CarGurus founder Steinert to step down as CEO

CarGurus Inc. /zigman2/quotes/202384499/composite CARG -1.61% said late Thursday that its board of directors has appointed Jason Trevisan as the company's chief executive, with founder Langley Steinert becoming executive chairman. Steinert will "remain involved" in the running of company, focusing on longer-term strategy, the online car marketplace said, and continue to serve as board chair. Trevisan was CarGurus' chief financial officer. Scot Fredo, senior VP of financial planning and analysis, was promoted to CFO, CarGurus said. Shares of CarGurus were flat in the extended session after ending the regular trading day down 0.1%.

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CarGurus Inc. Cl A

US : U.S.: Nasdaq

$ 24.44

-0.40 -1.61%

Volume: 2.32M

March 4, 2021 4:00p

P/E Ratio

35.91

Dividend Yield

N/A

Market Cap

$2.90 billion

Rev. per Employee

$666,809