CarGurus, Inc. Provides Financial Guidance for the Fourth Quarter and Full Year of 2021
November 10, 2021 at 02:41 am IST
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CarGurus, Inc. provided financial guidance for the fourth quarter and full year of 2021. For the quarter, the company expects total revenue of between $273 million to $285 million.
For the full year, the company expects total revenue of between $885 million to $897 million.
CarGurus, Inc. (CarGurus) is a multinational, online automotive platform for buying and selling vehicles that offers both digital retail solutions and the CarOffer digital wholesale platform. The CarGurus platform enables consumers to buy and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, instantly acquire, effectively market, and quickly sell vehicles, all with a nationwide reach. The Company operates through two segments: U.S. Marketplace and Digital Wholesale. The U.S. Marketplace segment provides marketplace services for customers within the United States. The Digital Wholesale segment provides Dealer-to-Dealer and Instant Max Cash Offer (IMCO) services and products which are sold on the CarOffer platform. The Company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. It also operates the Autolist and PistonHeads online marketplaces in the United States and the United Kingdom.
CARGURUS, INC. 
