CARG - Mergers and acquisitions

CAMBRIDGE, Mass., Dec. 04, 2023 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced it has completed the acquisition of CarOffer, purchasing the remaining minority equity interests for $75 million. Zach Hallowell, a seasoned digital wholesale market leader, has assumed the role of Chief Executive Officer (CEO) for CarOffer. "With this transaction complete, we believe we are well-positioned to accelerate our momentum in delivering solutions that streamline and enhance the dealer-to-dealer and consumer-to-dealer transaction experience," said Hallowell. "I look forward to leading the int

Fourth Quarter Highlights: Total revenue of $151.6 million, a decrease of (4%) year-over-yearGAAP operating income of $33.5 million; non-GAAP operating income of $46.7 millionGAAP net income of $25.2 million; non-GAAP net income of $36.5 millionAdjusted EBITDA of $48.6 million Full-Year 2020 Highlights: Total revenue of $551.5 million, a decrease of (6%) year-over-yearGAAP operating income of $97.8 million; non-GAAP operating income of $151.5 millionGAAP net income of $77.6 million; non-GAAP net income of $121.8 millionAdjusted EBITDA of $160.8 million CAMBRIDGE, Mass., Feb. 11, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global online automotive marketplace, toda

CAMBRIDGE, Mass., Jan. 14, 2021 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today announced it has completed the acquisition of a 51% interest in CarOffer, with the ability to buy the remaining equity interest in the company over the next three years. The acquisition adds wholesale vehicle acquisition and selling capabilities to CarGurus’ portfolio of dealer offerings. CarOffer was founded by auto industry veteran, Bruce Thompson, who will continue to lead the CarOffer brand and team from their Plano, Texas location. “We are thrilled to welcome the CarOffer team to the CarGurus family and excited to join forces to drive further innova