CarGurus, Inc.

CarGurus is a multinational automotive platform that helps consumers and dealers confidently buy and sell vehicles. Founded in 2006, CarGurus is the No. 1 visited automotive shopping site in the U.S. with the largest selection of inventory and network of dealers. The company's selection, trusted automotive insights, and data-driven products and solutions support shoppers from online research to in-dealership decisions. CarGurus provides dealers with a personalized, predictive intelligence platform featuring software solutions that help them run their businesses more efficiently and profitably across inventory acquisition and pricing, marketing, and conversion to sale. The company operates marketplaces in the U.S., U.K., and Canada. During the first three quarters of the year ended December 31, 2025, CarGurus managed its business through two reportable segments: U.S. Marketplace and Digital Wholesale. The U.S. Marketplace segment derived revenue from marketplace services for dealer customers within the U.S. The Digital Wholesale segment primarily derived revenue from its Dealer-to-Dealer and Instant Max Cash Offer services sold on the CarOffer platform. On August 6, 2025, the Board of Directors determined to wind down CarOffer, LLC, including the CarOffer Dealer-to-Dealer and Instant Max Cash Offer products, referred to as the CarOffer Transactions Business.