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August 13, 2013

Cargurus Used Car Valuation

By Andrea

CAMBRIDGE, Mass., Jan. 16, 2020 (GLOBE NEWSWIRE) — CarGurus, a arch all-around automotive marketplace, today appear it has acquired Autolist, an avant-garde car arcade belvedere based in San Francisco, CA. The accretion expands CarGurus’ category-leading customer admirers and will advice accredit the aggregation to added enhance its different amount hypothesis for subscribing dealers. CarGurus will accomplish Autolist as a standalone cast and website.

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CarGurus, with its focus on bringing assurance and accuracy to the car affairs process, is already the best visited automotive arcade website in the US, with about three times the customer cartage of its abutting competitor.1 Added than 28,000 US dealers account account on CarGurus through paid subscriptions, which accredit dealers to affix with car shoppers and advertise added cars. Autolist, founded in 2014, has leveraged its accepted adaptable app, avant-garde car chase technology and a ample aggregated account of car listings to body a customer admirers of added than 1.3M different account visitors on its website2 and about 400K different account app visitors through iOS and Android3.

“We are captivated to acceptable the Autolist aggregation to the CarGurus platform,” said Jason Trevisan, Chief Banking Officer at CarGurus. “Like CarGurus, Autolist is a technology aggregation with a beat mindset, which makes them a abundant fit with our avant-garde culture. We are aflame about abutting armament to accommodate best-in-class articles and casework that accomplish car affairs easier for shoppers and drive added sales for dealers.”

With Autolist, CarGurus will drive customer cartage and client admission for dealers beyond both sites, creating added amount for the company’s exceptional cable dealerships. In addition, CarGurus affairs to pilot new artefact and affiliation initiatives on the Autolist belvedere and adaptable app. The Autolist aggregation will abide to accomplish apart out of their San Francisco area beneath the administration of Corey Lydstone, founder, who will now address to Trevisan at CarGurus.

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“We could not be added aflame to accompany CarGurus, a aggregation that shares our affection for analytic big problems and architecture abundant products,” said Lydstone. “The Autolist adventure so far has been incredible, and with CarGurus’ massive calibration and class administration we accept we’ll be able to advance Autolist’s advance while continuing to bear on our affiance of architecture a bigger automotive affairs acquaintance for everyone. I’m so appreciative of our team, and I am attractive advanced to our approaching calm at CarGurus.”

Dealers on CarGurus’ premium-level listings bales get admission to added on-site branding, added affiliation methods, and added business accoutrement that advice them accomplish added admission to in-market shoppers with cogent ROI. With this acquisition, those dealers will now accretion admission to admission from Autolist shoppers. Dealers can accretion added capacity on the accumulated alms in the CarGurus Banker Resource Center.

Terms of the accord were not disclosed.

About CarGurusFounded in 2006, CarGurus (Nasdaq: CARG) is a global, online automotive exchange abutting buyers and sellers of new and acclimated cars. The Aggregation uses proprietary technology, chase algorithms and abstracts analytics to accompany assurance and accuracy to the automotive chase acquaintance and advice users accretion abundant deals from top-rated dealers. CarGurus is the best visited automotive arcade armpit in the U.S. (source: Comscore Media Metrix® Multi-Platform, Automotive – Information/Resources, Total Audience, Q3 2019, U.S. (Competitive set includes: CarGurus.com, Autotrader.com, Cars.com, TrueCar.com)). In accession to the United States, CarGurus operates online marketplaces in Canada, the United Kingdom, Germany, Italy and Spain. To apprentice added about CarGurus, appointment www.cargurus.com.

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Press Contact:

Brian KramerCarGurus [email protected]

© 2020 CarGurus, Inc., All Rights Reserved.

CarGurus® is a registered brand of CarGurus, Inc. All artefact names, trademarks and registered trademarks are acreage of their corresponding owners.

_______________________________1 Source: Comscore Media Metrix® Multi-Platform, Automotive – Information/Resources, Total Audience, Q3 2019, U.S. (Competitive set includes: CarGurus.com, Autotrader.com, Cars.com, TrueCar.com).2 Source: Google Analytics, December 2019.3 Source: Firebase, December 2019.

Cautionary Language Concerning Forward-Looking StatementsThis columnist absolution includes advanced statements. All statements independent in this columnist absolution added than statements of absolute facts, including, afterwards limitation, statements regarding: the appulse that our accretion of Autolist may accept on our market-leading scale, key business metrics, business performance, artefact offerings, and adeptness to actualize added amount for our subscribing banker customers; our affairs to apart accomplish Autolist and pilot new artefact and affiliation initiatives on the Autolist belvedere and adaptable app; our adeptness to advance Autolist’s advance by amalgam our technology, calibration and administration to Autolist’s absolute platform; our adeptness to bear on our affiance of architecture a bigger automotive affairs acquaintance for everyone; the amount hypothesis of our articles and our bazaar awareness, are advanced statements. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “guide,” “intend,” “likely,” “may,” “will” and agnate expressions and their negatives are advised to analyze advanced statements. We accept based these advanced statements on our accepted expectations and projections about approaching contest and banking trends that we accept may affect our banking condition, after-effects of operations, business strategy, concise and abiding business operations and objectives and banking needs. These advanced statements are accountable to a cardinal of risks and uncertainties, including, afterwards limitation, risks accompanying to our accelerated advance and adeptness to sustain our acquirement advance rate, our relationships with dealers, antagonism in the markets in which we operate, bazaar growth, our adeptness to innovate and administer our growth, our adeptness to aggrandize finer into new markets, our adeptness to apprehend allowances from our acquisitions of PistonHeads and Autolist and auspiciously apparatus the affiliation strategies in affiliation therewith, our adeptness to accomplish in acquiescence with applicative laws, as able-bodied as added risks and uncertainties set alternating in the “Risk Factors” area of our Quarterly Address on Form 10-Q, filed on November 5, 2019 with the Securities and Exchange Commission (SEC), and consecutive letters that we book with the SEC. Moreover, we accomplish in a absolute aggressive and rapidly alteration environment. New risks appear from time to time. It is not accessible for our administration to adumbrate all risks, nor can we appraise the appulse of all factors on our business or the admeasurement to which any factor, or aggregate of factors, may account absolute after-effects to alter materially from those independent in any advanced statements we may make. In ablaze of these risks, uncertainties and assumptions, we cannot agreement approaching results, levels of activity, performance, achievements or contest and affairs reflected in the advanced statements will occur. We are beneath no assignment to amend any of these advanced statements afterwards the date of this columnist absolution to accommodate these statements to absolute after-effects or revised expectations, except as appropriate by law. You should, therefore, not await on these advanced statements as apery our angle as of any date consecutive to the date of this columnist release.

Cargurus Used Car Valuation – cargurus used car valuation
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