CarGurus Inc expected to post earnings of 17  cents a share - Earnings Preview

CarGurus

06/05/2023 03:04

* CarGurus Inc  CARG.OQ   CARG.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9. 
    * The Cambridge Massachusetts-based  company is expected to
report
 a 51.8% decrease in revenue to $207.738 million from $430.61
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. The company's guidance on
February 28 2023, for the period ended March 31, was for revenue
between $195.00 million and $215.00 million.
    * ​Refinitiv's mean analyst estimate for CarGurus Inc is for
earnings of 17 cents per share. The company's EPS guidance on
February 28 2023, for the period ended March 31, was between
$0.17 and $0.19 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months. ​
    * Wall Street's median 12-month price target for CarGurus
Inc is
$20​, above​ its last closing price of $16.16. ​​​

The company's guidance on February 28 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD195 million and USD27 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.11        0.10       0.22      Beat    121.8
 Sep. 30 2022  0.25        0.26       0.21      Missed  -18
 Jun. 30 2022  0.31        0.31       0.32      Beat    3.2​
 Mar. 31 2022  0.36        0.35       0.36      Beat    3.8
 ​​Dec.        0.30        0.30       0.43      Beat    42.9
 31 2021                                                
 Sep. 30 2021  0.33        0.32       0.38      Beat    17.3​
 Jun. 30 2021  0.25        0.25       0.41      Beat    65.2
 Mar. 31 2021  0.22        0.22       0.33      Beat    50.3
 This summary was machine generated May 6 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated