Financial PerformanceCARG delivered strong EBITDA on modestly better-than-expected marketplace revenue.
Product InnovationThe launch of PriceVantage, a machine-learning enhanced evolution of CARG's pricing tools, has shown a 5x improvement in turn times for the most engaged dealers compared to other marketplaces.
Revenue GrowthCarGurus reported better-than-expected results with total revenue of $239 million, which was above consensus expectations.