGurus

We reward our Gurus’ curiosity and passion with best-in-class benefits and compensation, including equity for all employees, both when they start and as they continue to grow with us. Our career development and corporate giving programs, as well as our employee resource groups (ERGs) and communities, help people build connections while making an impact in personally meaningful ways. A flexible hybrid model and robust time off policies encourage work-life balance and individual well-being. Thoughtful perks like daily free lunch, a new car discount, meditation and fitness apps, commuting cost coverage, and more help our people create space for what matters most in their personal and professional lives.

We welcome all

CarGurus strives to be a place to which people can bring the ultimate expression of themselves and their potential—starting with our hiring process. We do not discriminate based on race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, or sexual orientation. We foster an inclusive environment that values people for their skills, experiences, and unique perspectives. That’s why we hope you’ll apply even if you don’t check every box listed in the job description. We also encourage you to tell your recruiter if you require accommodations to participate in our hiring process due to a disability so we can provide the appropriate support. We want to know what only you can bring to CarGurus. #LI-Hybrid

Head of Corporate Development

CarGurus

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