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

CarGurus

26/02/2024 22:00

* CarGurus Inc  CARG.OQ  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 22 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 22 cents to 37 cents per share.
    * Revenue fell 22.2% to $223.12 million from a year ago;
analysts
expected $220.05 million. 
    * CarGurus Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $23.74 million.
    * CarGurus Inc shares had fallen by 1.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for CarGurus Inc is
$26.00 
This summary was machine generated from LSEG data February 26 at
10:00 p.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 2023      0.34           0.35           Beat
 Jun. 30 2023      0.23           0.34           Beat
 Jun. 30 2023      0.23           0.29           Beat
 Mar. 31 2023      0.10           0.26           Beat