CarGurus Inc expected to post earnings of 24  cents a share - Earnings Preview

CarGurus

02/08/2023 03:06

* CarGurus Inc  CARG.OQ   CARG.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 3. 
    * The Cambridge Massachusetts-based  company is expected to
report
 a 54.9% decrease in revenue to $230.356 million from $511.23
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. The company's guidance on May
9 2023, for the period ended June 30, was for revenue between
$220.00 million and $240.00 million.
    * ​Refinitiv's mean analyst estimate for CarGurus Inc is for
earnings of 24 cents per share. The company's EPS guidance on
May 9 2023, for the period ended June 30, was between $0.22 and
$0.25 
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CarGurus
Inc is
$24​, above​ its last closing price of $22.28. ​​​

The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD220 million and USD42 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  
 Mar. 31 2023  0.17        0.17       0.26      Beat    54.4
 Dec. 31 2023  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.        0.36        0.35       0.36      Beat    3.8
 31 2022                                                
 Dec. 31 2021  0.30        0.30       0.43      Beat    42.9​
 Sep. 30 2021  0.33        0.32       0.38      Beat    17.3
 Jun. 30 2021  0.25        0.25       0.41      Beat    65.2
 This summary was machine generated August 2 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated