Baltimore, Md. (PRWEB) September 28, 2011
Inc. magazine today ranked CARCHEX NO. 2183 on its fifth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. CARCHEX, based out of Hunt Valley, Maryland, has now been featured on the list for the third consecutive year.
“We’re very excited that Inc. Magazine has recognized our growth as a company by honoring us for a third-straight appearance on the Inc. 5000,” CARCHEX CEO Jason Goldsmith said. “We believe that by delivering an excellent consumer experience and value that we will continue our pattern of growth, regardless of economic conditions.”
The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. CARCHEX joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
In a stagnant economic environment, median growth rate of 2011 Inc. 5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/5000.
"Now, more than ever, we depend on Inc. 5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.
Headquartered in Hunt Valley, Md., CARCHEX is the premier provider of Extended Auto Warranties and Mobile Vehicle Inspections. As the preferred partner to the most trusted names in the automotive industry, including Pat Goss of TV’s MotorWeek, Carfax and Kelley Blue Book, CARCHEX provides customized coverage plans allowing consumers whose factory warranties have expired to get the highest level of protection for their vehicles at the most competitive prices. A decade long commitment to protecting automotive consumers and providing exceptional customer service has translated into an A+ Rating with the Better Business Bureau. To learn more about CARCHEX and to Get Protected, visit http://www.CARCHEX.com.
About Inc. 500 | 5000
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (http://www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at http://www.inc.com.