Rajat Gupta
JPMorgan Chase & Co, Research Division

Thanks, everyone, for joining. My name is Rajat Gupta, member of the Automotive Equity Research team at JPMorgan. Very pleased to have with us today, CEO of CarGurus, Jason Trevisan. I'll go through like a few quick questions with Jason. We'll keep opening it up to the audience in between? Or you could also just send your questions through the online portal, and I'll ask anonymously. So with that, Jason, thank you for being here.

Jason Trevisan
CEO, CFO, Interim Principal Financial & Accounting Officer, Treasurer & Director

Thanks for having me.

Rajat Gupta
JPMorgan Chase & Co, Research Division

We'll get right into it here. So start with like a softball. Maybe just start with some of your new product rollouts. Can you walk us through some of the new and existing products? You've rolled out a ton over the last few months, quarters? What are you most excited about? Let's just start there.

Jason Trevisan
CEO, CFO, Interim Principal Financial & Accounting Officer, Treasurer & Director

Sure. So we have described the -- through our customer lenses, the dealer workflow, we serve both the auto dealers as well as car shopping consumers.

On the auto dealer side, we've defined four pillars of workflow areas that they have. And we've historically operated in one, which is marketing, but there are three others that are very important to dealers. One is inventory another is converting the leads to sales and another is marketing competitive intelligence or data