We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

CarGurus (NASDAQ:CARG) shareholders are no doubt pleased to see that the share price has bounced 31% in the last month...

Coronavirus-induced social distancing is prompting automakers and dealers to step up digital retailing efforts.

CAMBRIDGE, Mass., April 23, 2020 -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, announced it will issue a press release reporting financial results.

Today CarGurus issued the following letter to shareholders. 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 unwavering support through this unprecedented period. Included in these measures is a 50% rate reduction on all marketplace subscription billings in April for all of our paying customers.

With me on the call today is Langley Steinert, CarGurus' founder and chief executive officer; Jason Trevisan, chief financial officer and president, international; and Sam Zales, president and chief operating officer. During the call, we will make statements regarding our business that may be considered forward-looking within applicable securities laws, including statements concerning our outlook for the second quarter and full year 2020 and management's expectations for our future financial and operational performance, our business growth and international strategies, the impact of the COVID-19 pandemic on our business and financial results and other statements regarding our plans, prospects and expectations.

CAMBRIDGE, Mass., March 03, 2020 -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, today announced that Tom Caputo, Chief Product Officer, is scheduled.

Unfortunately for some shareholders, the CarGurus (NASDAQ:CARG) share price has dived 31% in the last thirty days. And...

CarGurus (CARG), a leading global online automotive marketplace, today released its Canadian COVID-19 Sentiment Study. The Canadian CarGurus COVID-19 Sentiment Study delved into a variety of automotive topics, including shoppers’ thoughts on when they plan to buy their next vehicle, and their opinions on both contactless dealership services amid COVID-19, as well as when they will schedule regular vehicle maintenance servicing. “Even though the COVID-19 pandemic is having an impact on the automotive industry, our study showed that there are several bright spots among consumers who plan on purchasing a vehicle this year,” said Madison Gross, Director of Customer Insights at CarGurus.

First Quarter Highlights: Total revenue of $157.7 million, an increase of 17% year-over-yearGAAP operating income of $12.0 million; non-GAAP operating income of $25.1.

A week ago, CarGurus, Inc. (NASDAQ:CARG) came out with a strong set of quarterly numbers that could potentially lead...

CarGurus (CARG), a leading global online automotive marketplace, today released its COVID-19 Sentiment Study. As COVID-19 disrupts several industries like automotive retail, this analysis looks into the specific segment of those consumers who either planned on purchasing a vehicle before the pandemic hit and/or those that are now planning on purchasing a vehicle since then. The CarGurus COVID-19 Sentiment Study delved into a variety of automotive topics, including shoppers’ thoughts on when they plan to buy their next vehicle, and their opinions on both contactless dealership services amid COVID-19, as well as when they will schedule vehicle servicing.

For example, two of the 10 local tech companies that hired the most people last year have laid off workers since the start of this year. "Among the top 10 largest tech hiring companies in Boston for 2019, we’ve already seen some concerns entering 2020," according to John Barrett, a Boston-based partner at recruiting firm ON Partners, who compiled recent hiring information using LinkedIn data. Approximately 4,100 jobs were added in Greater Boston in 2019, a 6% annual gain.

CAMBRIDGE, Mass., March 04, 2020 -- CarGurus (Nasdaq: CARG) today announced its sixth annual list of CarGurus Top Rated Dealers. These awards are presented to car dealerships.

CarGurus (CARG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CarGurus today announced its fourth annual list of CarGurus Top Rated Dealers in Canada. This year’s Top Rated Dealers received an average of 4.7 stars on a scale of one to five, signifying their priority in providing an excellent customer experience. “As the trust and transparency pioneer in car shopping, CarGurus is delighted to recognize the dealerships that echo and live these same values,” said Ashley Karr, Vice President of B2B Marketing at CarGurus.

CarGurus (CARG), a leading global automotive marketplace, today announced its continued support for dealers in the U.S. and Canada as the COVID-19 situation continues to impact automotive retail. The company will extend its existing 50% discount on all marketplace subscriptions for U.S. and Canadian dealers through the month of May. The move is a continuation of the rate reduction that CarGurus announced on March 18, and is intended to help ease the burden for dealers at this difficult time.

CarGurus (CARG), a leading global automotive marketplace, today announced a 20% rate reduction for the month of June for its subscribing dealerships in Canada. CarGurus was first among the major Canadian online automotive marketplaces1 to offer discounts to dealers in April and has continued to offer discounts through June. The June discount is intended to provide extended cost relief, enabling dealers in Canada to continue to connect with shoppers on the CarGurus platform and benefit from pent-up demand heading in to summer.

CarGurus (CARG), a leading global automotive marketplace, today announced new digital safety and convenience features in its effort to support dealerships and consumers during COVID-19. Amid the current COVID-19 restrictions, the company is now offering ways for its subscribing dealers in the U.S., U.K., and Canada to inform in-market shoppers about how they can safely communicate and connect regarding the vehicles they are interested in purchasing. As shoppers adhere to their local regulations for conducting retail activity, CarGurus’ new array of search features will help those who are able to shop for a vehicle to do so safely.

CarGurus (CARG), a leading global automotive marketplace, today announced a comprehensive 20% rate reduction for the month of June for its subscribing dealerships in the United States. CarGurus was the first among the major U.S. online automotive marketplaces¹ to offer discounts to dealers for April and has continued to offer discounts for May and now June. The June discount is intended to provide extended cost relief, enabling dealers in the U.S. to continue to connect with shoppers on the CarGurus platform and benefit from pent-up demand heading in to summer.