CarGurus, Inc. (CARG) company profile
Close on Nov 13, 2026Market cap $3.10BP/E 17.6Yield –
About CarGurus
Services-Computer Processing & Data Preparation, SIC 7374
CarGurus, Inc. operates an online automotive marketplace connecting car shoppers with automotive dealers. The company provides a two-sided digital platform that enables consumers to research, evaluate, and purchase new and used vehicles using conversational search tools and proprietary deal ratings based on its Instant Market Value algorithm. For dealership clients, the business offers a suite of software solutions across inventory sourcing and pricing, marketing, conversion, and data analytics, including its Sell My Car acquisition tool and PriceVantage software. CarGurus generates revenue through recurring dealer subscription fees, brand and automotive manufacturer advertising, and partnerships with automotive finance providers.
The company operates online marketplaces serving consumers and dealers in the United States, the United Kingdom, and Canada. Additionally, CarGurus maintains its principal executive offices in Boston, Massachusetts. Following the wind-down and abandonment of its CarOffer digital wholesale transactions business at the end of 2025, the company manages and reports its operational activities as a single consolidated business segment.
Summary of the business section of CarGurus's latest annual report, written by StockData.
Company profile
Company
- Legal name
- CarGurus, Inc.
- Founded
- 2006
- Headquarters
- Boston, MA
- Address
- 1001 Boylston Street, 16th Floor 02115
- Phone
- (617) 354-0068
- Website
- www.cargurus.com
- Employees
- 1,218, Dec 31, 2025
- Industry
- Services-Computer Processing & Data Preparation
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- CARG
- Exchange
- Nasdaq
- IPO date
- Oct 12, 2017
- Shares outstanding
- 89M, Jul 31, 2026
- Public float
- $1.74B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1494259
- CUSIP
- 141788109
- ISIN
- US1417881091
- FIGI
- BBG00HQ77DS2
- Share class FIGI
- BBG00HQ77DT1
- LEI
- 54930027BKQN6B7X7G78
- EIN
- 04-3843478
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Langley Steinert | Executive Chair, Director | 14,718,472 |
| Jason Trevisan | Chief Executive Officer, Director | 903,253 |
| Ismail Elshareef | Chief Product Officer | 123,670 |
| Samuel Zales | COO and President | 419,735 |
| Matthew Charles Mandel | CFO and Treasurer | 175,083 |
| Matthew Todd Quinn | Chief Technology Officer | 226,104 |
| Dafna Sarnoff | Chief Marketing Officer | 100,795 |
| Javier Zamora | General Counsel and Secretary | 75,971 |
| Jennifer Ladd Hanson | Chief People Officer | 88,557 |
| Zachary Emerson Hallowell | CEO, CarOffer | 110,431 |
| Elisa Palazzo | CFO and Treasurer | 78,851 |
| Greg M. Schwartz | Director | 8,716 |
| Steven Conine | Director | 60,389 |
| Lori A. Hickok | Director | 54,254 |
| Stephen Kaufer | Director | 331,278 |
| Manik Gupta | Director | 24,137 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $7.89M | $9.22M | $2.56M | $121 | $51 |
| FY2024 | $7.80M | $11.94M | $2.80M | $115 | $57 |
| FY2023 | $3.75M | $6.88M | $2.63M | $76 | $52 |
| FY2022 | $1.55M | -$5.91M | $2.55M | $44 | $43 |
| FY2021 Jason Trevisan | $19.21M | $16.80M | $5.17M | $106 | $87 |
| FY2021 Langley Steinert | $2.51M | $2.15M | $5.17M | $106 | $87 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Jason Trevisan Chief Executive Officer and interim Principal Financial Officer, Principal Accounting Officer, and Treasurer | $647.50K | $6.50M | $709.33K | $32.46K | $7.89M | +1% |
| Elisa Palazzo Former Chief Financial Officer and Treasurer | $85.50K | – | – | $303.46K | $388.96K | -50% |
| Langley Steinert Executive Chair | $10.00K | $2.50M | – | $1.98K | $2.51M | +0% |
| Matthew Quinn Chief Technology Officer | $417.50K | $1.40M | $259.49K | $18.20K | $2.10M | -26% |
| Samuel Zales President and Chief Operating Officer | $561.25K | $4.20M | $477.45K | $13.00K | $5.25M | +7% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Oct 12, 2017
- Offer price
- $16.00
- Securities offered
- 9,400,000
- Gross proceeds
- $150.40M
- Exchange
- Nasdaq
- First trading day
- Oct 12, 2017
- First-day close
- $27.58+72.4%
- Lock-up ends (est.)
- Apr 10, 2018
“The initial public offering price of our Class A common stock is $16.00 per share.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 1,218 full-time employees, 82 of whom were based outside the U.S.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 12, 2017 | IPO | Initial public offering priced (424B4 prospectus) |
| Oct 6, 2017 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jul 14, 2010 | Name change | Name changed from Cargurus LLC to CarGurus, Inc. |
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