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CarGurus Priced, Nasdaq: CARG

Online marketplace for buyers and sellers of new and used cars.

Industry: Technology

Latest Trade: $38.42 0.00 (0.0%)

First Day Return: +72.4%

Return from IPO: +140.1%

Industry: Technology

We are a global, online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and innovative data analytics, we believe we are building the world's most trusted and transparent automotive marketplace and creating a differentiated automotive search experience for consumers. Our trusted marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding "Great Deals from Great Dealers." As of June 30, 2017, we had an active dealer network of over 40,000 dealers, and our selection of over 5.4 million car listings is the largest number of car listings available on any of the major US online automotive marketplaces. In addition to the US, we operate online marketplaces in Canada, the UK and Germany. We generate marketplace subscription revenue from dealers through Listing and Dealer Display subscriptions, and advertising revenue from automobile manufacturers and other auto-related brand advertisers.
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IPO News for CarGurus
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IPO Data
IPO File Date 09/15/2017
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 9.4
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/11/2017
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 9.4
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Cambridge, MA
Founded 2006
Employees 514
Website www.cargurus.com