Full-Time
Posted on 1/13/2025
Online marketplace for buying and selling cars
No salary listed
Mid, Senior
Boston, MA, USA
Hybrid model; specific in-office days not mentioned.
CarGurus operates an online marketplace that connects buyers and sellers of new and used cars, primarily in the United States, with additional presence in Canada, the United Kingdom, and Germany. Users can search for vehicles, compare prices, and read reviews on the platform. CarGurus employs advanced algorithms to rank car listings based on price, dealer reputation, and vehicle history, which helps users find the best deals. This focus on data transparency and a user-friendly interface distinguishes CarGurus from traditional car buying methods and competitors like AutoTrader and Cars.com. The company generates revenue mainly through subscription fees charged to dealerships for listing their inventory, along with advertising services and value-added offerings such as financing options and vehicle history reports. CarGurus aims to provide a reliable and efficient platform for car transactions, enhancing the buying and selling experience for both consumers and dealerships.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Cambridge, Massachusetts
Founded
2006
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Company Equity
Hybrid Work Options
Flexible Work Hours
Paid Vacation
Meal Benefits
Commuter Benefits
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Elisa Palazzo will step down as CFO of CarGurus on March 7, 2025.
Consumer preferences are moving toward digital experiences in the online car marketplace, and Carvana and CarGurus are leveraging technology and artificial intelligence (AI) to improve the buying process. Both companies reported strong performances in 2024, using digital tools to optimize customer engagement and refine their business models, though each has faced distinct challenges along the way. Carvana’s Strategic Growth Drivers and AI Investment. Carvana recorded a 33% year-over-year increase in retail units sold (416,348) and saw its revenue rise 27%, to $13.67 billion. According to the company’s Q4 shareholder letter, Carvana has three main growth drivers: continuously improving its customer offering; increasing awareness, understanding and trust of the brand; and increasing inventory selection and other benefits of scale
CarGurus to present at 27th Annual Needham Growth Conference.
CarGurus (CARG) has released its 2024 Recap & 2025 Outlook, highlighting that affordability was the key market driver in 2024.