CarGurus Statistics and User Count for 2024
Last Updated on: January 6th, 2024
Here are a few of the most interesting CarGurus statistics and facts I was able to dig up including restaurant count, revenue totals and employee counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.
Critical sections of this article:
CarGurus Facts
Here is pretty much everything you ever wanted to know about CarGurus.
- Website: Official Website
- Year Founded: 2006
- Headquarters: Cambridge, MA
- Founder(s): Langley Steinert
- Current Chief Executive: Langley Steinert
- App Download (iOS)
- App Download (Android)
CarGurus is an online automotive marketplace that helps consumers buy and sell new and used cars. The platform was founded in 2006 and is headquartered in Cambridge, Massachusetts. CarGurus allows users to search for cars by make, model, price, location, and other criteria, and provides detailed information on each vehicle, including photos, reviews, and dealer ratings.
One of the unique features of CarGurus is its algorithm-based system for rating car dealerships. The company uses a proprietary algorithm to calculate a dealership’s reputation based on factors such as customer reviews, pricing, and inventory. This rating system helps consumers identify trustworthy dealerships and can provide valuable insights for car buyers.
CarGurus also offers a variety of tools and resources to help consumers with the car-buying process, including financing options, insurance quotes, and vehicle history reports. The platform is free for consumers to use, and dealerships pay a fee to list their inventory and receive leads from interested buyers.
Today, CarGurus is one of the largest online automotive marketplaces in the United States and has expanded to other countries, including Canada, the United Kingdom, Germany, Italy, and Spain.
CarGurus Statistics
CarGurus Revenue Totals
CarGurus revenue (annual):
- 2022: $1.655 billion
- 2021: $951 million
- 2020: $551 million
- 2018: $454 million
- 2017: $316 million
- 2016: $198 million
- 2015: $98 million
CarGurus net income (annual):
- 2021: $109 million
- 2020: $77 million
- 2017: $13 million
- 2016: $6 million
- 2015: $1.6 million net loss
Please note that some of these numbers are easier to find than others. A few of these statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.
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