CarGurus Inc reports results for the quarter ended December 31 - Earnings Summary

CarGurus

21/02/2025 05:07

* CarGurus Inc  CARG.OQ  reported quarterly adjusted
earnings of
55 cents​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of 35 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 52 cents per share. Wall Street
expected results to range from 45 cents to 56 cents per share.
    * Revenue rose 2.4% to $228.54 million from a year ago;
analysts
expected $232.51 million. 
    * CarGurus Inc's reported EPS for the quarter was 43 cents​.
    * The company reported quarterly net income of $45.88
million.
    * CarGurus Inc shares had risen by 2.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for CarGurus Inc is
$41.00 
This summary was machine generated from LSEG data February 21 at
05:06 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.52           0.55           Beat
 Sep. 30 2024      0.42           0.45           Beat
 Jun. 30 2024      0.33           0.41           Beat
 Mar. 31 2024      0.28           0.32           Beat