CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform
for shopping, buying, and selling new and used vehicles1, today
announced the appointment of Ismail Elshareef as Chief Product
Officer (CPO), effective February 1, 2024. With over 20 years of
experience building highly engaging consumer transaction products
and value-added solutions for small and midsize businesses (SMBs),
Elshareef will lead CarGurus’ product strategy and roadmap with a
focus on driving value to consumers, dealers, and the overall
business.
“We believe Ismail’s marketplace expertise across subscription
and transaction-based models will play a critical role in our work
to evolve our platform into a powerful transaction-enabled
destination supporting both consumers and dealers,” said Jason
Trevisan, Chief Executive Officer of CarGurus. “His unwavering
focus on the customer and commitment to driving change through
collaboration and transparency reflects our core values and will be
invaluable as we work toward our goals for continued
innovation.”
Elshareef joins CarGurus with extensive product experience
spanning established consumer brands, including Ticketmaster and
sports media platform OneFootball, to growing software as a service
(SaaS) providers such as UpKeep, an asset operations management
solution serving SMBs. Prior to his role at CarGurus, he was CPO
for OneFootball, a global sports media company covering 200 soccer
leagues, where he played a key role in rebuilding team processes
and refining strategy to accelerate growth. Before that, he led
product, engineering, and infrastructure as CPO at UpKeep. He also
held leadership positions at Ticketmaster, as Senior Vice President
for Consumer Products, and at automotive shopping platform
Edmunds.com as Executive Director, Open Platform. Elshareef has
completed advanced executive education from Northwestern
University's Kellogg School of Management. He also holds a Master
of Science degree in electrical engineering from California State
University and a Bachelor of Science in computer engineering from
King Fahd University of Petroleum & Minerals.
“I am inspired by the opportunity to join CarGurus during a time
when the team is innovating solutions that integrate with its
well-established marketplace platform to answer rising needs in the
market — both from consumers and dealers," added Elshareef. “I’m
thrilled to join the team and play a role in bringing this
customer-centric vision to life.”
About CarGurus, Inc.
CarGurus (Nasdaq: CARG) is a multinational, online automotive
platform for buying and selling vehicles that is building upon its
industry-leading listings marketplace with both digital retail
solutions and the CarOffer online wholesale platform. The CarGurus
platform gives consumers the confidence to purchase and/or sell a
vehicle either online or in-person, and it gives dealerships the
power to accurately price, effectively market, instantly acquire
and quickly sell vehicles, all with a nationwide reach. The company
uses proprietary technology, search algorithms and data analytics
to bring trust, transparency, and competitive pricing to the
automotive shopping experience. CarGurus is the most visited
automotive shopping site in the U.S. 1
CarGurus also operates online marketplaces under the CarGurus
brand in Canada and the United Kingdom. In the United States and
the United Kingdom, CarGurus also operates the Autolist and
PistonHeads online marketplaces, respectively, as independent
brands.
To learn more about CarGurus, visit www.cargurus.com, and for
more information about CarOffer, visit www.caroffer.com.
CarGurus® is a registered trademark of CarGurus, Inc., and
CarOffer® is a registered trademark of CarOffer, LLC. All other
product names, trademarks and registered trademarks are the
property of their respective owners.
1 Similarweb: Traffic Insights, Q3 2023, U.S.
Cautionary Language Concerning Forward-Looking
Statements
This press release includes forward-looking statements. Other
than statements of historical facts, all statements contained in
this press release, including statements relating to our business
activities, our strategy and plans, the potential of our business
performance, and the expected benefits from Elshareef’s appointment
as Chief Product Officer, are forward-looking statements. The words
“aim,” “anticipate,” “believe,” “could,” “expect,” “goal,”
“intend,” “may,” “might,” “plan,” “potential,” “should,” “will,”
“would,” 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. You should not place undue
reliance on these statements.
These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results to differ
materially from those reflected in such statements, including risks
related to our growth and our ability to grow our revenue; our
relationships with dealers; competition in the markets in which we
operate; market growth; our ability to innovate; our ability to
realize benefits from our acquisitions and successfully implement
the integration strategies in connection therewith; global supply
chain challenges, increased inflation and interest rates, and other
macroeconomic issues; the material weakness identified in our
internal controls over financial reporting; changes in our key
personnel; natural disasters, epidemics, or pandemics; and our
ability to operate in compliance with applicable laws, as well as
other risks and uncertainties as may be detailed from time to time
in our Annual Reports on Form 10-K and Quarterly Reports on Form
10-Q and other reports we file with the U.S. Securities and
Exchange Commission. Moreover, we operate in very competitive and
rapidly changing environments. 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 that 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.
Media Contact:Maggie MeluzioDirector, Public
Relations & External Communicationspr@cargurus.com
Investor Contact:Kirndeep SinghVice President,
Investor Relationsinvestors@cargurus.com
CarGurus (NASDAQ:CARG)
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CarGurus (NASDAQ:CARG)
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