CarGurus, Inc. announced the rollout of CarGurus Instant Max Cash Offer to five additional states – Nevada, Utah, New Mexico, Colorado, and Washington. The offering, which allows consumers to seamlessly sell their cars online, is now available in 32 states in addition to Washington D.C., covering approximately 85% of the country's population. CarGurus Instant Max Cash Offer is the only platform of its kind to combine the power of CarGurus' 31 million unique average monthly visitors in the U.S. with CarOffer's automotive wholesale bid system.

The solution allows consumers to present their vehicle for sale online and instantly receive the highest bid from a network of thousands of dealers across the country. Once the consumer accepts the offer and uploads the necessary documentation, they are able to schedule a pick-up for their car, allowing them to complete the sale process fully from home. For dealers, this provides a new inventory acquisition channel of vehicles from across the country during a time when they are facing challenges to get vehicles on their lots.