CarGurus

Earnings Season Shows Some Momentum for Online Car Platforms
Earnings Season Shows Some Momentum for Online Car Platforms
March 14, 2024  |  Retail

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run...

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Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
February 28, 2024  |  eCommerce

For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still)...

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CarGurus Says AI-Powered Insights Help Dealers Adjust Prices to Boost Sales
CarGurus Says AI-Powered Insights Help Dealers Adjust Prices to Boost Sales
February 26, 2024  |  Retail

CarGurus has been rolling out new artificial intelligence (AI) features to give both dealers and consumers the information they’re looking for. With these offerings, the...

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Chase Teams With CarGurus’ for Online Auto Financing
Chase Teams With CarGurus’ for Online Auto Financing
January 29, 2024  |  Consumer Finance

Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender...

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Earnings Season Shows No Straight Path for Online Car Platform Profitability
Earnings Season Shows No Straight Path for Online Car Platform Profitability
November 14, 2023  |  Earnings

For the online car platforms that have promised to bring kicking the tires firmly into the digital age, profitability has been volatile, sometimes elusive.  Inventory’s...

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Digital Automotive Platforms Add Features and Cut Costs Amid Challenges 
Digital Automotive Platforms Add Features and Cut Costs Amid Challenges 
November 09, 2023  |  Earnings

Digital automotive platforms are adding features and cutting costs as they continue to cope with a challenging economic environment.  CarGurus executives said Tuesday (Nov. 7) during...

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Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
May 31, 2023  |  Market Conditions

One day’s surge on Wall Street may be a blip, or it may be an omen. Shares of Carvana rocketed up more than 16% Tuesday (May 30)....

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Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
May 10, 2023  |  eCommerce

For the online car platforms, the path towards profitability is a bumpy one … … and the macro pressures are hardly in the rearview mirror....

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CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
March 01, 2023  |  Earnings

There are plenty of bumps in the road for auto sales. Inventory is improving but is still constrained, and inflation continues to keep car prices...

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