CarGurus focused on tackling challenges in wholesale operations

CarGurus chief executive officer Jason Trevisan said the company’s third-quarter financial metrics “fell short of the low end of our guidance range” as the company did not adapt its wholesale operations to what Trevisan described as “rapidly evolving macro market challenges.”

He said the shortfall was driven exclusively by the company’s digital wholesale business.

However, the comapny is  “maniacally focused on fixing those issues and serving our wholesale customers well” …