Wednesday, May 10, 2023

CarGurus Q1 net income down; digital wholesale revenue nose-dives

CarGurus Q1 net income down; digital wholesale revenue nose-dives https://ift.tt/E1FzO4h

The company's digital wholesale division, which includes trading platform CarOffer, saw a higher loss and a major drop in revenue, but CarGurus CEO Jason Trevisan said executives have taken steps to stabilize the business.

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