The 9.4 million Class A share offering was priced above the proposed range of $13 to $15 per share.
The company reported a 70.1 percent jump in total revenue to $143.3 million for the six months ended June 30. Net income soared more than sixteen times to $8.6 million in the same period.
The company with an active network of over 40,000 dealers as of June 30, has operations in United States, Canada, United Kingdom and Germany.
The company, founded by Langley Steinert in 2006, has over 5.4 million car listings and about 61 million average monthly users in the U.S. as of June 30, becoming the most visited online automotive marketplace, according to a regulatory filing.
Goldman Sachs & Co, Allen & Co, RBC Capital Markets, JMP Securities, Raymond James & Associates and William Blair & Co are underwriters for the IPO.
Reporting by Roopal Verma in Bengaluru; Editing by Shounak Dasgupta
Our Standards:The Thomson Reuters Trust Principles.
Recent CARG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 08:36:21 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:32:59 PM
- CarGurus Appoints Jennifer Hanson as Chief People Officer • GlobeNewswire Inc. • 09/16/2024 01:00:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 09/11/2024 08:03:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:14:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 11:35:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 05:35:56 PM
- CarGurus Welcomes Mike O’Hanlon as Chief Revenue Officer • GlobeNewswire Inc. • 09/03/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/29/2024 08:09:37 PM
- CarGurus to Present at Citi’s 2024 Global TMT Conference • GlobeNewswire Inc. • 08/29/2024 08:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 06:35:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 08:08:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 10:07:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 06:00:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/16/2024 03:18:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 08:11:01 PM
- CarGurus Presents its 10th Annual Top Dealer Awards • GlobeNewswire Inc. • 08/14/2024 12:59:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 08:17:38 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/13/2024 05:17:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/12/2024 08:14:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/09/2024 08:32:48 PM
- Sweetgreen Rises 22% on Raised Forecasts, Doximity Jumps 30%, Rocket Lab Soars 14% on 71% Revenue Growth, and More • IH Market News • 08/09/2024 09:48:54 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:05:36 PM
- CarGurus Announces Second Quarter 2024 Results • GlobeNewswire Inc. • 08/08/2024 08:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:03:43 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM