CAMBRIDGE, Mass., March 26, 2019 /PRNewswire/ -- CarGurus
(Nasdaq: CARG), a leading global automotive marketplace, today
announced that Spencer Scott has
joined the company as SVP of Advertising and Digital Marketing
Solutions. In this role, he will oversee CarGurus' global
advertising business, as well as global strategy for the company's
growing suite of digital marketing products for dealerships. Prior
to joining CarGurus, Spencer led Publisher's Clearing House revenue
and media business, and previously served as Chief Revenue Officer
at Fiksu.
"I am thrilled to welcome Spencer to the CarGurus team,"
said Sam Zales, President and COO of
CarGurus. "Spencer not only brings deep media and advertising
technology experience, but also has a proven track record of
leading revenue expansion at high-growth digital marketing
companies. He will be a tremendous addition to our company as we
continue to build our advertising and digital solutions business
globally."
"CarGurus' audience is now unmatched in the U.S. and growing
fast internationally, and that creates new opportunity to deliver
even more value to our dealers, OEMs and industry partners," said
Spencer Scott, SVP of Advertising
and Digital Marketing Suite. "I am excited to join this talented
team as we continue to innovate and grow our advertising
business."
Globally, more than 31,000 dealers subscribed to CarGurus' paid
listings products as of the end of Q4 2018. The company also offers
a suite of digital marketing solutions for dealerships, including
display, retargeting and paid search offerings designed to help
dealers efficiently engage shoppers and market their inventory or
dealership brand. CarGurus also sells advertising to dealerships,
OEMs and other industry partners.
About Spencer Scott
Prior to joining CarGurus, Spencer was Head of Revenue and Media
Platforms at Publisher's Clearing House, a direct marketing
company. Before joining there, he served as Chief Revenue Officer
at Fiksu, a mobile-focused marketing technology company. Prior to
Fiksu, Spencer also held leadership roles at One Screen and
Adverplex (now Cogo Labs). He holds a B.S. from Boston University and will obtain an M.B.A. from
the Sloan School of Management at
Massachusetts Institute of Technology
in May 2019.
About CarGurus
Founded in 2006, CarGurus (Nasdaq: CARG) is a global,
online automotive marketplace connecting buyers and sellers of new
and used cars. The company uses proprietary technology, search
algorithms and data analytics to bring trust and transparency to
the automotive search experience and help users find great deals
from top-rated dealers.
CarGurus is the largest automotive shopping site in the
U.S. by unique monthly visitors (source: Comscore Media Metrix®
Multi-Platform, Automotive – Information/Resources, Total
Audience, Q4 2018, U.S. (Competitive set includes: CarGurus.com,
Autotrader.com, Cars.com, TrueCar.com)). It is also the
fastest growing auto shopping site in the UK among its nearest
competitors (source: Comscore MMX®
Multi-Platform, Custom-defined list includes Cargurus.co.uk,
Motors.co.uk, AutorTrader.co.uk, Pistonheads.com, Gumtree.com,
Percent Change in average unique monthly visitors from Q4 2017 to
Q4 2018, UK). In 2019, CarGurus acquired UK-based PistonHeads.com,
which it operates as an independent brand. In addition to the
United States and the United
Kingdom, CarGurus operates online marketplaces
in Canada, Germany, Italy, and Spain.
To learn more about CarGurus,
visit www.CarGurus.com.
© 2019 CarGurus, Inc., All Rights Reserved.
Cautionary Language Concerning Forward-Looking
Statements
This press release includes forward-looking statements. All
statements contained in this press release other than statements of
historical facts, including, without limitation, statements
regarding Mr. Scott's expected contributions to our company, are
forward-looking statements. The words "anticipate," "believe,"
"continue," "estimate," "expect," "guide," "intend," "likely,"
"may," "will" and similar expressions and their negatives are
intended to identify forward-looking statements. We have based
these forward-looking statements on our current expectations and
projections about future events and financial trends that we
believe may affect our financial condition, results of operations,
business strategy, short-term and long-term business operations and
objectives and financial needs. These forward-looking statements
are subject to a number of risks and uncertainties, including,
without limitation, risks related to our rapid growth and ability
to sustain our revenue growth rate, our relationships with dealers,
competition in the markets in which we operate, market growth, our
ability to innovate and manage our growth, our ability to expand
effectively into new markets, our ability to realize benefits from
our acquisition of PistonHeads and successfully implement the
integration strategies in connection therewith, our ability to
operate in compliance with applicable laws as well as other risks
and uncertainties set forth in the "Risk Factors" section of our
Annual Report on Form 10-K, filed on February 28, 2019 with the Securities and
Exchange Commission (SEC), and subsequent reports that we file with
the SEC. Moreover, we operate in a very competitive and
rapidly changing environment. New risks emerge from time to time.
It is not possible for our management to predict all risks, nor can
we assess the impact of all factors on our business or the extent
to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any
forward-looking statements we may make. In light of these risks,
uncertainties and assumptions, we cannot guarantee future results,
levels of activity, performance, achievements or events and
circumstances reflected in the forward-looking statements will
occur. We are under no duty to update any of these forward-looking
statements after the date of this press release to conform these
statements to actual results or revised expectations, except as
required by law. You should, therefore, not rely on these
forward-looking statements as representing our views as of any date
subsequent to the date of this press release.
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SOURCE CarGurus