CarGurus Inc expected to post earnings of 28 cents a share - Earnings Preview

CarGurus

08/05/2024 03:24

* CarGurus Inc  CARG.OQ   CARG.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Cambridge Massachusetts-based  company is expected to
report
a 6.5% decrease in revenue to $216.81 million from $231.96
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on February
26 2024, for the period ended March 31, was for revenue between
$201.00 million and $221.00 million.
    * ​LSEG's mean analyst estimate for CarGurus Inc is for
earnings
of 28 cents per share. The company's EPS guidance on February 26
2024, for the period ended March 31, was between $0.24 and
$0.29 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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
$26.00​, above​ its last closing price of $22.61. ​​​

The company's guidance on February 26 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD201 million and USD49 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.34        0.34       0.35      Beat    4.1
 Sep. 30 2023  0.26        0.26       0.34      Beat    30.3
 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.        0.11        0.10       0.22      Beat    121.8
 31 2022                                                
 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
 This summary was machine generated May 8 at 02:23 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)