CarGurus Highlights Growth and Valuation at Bank of America Conference
CarGurus, Inc. (CARG) Presents at Bank of America 2026 Global Technology Conference Transcript
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At the Bank of America 2026 Global Technology Conference, CarGurus, Inc. CEO Jason Trevisan emphasized the company's strong growth, with a 15% increase in Q1 year-over-year, and highlighted misconceptions about its valuation and performance in the online automotive sector.
- 01CarGurus experienced a 15% year-over-year growth in Q1.
- 02The company has achieved multiple years of double-digit growth driven by product innovation.
- 03EBITDA margins are strong, remaining in the 30% range.
- 04Earnings per share (EPS) growth from 2023 to 2025 is projected to exceed 50% CAGR.
- 05CarGurus is guiding for continued double-digit growth in 2026.
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During the Bank of America 2026 Global Technology Conference, Jason Trevisan, CEO of CarGurus, Inc., addressed the company's performance and market valuation. He noted that CarGurus has achieved a 15% growth in Q1 year-over-year, contributing to a track record of multiple years of double-digit growth. This success is attributed to ongoing product innovation and expansion. Trevisan highlighted the company's robust EBITDA margins, which are in the 30% range, and emphasized the significant growth in earnings per share (EPS), which is expected to grow at a compound annual growth rate (CAGR) exceeding 50% from 2023 to 2025. Looking ahead, CarGurus is guiding for continued double-digit growth in 2026, reinforcing its position as an attractive valuation within the online automotive sector and the broader internet market.
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