CarGurus Inc (FRA:0C6)
€ 21.8 0 (0%) Market Cap: 2.26 Bil Enterprise Value: 2.21 Bil PE Ratio: 84.93 PB Ratio: 4.40 GF Score: 90/100

CarGurus Inc at UBS Technology Conference Transcript

Nov 28, 2023 / 09:15PM GMT
Release Date Price: €19.4 (+0.52%)
Kunal Madhukar
UBS Investment Bank, Research Division - Analyst

Good afternoon. My name is Kunal Madhukar. I'm the [small cap] tech analyst at UBS. Thank you all for joining us, and we're here to talk to Jason Trevisan, CEO of CarGurus. Jason, thank you for doing this.

Jason M. Trevisan
CarGurus, Inc. - CEO, Treasurer & Director

Thanks for having us.

Questions & Answers

Kunal Madhukar
UBS Investment Bank, Research Division - Analyst

One of the big surprises from this quarter was the -- you're advancing the acquisition of the remaining stake in CarOffer. Can you talk about like what led into that decision? And how are you going to kind of take it forward?

Jason M. Trevisan
CarGurus, Inc. - CEO, Treasurer & Director

Sure. So as a reminder for folks, we originally had a transaction structure with them where we would complete the acquisition in the summer of next year. And we made -- chose -- took the opportunity to accelerate that and to completing the

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