CAMBRIDGE, Mass., Oct. 03, 2022 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), a multinational, on-line automotive platform for purchasing and promoting automobiles, right this moment introduced its number of Amazon Web Services, Inc. (AWS) as its world cloud infrastructure supplier. Under the multi-year deal, CarGurus will leverage AWS’s confirmed infrastructure and portfolio of companies to assist product innovation and growth within the on-line car-shopping course of, which is able to proceed to present folks the facility to succeed in their vacation spot.
Millions of individuals go to CarGurus each month to purchase or promote their automotive. By leveraging AWS’s confirmed world infrastructure, CarGurus is investing in a greater and extra modern shopper expertise. With the AWS collaboration, web site guests can anticipate to expertise efficiency enhancements, with automotive searches already performing quicker than earlier than. CarGurus’ inside growth groups may also have extra flexibility in delivering merchandise and options to finish clients with faster and safer deployment.
Harnessing the facility of AWS’s compute, storage, database, analytics, and safety capabilities, will assist CarGurus allow new product growth. Ultimately, customers ought to have a quicker and improved expertise on the CarGurus web site, and inside engineering groups could have the agility to experiment and innovate to ship higher-quality services and products.
“As CarGurus becomes the online destination for buying or selling a car, their decision to use AWS as their global cloud infrastructure partner will enable additional flexibility and continuous innovation,” mentioned Wendy Bauer, General Manager, Automotive at AWS. “We look forward to continuing to work with CarGurus as they harness the power of AWS and create a better online car-shopping experience.”
“Migrating to AWS provides our teams with more agility and flexibility, allowing us to rapidly scale to meet our business growth goals and increasing customer demand,” mentioned Matt Quinn, Chief Technology Officer of CarGurus. “AWS also provides our engineering team with many exciting new technology options that will help unlock our ability to experiment and innovate so CarGurus can give everyone the power to reach their destination.”
About CarGurus
CarGurus (Nasdaq: CARG) is a multinational, on-line automotive platform for purchasing and promoting automobiles that’s constructing upon its industry-leading listings market with each digital retail options and the CarOffer on-line wholesale platform. The CarGurus market offers customers the boldness to buy or promote a automobile both on-line or in-person, and it offers dealerships the facility to precisely value, successfully market, immediately purchase and shortly promote automobiles, all with a nationwide attain. The firm makes use of proprietary expertise, search algorithms and knowledge analytics to deliver belief, transparency, and aggressive pricing to the automotive buying expertise. CarGurus is essentially the most visited automotive buying web site within the U.S. (supply: Comscore Media Metrix® Multi-Platform, Automotive – Information/Resources, Total Visits, Q2 2022, U.S.).
CarGurus additionally operates on-line marketplaces below the CarGurus model in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus additionally operates the Autolist and PistonHeads on-line marketplaces, respectively, as impartial manufacturers.
To study extra about CarGurus, go to www.cargurus.com, and for extra details about CarOffer, go to www.caroffer.com.
CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All different product names, emblems and registered emblems are property of their respective house owners.
© 2022 CarGurus, Inc., All Rights Reserved.
Cautionary Language Concerning Forward-Looking Statements
This press launch contains forward-looking statements. All statements contained on this press launch aside from statements of historic information, together with, with out limitation, statements concerning our expectations for our AWS collaboration and funding, as effectively as our business and technique, are forward-looking statements. The phrases “anticipate,” “believe,” “continue,” “estimate,” “expect,” “guide,” “intend,” “likely,” “may,” “will” and comparable expressions and their negatives are supposed to establish forward-looking statements. We have based mostly these forward-looking statements on our present expectations and projections about future occasions and monetary traits that we consider might have an effect on our monetary situation, outcomes of operations, business technique, short-term and long-term business operations and goals and monetary wants. These forward-looking statements are topic to quite a lot of dangers and uncertainties, together with, with out limitation, dangers associated to: our progress and skill to develop our income; {our relationships} with sellers; competitors within the markets wherein we function; market progress; our potential to innovate; our potential to appreciate advantages from our acquisitions and efficiently implement the mixing methods in connection therewith; pure disasters, epidemics or pandemics, like COVID-19 that has negatively impacted our business; world provide chain challenges, the semiconductor chip scarcity and different macroeconomic points; the fabric weak spot recognized in our inside controls over monetary reporting; modifications in our key personnel; our potential to function in compliance with relevant legal guidelines, as effectively as different dangers and uncertainties as could also be detailed every so often in our Annual Reports on Form 10-Okay and Quarterly Reports on Form 10-Q and different studies we file with the Securities and Exchange Commission. Moreover, we function in very aggressive and quickly altering environments. New dangers emerge every so often. It will not be potential for our administration to foretell all dangers, nor can we assess the impression of all elements on our business or the extent to which any issue, or mixture of things, might trigger precise outcomes to vary materially from these contained in any forward-looking statements we might make. In gentle of those dangers, uncertainties and assumptions, we can’t assure that future outcomes, ranges of exercise, efficiency, achievements or occasions and circumstances mirrored within the forward-looking statements will happen. We are below no obligation to replace any of those forward-looking statements after the date of this press launch to evolve these statements to precise outcomes or revised expectations, besides as required by regulation. You ought to, subsequently, not depend on these forward-looking statements as representing our views as of any date subsequent to the date of this press launch.
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