Where is CARWAVE located?

CARWAVE is headquartered in United States.

How many employees does CARWAVE have?

As of Jul 01, 2024, the latest employee count at CARWAVE is 94.

Is CARWAVE a funded company?

CARWAVE is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does CARWAVE rank among its competitors?

CARWAVE ranks 14th amongst 247 active competitors, of which 6 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Droom, which secured $3M in Mar, 2025.

Who are the top competitors of CARWAVE?

CARWAVE's top competitors include Droom, ACV Auctions and Copart. Among them, Droom secured the most recent funding round in March, 2025.

CARWAVE - 2026 Company Profile, Team & Competitors

Q: Is CARWAVE an acquired company?

CARWAVE got acquired by KAR Global on Oct 14, 2021.

CARWAVE is an acquired company based in United States, founded in 2009 by John Lauer. It operates as an Online automobile auction platform. The company has 247 active competitors, including 6 funded and 23 that have exited. Its top competitors include companies like Droom, ACV Auctions and Copart.

Company Details

CARWAVE is an online auction platform for auto dealers. It provides hassle-free auction for both buyers and sellers with no bad run numbers, no sabotaged cars, no shipping costs, no inspection fees, and no seller fees for vehicles.

Website: carwave.com
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Key Metrics

Founded Year

2009

Location

United States

Stage

Acquired

Ranked

14^th among 247 active competitors

Employee Count

94 as on Jul 01, 2024

Similar Companies

Gaadi & 333 more

Exit Details

Acquired by KAR Global (Oct 14, 2021)

View CARWAVE's full profile

CARWAVE got acquired by KAR Global on Oct 14, 2021 at an acquisition amount of $*****.

Click here to take a look at CARWAVE's acquisition in detail

CARWAVE has not raised any funding rounds yet.

The founders of CARWAVE is John Lauer.

Here are the details of CARWAVE's key team members:

John Lauer: Co-Founder of CARWAVE and founder of 1 other company.
Contact Info: 1 email address

View details of CARWAVE's Founder profiles and Board Members

CARWAVE's employee count trend

CARWAVE has 94 employees as of Jul 24. Here is CARWAVE's employee count trend over the years:

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Top competitors of CARWAVE include Droom, ACV Auctions and Copart. Here is the list of Top 10 competitors of CARWAVE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Droom 2014, Gurugram (India), Series G	Online retailer of used and new automobiles, plus related services	$344M	Digital Garage, Toyota Tsusho & 67 others	74/100
2nd	ACV Auctions 2014, Buffalo (United States), Series E	Online marketplace providing auction services for used vehicles to licensed dealers	$350M	Bessemer Venture Partners, Tribeca Venture Partners ... & 17 others	73/100
3rd	Copart 1982, Dallas (United States), Public	Online marketplace for used and salvaged vehicles	$1.1M	-	72/100
4th	Openlane 1999, Redwood City (United States), Acquired	Online used cars auction platform	$75M	Meritech, August Capital & 5 others	65/100
5th	CarLotz 2011, Charlotte (United States), Acquired	Online P2P consignment-based car trading platform	$37M	TRP, Capital Q Ventures & 1 others	64/100
6th	Manheim 1945, Atlanta (United States), Unfunded	Provider of used vehicle services and marketplace for vehicle exchange	-	-	64/100
7th	EBlock 2016, Burlington (United States), Funding Raised	Outright buyer for pre-owned cars	-	Intercap	52/100
8th	ADESA 1991, Indianapolis (United States), Acquired	Automotive auction and remarketing services provider	-	-	51/100
9th	Drivin Dealer 2015, Chicago (United States), Acquired	Optimizing dealer inventory with data-driven vehicle recommendations and market insights	$17.5M	Lightbank, Columbus Nova Technology Partners	48/100
10th	ACV Auto 2015, Buffalo (United States), Public	Automotive digital marketplaces and data services for dealers	-	-	43/100
14th	CARWAVE 2009, United States, Acquired	Online automobile auction platform	-	-	39/100