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.
In 2006, CarGurus was founded by Langley Steinert, who also co-founded TripAdvisor. The company initially started as an automotive community blog.
In 2009, CarGurus saw a significant increase in visitor traffic, starting a period of rapid growth.
By 2011, CarGurus' visitor traffic had increased from 9 million to 21 million per month.
In 2011, CarGurus was recognized on the Inc. 500 Fastest Growing Private Companies list.
In 2012, CarGurus was recognized on the Inc. 500 Fastest Growing Private Companies list.
In 2013, CarGurus was recognized on the Inc. 500 Fastest Growing Private Companies list.
In 2014, CarGurus was recognized on the Inc. 5000 list.
In 2015, CarGurus was named to Forbes' Most Promising Companies list.
In 2016, CarGurus was recognized on the Inc. 5000 list.
In October 2017, CarGurus had its Initial Public Offering (IPO) at $150 million, transitioning from a privately-owned company.
In 2018, CarGurus purchased PistonHeads, a UK-based website and forum, for an undisclosed amount.
In 2020, CarGurus acquired US auto listings site Autolist and purchased a 51% stake in wholesale vehicle platform CarOffer.
In January 2021, Jason Trevisan, who was previously the CFO, was named the CEO of CarGurus, replacing Langley Steinert.
In 2023, CarGurus acquired the remaining stake in wholesale vehicle platform CarOffer, completing its acquisition.
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