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ACV’s next step: scaling AI technology to solidify its role as auto industry ‘disruptor’
ACV is not in the auction business. Or even in the wholesale business. Nor is it in the finance or transport business. Oh, sure, it does all those things. But during the company’s fourth quarter earnings call, CEO George Chamoun affirmed the company’s overarching purpose. “When you think about our differentiator, we’re not only in […]
Used EV retailer charges forward with $15M Series A, new stores & executive hires
The used electric vehicle market has entered growth mode and so has one of its emerging retail leaders. Recharged — a Richmond, Va.-based used EV marketplace with online and brick-and-mortar elements — closed a $15 million Series A funding round in November, led by Isogone Ventures, and rolled out new locations in Fairfax, Va., Charlotte, […]
CarGurus bolstered by value creation, new dealers & AI-driven products
CarGurus CEO Jason Trevisan began the company’s fourth quarter and annual earnings call by calling 2025 a “pivotal year” for the company. “We accelerated product innovation, expanding how we serve dealers and consumers as a marketplace, software, and data company, drove significant growth and profitability, and returned capital through disciplined share repurchases,” said Trevisan during […]