CAMBRIDGE, Mass., March 26, 2018 /PRNewswire/ -- CarGurus,
Inc. (Nasdaq: CARG), a leading global online automotive
marketplace, today announced the appointment of Greg Schwartz to the company's Board of
Directors, effective March 22, 2018.
Schwartz is chief business officer of Zillow Group (Nasdaq:Z)
(Nasdaq:ZG), where he leads sales and B2B strategy across Zillow's
real estate, rental, mortgage and home improvement marketplaces.
Greg joined Zillow in 2007 and built the sales and revenue
operations from the ground up. He brings more than twenty years of
experience driving innovative business models in the media and
internet industries.
"I have long admired Greg for his leadership at Zillow, and I am
thrilled to welcome him to our Board of Directors," said CarGurus
Founder, CEO and Chairman, Langley Steinert. "Greg's experience
driving innovative marketplace business models and growing revenue
and sales channels is highly relevant to our business, and his
knowledge will be a great asset to the Board."
"CarGurus' emergence as the nation's most visited online
automotive marketplace is a story of bold vision, technology
innovation and strong leadership," said Schwartz. "I am deeply
honored to join the CarGurus Board of Directors, and I look forward
to working closely with Langley and the other Board members to help
support the company's next chapter of growth."
Before joining Zillow, Greg was Vice President of Advertising
Sales at CNNMoney, where he launched the advertising sales team and
platform. He also served as national accounts director for Yahoo's
Automotive and Finance properties and held multiple positions at
DoubleClick, Inc., including director of business development. Greg
was named by Inman News as one of the 100 Most Influential Real
Estate Leaders in 2013. In addition, he was named to Swanepoel's
Power 200, a list of the 200 most powerful people in residential
real estate.
Greg has been on the boards of directors for the Woodland Park
Zoo, Seeking Alpha and Pike13 and is a Policy Advisory Board Member
for Harvard University Joint Center for
Housing Studies. Greg earned a Bachelor of Arts in Government from
Hamilton College.
CarGurus also announced that David
Parker has retired from the Board effective March 22, 2018. David is currently CEO of
Entrepreneurship for All, a non-profit based in Lowell, Ma. "On behalf of the Board of
Directors and management, I would like to thank David for his
eleven years of dedicated service. He has contributed invaluable
leadership and insight during his tenure, for which I am extremely
grateful," stated Steinert.
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. In addition to the United States, CarGurus operates online
marketplaces in Canada, the
United Kingdom and Germany. To learn more about CarGurus, visit
www.cargurus.com.
CarGurus is a registered trademark of CarGurus, Inc.
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 attractiveness of our product offerings and platform and
the value proposition of our products, are forward-looking
statements. The words "anticipate," "believe," "continue,"
"estimate," "expect," "intend," "guide," "may," "will" and similar
expressions and their negatives are intended to identify
forward-looking statements. We have based these forward-looking
statements largely 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 operate in compliance with
applicable laws as well as other risks and uncertainties set forth
in the "Risk Factors" section of our form 10-K filing on
March 1, 2018 and subsequent reports
that we file with the Securities and Exchange Commission.
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