Latest news with #CarGurus
Cision Canada
4 days ago
- Automotive
- Cision Canada
AutoCanada Selects CarGurus as Preferred Partner Powering its Digital Marketing and Business Intelligence Strategy
EDMONTON, AB, July 21, 2025 /CNW/ - AutoCanada Inc. (TSX: ACQ), a multi-location North American automobile dealership group, today announced that it has selected CarGurus (Nasdaq: CARG), the fastest-growing automotive shopping site in Canada 1, as its preferred partner in Canada. Through this long-term relationship, AutoCanada will have access to the power and reach of CarGurus' leading listings marketplace, advanced digital marketing and retail solutions, and market intelligence powered by proprietary data and predictive insights. "Consumer expectations continue to evolve and AutoCanada remains committed to delivering a best-in-class experience that supports shoppers at every stage of their journey," said Paul Antony, Executive Chairman of AutoCanada. "We believe partnering with CarGurus will enable AutoCanada to fuel our growth through enhanced marketing performance, deeper data-driven decision-making, and greater access to high-quality consumer connections." AutoCanada dealers will benefit from CarGurus' solutions that help maximize visibility, connect with ready-to-buy shoppers, and make more data-informed decisions on vehicle pricing, inventory management, and digital advertising. The group's 64 franchised dealerships and three used car dealerships in Canada will also have ongoing access to strategic consultation from CarGurus' in-person dealer engagement team, helping them navigate shifting market dynamics and consumer behavior. "By combining our performance-driven solutions and deep market intelligence with AutoCanada's extensive dealership network, we aim to help their stores connect with more car buyers with greater efficiency and leverage actionable insights," said Sam Zales, President & Chief Operating Officer at CarGurus. "We value the opportunity to deepen our relationship as AutoCanada's strategic partner." About AutoCanada AutoCanada's Canadian Operations segment operates 64 franchised dealerships in Canada, comprised of 23 brands, in eight provinces. AutoCanada currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen branded vehicles. In addition, AutoCanada's Canadian Operations segment currently operates three independent used dealerships and 12 stand-alone collision centres within our group of 29 collision centres. In 2024, our Canadian dealerships sold approximately 85,000 new and used retail vehicles. In addition, our collision centres offer an opportunity for the Company to retain customers at every touchpoint within the automotive ecosystem. AutoCanada's U.S. Operations segment, operating as Leader Automotive Group, operates 17 franchised dealerships comprised of 15 brands, in Illinois, USA. Leader currently sells Audi, Chevrolet, Chrysler, Dodge, Honda, Hyundai, Jeep, Kia, Lincoln, Mercedes-Benz, Porsche, Ram, Subaru, Toyota, and Volkswagen branded vehicles. In 2024, our U.S. dealerships sold approximately 12,900 new and used retail vehicles.
Yahoo
4 days ago
- Automotive
- Yahoo
Q1 Earnings Outperformers: CarGurus (NASDAQ:CARG) And The Rest Of The Online Marketplace Stocks
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the online marketplace stocks, including CarGurus (NASDAQ:CARG) and its peers. Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition. The 13 online marketplace stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 2.2% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 7.3% on average since the latest earnings results. CarGurus (NASDAQ:CARG) Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. CarGurus reported revenues of $225.2 million, up 4.3% year on year. This print was in line with analysts' expectations, and overall, it was a satisfactory quarter for the company with EBITDA guidance for next quarter exceeding analysts' expectations. "Our strong momentum in our Marketplace business continued into 2025, which grew 13% year-over-year,' said Jason Trevisan, Chief Executive Officer at CarGurus. Interestingly, the stock is up 18.6% since reporting and currently trades at $33.16. Is now the time to buy CarGurus? Access our full analysis of the earnings results here, it's free. Best Q1: eHealth (NASDAQ:EHTH) Aiming to address a high-stakes and often confusing decision, eHealth (NASDAQ:EHTH) guides consumers through health insurance enrollment and related topics. eHealth reported revenues of $113.1 million, up 21.7% year on year, outperforming analysts' expectations by 13.4%. The business had an exceptional quarter with a solid beat of analysts' EBITDA estimates and full-year EBITDA guidance exceeding analysts' expectations. eHealth delivered the biggest analyst estimates beat among its peers. On a dimmer note, the company reported 1.16 million users, down 1.8% year on year. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 21.5% since reporting. It currently trades at $3.67. Is now the time to buy eHealth? Access our full analysis of the earnings results here, it's free. Weakest Q1: The RealReal (NASDAQ:REAL) Founded by consignment store aficionado Julie Wainwright, The RealReal (NASDAQ: REAL) is an online marketplace for buying and selling secondhand luxury goods. The RealReal reported revenues of $160 million, up 11.3% year on year, in line with analysts' expectations. It was a slower quarter as it posted full-year EBITDA guidance missing analysts' expectations significantly and EBITDA guidance for next quarter missing analysts' expectations significantly. The RealReal delivered the weakest full-year guidance update in the group. The company reported 985,000 users, up 157% year on year. As expected, the stock is down 20% since the results and currently trades at $5.84. Read our full analysis of The RealReal's results here. (NYSE:CARS) Originally started as a joint venture between several media companies including The Washington Post and The New York Times, (NYSE:CARS) is a digital marketplace that connects new and used car buyers and sellers. reported revenues of $179 million, flat year on year. This print came in 0.6% below analysts' expectations. Aside from that, it was a mixed quarter as it also produced a solid beat of analysts' EBITDA estimates but disappointing growth in its buyers. The company reported 19,250 active buyers, down 0.7% year on year. The stock is up 13.7% since reporting and currently trades at $12.87. Read our full, actionable report on here, it's free. Sea (NYSE:SE) Founded in 2009 and a publicly traded company since 2017, Sea (NYSE:SE) started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia. Sea reported revenues of $4.84 billion, up 27.8% year on year. This result missed analysts' expectations by 1.2%. Taking a step back, it was still a strong quarter as it recorded a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' number of paying users estimates. The company reported 64.6 million users, up 32.1% year on year. The stock is up 18.3% since reporting and currently trades at $168.76. Read our full, actionable report on Sea here, it's free. Market Update In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Automotive
- Yahoo
Cars.com (CARS) Stock Is Up, What You Need To Know
What Happened? Shares of online new and used car marketplace (NYSE:CARS) jumped 4.5% in the afternoon session after JPMorgan upgraded the stock. The investment bank raised its rating on the online automotive marketplace to "Overweight" from "Neutral," while keeping its price target at $14.00. JPMorgan's decision was based on a valuation analysis, noting that trades at a significant discount to its primary competitor, CarGurus. The bank felt this valuation gap is overly wide, even considering slower recent growth. An "Overweight" rating suggests that the analyst believes the stock will outperform the average return of the other stocks the analyst covers over the next 6 to 12 months. This positive assessment from a major financial institution signaled a shift in sentiment, boosting investor confidence in the company's prospects. After the initial pop the shares cooled down to $12.92, up 4.8% from previous close. Is now the time to buy Access our full analysis report here, it's free. What Is The Market Telling Us shares are quite volatile and have had 15 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 5 months ago when the stock dropped 20.3% on the news that the company reported weak fourth-quarter results, with full-year revenue guidance slightly missing expectations and next quarter's revenue guidance falling short of Wall Street's estimates. Revenue for the quarter was essentially flat year-on-year, reflecting a decline in dealer subscription sales. Despite the revenue slowdown, narrowly exceeded analysts' EBITDA expectations, indicating a better handle on profits. Overall, this was a weaker quarter, with revenue growth stagnating even as cost controls helped sustain profits. is down 23.3% since the beginning of the year, and at $12.92 per share, it is trading 37.3% below its 52-week high of $20.62 from July 2024. Investors who bought $1,000 worth of shares 5 years ago would now be looking at an investment worth $2,187. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
UAE Moments
11-07-2025
- Automotive
- UAE Moments
What to Check Before Buying a Used Car in 2025
Thinking about buying a used car in 2025 but not sure where to start? You're in the right place for a used car buyer guide 2025. In today's fast-paced city life, getting maximum value, peace‑of‑mind, and reliability from a used ride matters. But hidden issues, sketchy paperwork, or overlooked maintenance can turn a smart purchase into a headache. In this guide, you'll learn what to check before buying a used car in 2025 —from setting a realistic budget to running mechanical inspections, test-driving techniques, and spotting red flags. We also break down legal steps, savvy negotiation tactics, and when a certified pre-owned car might be worth it. Whether you're after a sporty hatchback or rugged compact SUV, this roadmap ensures you're covered—and cruising with confidence. Ready? Let's hit the used car inspection checklist 2025, and here's how to inspect a used car before buying. 1. Set Your Budget & Plan Buying a used car means more than the sticker price. Factor in road tax, insurance, fuel, service, and potential repairs. Research " used car financing 2025" to avoid surprises. Decide early if you want a certified pre-owned model with warranty or a basic used one—CPOs cost more upfront but can save you long‑term in reliability and resale value. 2. Do Your Research Start with model reviews and reliability data—for example, check Consumer Reports or CarGurus. Investigate recalls for your specific year and model using VIN searches. When comparing prices locally, search ' used car market 2025 ' to understand fair value. Knowing the car's typical trade‑in vs private-sale rates gives you leverage when negotiating. 3. Check Vehicle History Never skip the vehicle history report. Look for accident history, flood damage, title branding, and odometer tampering. Consumer Reports shares a valuable vehicle history check tips, stressing the importance of verifying mileage and maintenance via services like Carfax. A clean report doesn't guarantee a perfect ride, but it's a strong filter. 4. Inspect Exterior & Interior Walk around in daylight! Uneven paint, mismatched panels, or rust—even small dents—might hint at bigger damage. Don't forget to check the frame and undercarriage. Inside, test windows, infotainment, climate control, and upholstery. Smells like smoke or mildew could mean hidden water damage. 5. Mechanical & Under‑Bonnet Check Lift the hood and review oil, coolant, brake—all should be clear. A milky fluid could signal head gasket issues. Look for fluid leaks, worn belts, or frayed wiring. Ask the seller to start the engine cold—this can reveal faint ticking or misfires. 6. Suspension & Tires Bounce each corner of the car to test shocks—only one bounce means good dampers. Inspect tires: tread depth, even wear (misalignment hint), and look for cracks or bulges. Tire health hints at how hard the car has been driven and if suspension parts may be worn. 7. Test Drive Smartly Let the car warm up, then drive on city streets and highways. Listen for noises—thumps over bumps, squeals on turns, or grinding brakes. Feel for smooth acceleration. Test the AC thoroughly—no kip in Dubai, right? Finally, ensure steering is tight and brakes stop smoothly without pulling. 8. Negotiation & Pricing Use your findings—minor repairs, worn tires, detailing—as bargaining chips. Pull up your market price data and present transparent reasons for your offer. Sellers respect buyers who know their numbers. Financing? Getting pre-approved can give you leverage. 9. Paperwork & Legal Steps Ensure title, registration, and VINs all match. Ask for proof of insurance, valid MOT or safety certificate. If you're buying a certified pre-owned car, verify the warranty paperwork. Factor in transfer fees and inspection costs before signing—and never sign blank forms. 10. Spot Red Flags Watch for hubcaps taped on, odd serial numbers on VIN plates, mismatched mileage on records, or sellers rushing the paperwork. These could be signs of cloned or stolen cars. Trust your gut—walk away if something feels off. Quick Takeaways Budget smart: include insurance, maintenance, and fuel. Research model reliability and recall history. Always get a vehicle history report. Inspect under the hood and test-drive thoroughly. Use findings to negotiate price confidently. Handle all legal steps correctly—don't skip paperwork. Trust instincts—if something's off, walk away. FAQs Can I skip a professional pre-purchase inspection? A short and private inspection can help, but a certified mechanic's review is safest—especially to catch hidden problems. How much does a vehicle history report cost? Typically USD 30–40 via Carfax or AutoCheck—it's a small price to avoid costly surprises. Is a certified pre-owned car worth it? CPOs cost more but often include warranties, inspected parts, and can be worth it in reliability and resale. What's acceptable mileage for a 2025 used car? Around 10,000–15,000 miles/year is average. Significantly higher or lower mileage warrants more scrutiny. Should I buy an extended warranty? Extended coverage can bail you out if repairs come up—especially for older models approaching wear thresholds. Buying a used car in 2025 doesn't have to be nerve-wracking—it just takes preparation to avoid hidden issues in used cars. From budgeting to mechanical inspections, test-driving properly, and understanding legal steps, you'll protect your wallet and get a reliable ride. Avoid red flags, use data for negotiation, and consider a certified option for extra peace of mind. Ready to hit the road with confidence? Start your search today and drive smart.
USA Today
07-07-2025
- Automotive
- USA Today
Looking for a car under $30K? These affordable vehicles are some of the hardest to find
If you're looking for an economical car, this may not be the best time to start looking. According to data from the auto-retail site, new vehicles priced under $30,000 are disappearing the fastest this year. "We've seen a steady decline in affordable vehicles over the past several years, and the situation has only worsened in 2025 with the added pressure from looming tariffs," said Kevin Roberts, director of economic and market intelligence at CarGurus. While inflation can share some of the responsibility, the under-$30K market of vehicles has shrunk at a rapid clip. "On Jan. 1, 2020, 37.3% of new vehicle listings had an average list price under $30,000," Roberts said. "By Jan. 1, 2025, that share had dropped to 13.4%, and as of mid-June, it was down again to just 12.2%." CarGurus lists more than 4 million new and used cars on its site. Among those listings, they analyzed new vehicles and placed them in seven categories ranging from under $30K to over $80K: Inflation is the only factor limiting lower-priced cars. Roberts said the industry is still feeling the effects of the 2021 microchip-shortage: "When semiconductor supply was tight, automakers prioritized higher profit-margin vehicles and trims, which pushed average prices higher." Worries about tariffs tightened the supply of affordable cars even more. Roberts said buyers flocked to car dealers in March and early April and focused on the most affordable options because they were concerned tariffs would push prices even higher. Which vehicles models under $30K are hardest to find? "Automakers generally continue to make current model year vehicles up to the summer shutdowns around July 4th," said Roberts. "So the decrease in availability of these vehicles is not due to lack of supply but rather an increase in consumer demand for affordable vehicles." The only outlier is the Chevrolet Malibu. Roberts said the Malibu will go out of production after the current 2025 model year, which as led to an 80% decline on The used car market is also seeing a rise in prices During the past year, the number of used vehicles on CarGurus has increased but so have the prices. The average price for a used vehicle on the site in mid-June was $28,900. That's more than an $8K increase from the Jan. 2020 average of $20,600. With those increases comes trade-offs: "Many of the vehicles are older and have higher mileage," said Roberts. The 2021 microchip-shortage also has rippled into the used market. "One trend we've been tracking closely is the relative shortage of younger used vehicles," Roberts said. "Those model years: 3-year-old vehicles are up in price 5.4% year-over-year, and 4-year-old vehicles are up 8.0%, while used prices for all other age groups are up just 0.2%." Tariffs could impact pricing and incentives for future models As for the rest of the year, Roberts thinks tariffs might impact pricing of 2026 models that are due to come out this year. "I think it's going to be a lot more metered out, though. You may not see it as much as an MSRP increase but the cost could be rolled into reduced incentives as well." -- Notes ------ Do you believe there's a decline in affordable cars right now? Has the problem gotten worse over the last 6 months?Absolutely. We've seen a steady decline in affordable vehicles over the past several years, and the situation has only worsened in 2025 with the added pressure from looming tariffs. To put it in perspective, on January 1, 2020, 37.3% of new vehicle listings had an average list price under $30,000. By January 1, 2025, that share had dropped to 13.4%, and as of mid-June, it was down again to just 12.2%. If there is a decline in affordable cars, why do you think the more affordable vehicles are harder to find? (Are buyers responding to interest rates, prices or something else?) Affordable vehicles have become harder to find due to a mix of factors. First, inflation over the past five years has driven up prices across the board - this includes the cost of vehicles, along with associated costs like interest rates and insurance premiums that factor into a car buyer's monthly payment calculation. Second, we're still seeing lingering effects from the chip shortage in 2021. When semiconductor supply was tight, automakers prioritized higher-margin vehicles and trims, which pushed average prices higher. Now that we're back in a buyer's market, lower-priced vehicles haven't returned as quickly as you'd expect. On top of that, fears that tariffs would push prices even higher led to a surge in demand in late March and early April, with buyers especially focused on the most affordable options. As stated in your mid-year report. Why is there an abundant supply of more expensive used vehicles? Any trends in the used market that have bubbled up since January of this year? We're seeing more used vehicles on the market than in previous years, but that broader selection comes with trade-offs. Many of the vehicles are older and have higher mileage. Used models haven't been immune to inflation either, with average prices rising from $20,600 in January 2020 to $28,900 by mid-June. (Prices were even higher at the peak of the chip shortage.) One trend we've been tracking closely is the relative shortage of younger used vehicles. That's a direct result of reduced new vehicle production during the chip shortage, which left fewer recent-model trade-ins entering the used market. This has translated into higher prices for those model years: 3-year-old vehicles are up 5.4% year-over-year, and 4-year-old vehicles are up 8.0%, while used prices for all other age groups are up just 0.2%. As stated in your mid-year report. Why is there an abundant supply of more expensive used vehicles? Any trends in the used market that have bubbled up since January of this year? We're seeing more used vehicles on the market than in previous years, but that broader selection comes with trade-offs. Many of the vehicles are older and have higher mileage. Used models haven't been immune to inflation either, with average prices rising from $20,600 in January 2020 to $28,900 by mid-June. (Prices were even higher at the peak of the chip shortage.) One trend we've been tracking closely is the relative shortage of younger used vehicles. That's a direct result of reduced new vehicle production during the chip shortage, which left fewer recent-model trade-ins entering the used market. This has translated into higher prices for those model years: 3-year-old vehicles are up 5.4% year-over-year, and 4-year-old vehicles are up 8.0%, while used prices for all other age groups are up just 0.2%.
