History of CarGurus in Timeline
CarGurus is an online automotive marketplace that allows consumers to research and compare used and new car listings from local dealers in the U.S., U.K., and Canada. It facilitates price comparison and helps connect buyers with sellers.
3 hours ago : CarGurus Stock: Investment Board Increases Position; Analyst Downgrades Stock to Hold
The Public Sector Pension Investment Board increased its CarGurus (CARG) position. Wall Street Zen cut CarGurus to a Hold rating, as the consensus remains 'Hold'.
2006: CarGurus Founded
In 2006, CarGurus was founded by Langley Steinert, who also co-founded TripAdvisor. The company initially started as an automotive community blog.
2009: Visitor traffic increase
In 2009, CarGurus saw a significant increase in visitor traffic, starting a period of rapid growth.
2011: Visitor traffic increased to 21 million per month
By 2011, CarGurus' visitor traffic had increased from 9 million to 21 million per month.
2011: Ranked on the Inc. 500
In 2011, CarGurus was recognized on the Inc. 500 Fastest Growing Private Companies list.
2012: Ranked on the Inc. 500
In 2012, CarGurus was recognized on the Inc. 500 Fastest Growing Private Companies list.
2013: Ranked on the Inc. 500
In 2013, CarGurus was recognized on the Inc. 500 Fastest Growing Private Companies list.
2014: Ranked on the Inc. 5000
In 2014, CarGurus was recognized on the Inc. 5000 list.
2015: Named to Forbes' Most Promising Companies list
In 2015, CarGurus was named to Forbes' Most Promising Companies list.
2016: Ranked on the Inc. 5000
In 2016, CarGurus was recognized on the Inc. 5000 list.
October 2017: CarGurus IPO
In October 2017, CarGurus had its Initial Public Offering (IPO) at $150 million, transitioning from a privately-owned company.
2018: Acquisition of PistonHeads
In 2018, CarGurus purchased PistonHeads, a UK-based website and forum, for an undisclosed amount.
2020: Acquisition of Autolist and stake in CarOffer
In 2020, CarGurus acquired US auto listings site Autolist and purchased a 51% stake in wholesale vehicle platform CarOffer.
January 2021: Jason Trevisan named CEO
In January 2021, Jason Trevisan, who was previously the CFO, was named the CEO of CarGurus, replacing Langley Steinert.
2023: Acquisition of remaining stake in CarOffer
In 2023, CarGurus acquired the remaining stake in wholesale vehicle platform CarOffer, completing its acquisition.
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