Cargurus completes acquisition of caroffer

Cambridge, mass., jan. 14, 2021 (globe newswire) -- cargurus (nasdaq: carg), a leading global online automotive marketplace, today announced it has completed the acquisition of a 51% interest in caroffer, with the ability to buy the remaining equity interest in the company over the next three years. the acquisition adds wholesale vehicle acquisition and selling capabilities to cargurus' portfolio of dealer offerings. caroffer was founded by auto industry veteran, bruce thompson, who will continue to lead the caroffer brand and team from their plano, texas location.
CARG Ratings Summary
CARG Quant Ranking