CarGurus Inc expected to post earnings of 26  cents a share - Earnings Preview

CarGurus

04/11/2023 02:34

* CarGurus Inc  CARG.OQ   CARG.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The Cambridge Massachusetts-based  company is expected to
report
 a 49.4% decrease in revenue to $215.971 million from $426.45
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data. The company's guidance on August 9
2023, for the period ended September 30, was for revenue between
$201.00 million and $221.00 million.
    * ​Refinitiv's mean analyst estimate for CarGurus Inc is for
earnings of 26 cents per share. The company's EPS guidance on
August 9 2023, for the period ended September 30, was between
$0.24 and $0.27 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"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
$22​, above​ its last closing price of $18.67. ​​​

The company's guidance on August 9 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD201 million and
USD44 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  
 Jun. 30 2023  0.24        0.23       0.29      Beat    23.5
 Mar. 31 2023  0.17        0.17       0.26      Beat    54.4
 Dec. 31 2022  0.11        0.10       0.22      Beat    121.8​
 Sep. 30 2022  0.25        0.26       0.21      Missed  -18
 ​​Jun.        0.31        0.31       0.32      Beat    3.2
 30 2022                                                
 Mar. 31 2022  0.36        0.35       0.36      Beat    3.8​
 Dec. 31 2021  0.30        0.30       0.43      Beat    42.9
 Sep. 30 2021  0.33        0.32       0.38      Beat    17.3
 This summary was machine generated November 4 at 02:34 GMT.  All
figures in US dollars  unless otherwise stated