Acquired by CarGurus
CarOffer is the automotive industry’s first instant dealer-to-dealer exchange platform that harnesses the power of its ‘network effect’ and technology assets to enable buyers and sellers to instantly monetize vehicles based on dealer-specific parameters. Since its 2019 launch, CarOffer experienced exceptional growth, with more than 2,000 dealership rooftops installed and over $1,400m in run-rate merchandise and service transactions.
Note: Executed by Cowen employees while at Portico Capital Advisors.