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) • 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
- CarGurus To Report Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 07/18/2024 08:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:07:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/16/2024 08:35:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:32:36 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/17/2024 03:13:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:05:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:03:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:02:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:59:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:55:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:53:49 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM
Mawson Finland Provides Update on Exploration Activities at Rajapalot • MFL • Aug 21, 2024 9:06 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM