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CarGurus shifts from listings to AI agent, playing larger role in consumer journey & dealer workflow
CarGurus reported third quarter revenues climbed 12% year-over-year to $258 million, as it continues to ramp up its artificial intelligence capabilities and integrate products into more steps of dealership workflows. During its Q3 conference call, the company highlighted strategic initiatives such as the launch of StockVantage and the expansion of its data-driven tools, including VINMax, […]
CarGurus credits new dealer product offerings with Q3 growth
CarGurus saw double-digit revenue growth in the third quarter despite dealerships facing a tougher macroeconomic environment and consumers’ continuing affordability concerns. “While we have been encouraged by the sequential improvement at the dealer level, we do not believe that dealer enthusiasm has returned to 2025 levels driven primarily by dealer margin pressure. For the consumer, […]
Cars.com sets sights on independent dealers with new product launched during Q3 earnings call
During its third quarter earnings call, Cars.com launched Marketplace Starter, a no-fee self-service subscription plan aimed at independent dealers. The online marketplace sees attracting more independent dealers to list on its site as a key to long-term sustainability. “In keeping with our focus on development velocity, we launched our first self-service marketplace offering to better […]