Full-Time
Confirmed live in the last 24 hours
Online marketplace for buying and selling cars
Junior, Mid
Montreal, QC, Canada
Hybrid model with in-person quarterly business reviews.
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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
Total Funding
$7.5M
Headquarters
Cambridge, Massachusetts
Founded
2006
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Company Equity
Hybrid Work Options
Flexible Work Hours
Paid Vacation
Meal Benefits
Commuter Benefits
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.
Organizations join the ever-growing cloud native ecosystem to drive innovation across industries and geographiesNEW DELHI, Dec. 10, 2024 /PRNewswire/ -- KubeCon + CloudNativeCon India – December 11, 2024 – The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced that more than 26 new Silver CNCF members have joined this quarter, highlighting the sustained investments organizations are making as cloud native innovation accelerates."As cloud native technologies drive unprecedented global transformation, CNCF is expanding its reach with new KubeCon + CloudNativeCon events in India and Japan, and a partnership with Andela to cultivate engineering talent across Africa," said Priyanka Sharma, executive director of CNCF. "These efforts reflect our commitment to fostering an inclusive global community, empowering organizations to innovate at scale, and advancing the cloud native ecosystem across the world. We are appreciative of the support these new members will bring to our expansive community and look forward to collaborating as we move into 2025."New and existing CNCF members are gathering this week in Delhi at the first-ever KubeCon + CloudNativeCon India. Joining the community at upcoming 2025 CNCF-hosted events, including KubeCon + CloudNativeCon Europe , April 1-4 in London, KubeCon + CloudNativeCon China , June 10-11 in Hong Kong, the inaugural KubeCon + CloudNativeCon Japan , June 16-17 in Tokyo, and more .About the newest Silver Members:Altinity helps enterprises run open source ClickHouse® better.helps enterprises run open source ClickHouse® better. Armored Gate is a multi-national cybersecurity company dedicated to advancing responsible technology, like Armored Containers: The long-awaited production solution for single-layer, single-purpose, on-demand microservice containers that meet requirements of Zero Trust, NIST, ISO and other regulations.is a multi-national cybersecurity company dedicated to advancing responsible technology, like Armored Containers: The long-awaited production solution for single-layer, single-purpose, on-demand microservice containers that meet requirements of Zero Trust, NIST, ISO and other regulations
Offering car dealers and shoppers value beyond the leads it has traditionally delivered is paying off for digital auto platform CarGurus.The company’s fastest-growing product is its Digital Deal tool, which enables consumers to start their financial application, book an appointment and start a trade-in online before completing the process at the dealership, CarGurus CEO Jason Trevisan said Thursday (Nov. 7) during the company’s third-quarter earnings call.“The transaction elements of car buying and selling continue to shift online, and we are enhancing and expanding our digital capabilities to empower our dealer partners to compete on a broader scale beyond their local presence while sourcing and selling inventory more efficiently online,” Trevisan said. “Digital Deal is our fastest growing product in the U.S., and we are very pleased with its continued strong adoption and elevated customer satisfaction.”The adoption of Digital Deal in the U.S. leaped 150% year over year to reach 8,474 dealers, CarGurus said in an earnings presentation released Thursday.The company expanded this offering to Canada Monday (Nov. 4), saying in a press release that Digital Deal gives dealers access to shoppers who are ready to buy, gives consumers greater confidence by helping them understand their financing eligibility up front, and saves both parties time in completing the transaction.“With increasing demand for more digitally enabled solutions from both consumers and dealers, we see significant opportunities to replicate the success of our transaction enablement playbook as our international business continues to mature and gain share,” Trevisan said during the Thursday earnings call.During the third quarter, CarGurus also launched a website redesign, added swipeable photos and updated browsing to its app, and updated its lead submission experience, according to the presentation.Trevisan said during the call that the updated website offers a more personalized experience that is resonating with consumers, that the mobile app now drives 30% of the company’s leads, and that the lead submission experience is now faster and more intuitive.CarGurus is making these updates to its marketplace at a time when car shoppers are focused on affordability, the company said in an Oct. 8 press release.The firm reported that it is seeing the greatest sales growth in price segments that are affordable: $20,000 to $30,000 for new vehicles and $15,000 to $20,000 for used ones.It attributed this trend to consumers facing economic uncertainty and interest rates and vehicle prices that remain high.“We continue to build a transaction-enabled platform that leverages our unique and extensive consumer data to deliver actionable insights, tools and functionalities for our dealer partners, supporting them in their daily decision-making processes,” Trevisan said during the Thursday earnings call