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

CarGurus

09/05/2024 22:40

* CarGurus Inc  CARG.OQ  reported quarterly adjusted
earnings of
32 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 26 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 28 cents per share. Wall Street
expected results to range from 24 cents to 34 cents per share.
    * Revenue fell 7% to $215.80 million from a year ago;
analysts
expected $216.81 million. 
    * CarGurus Inc's reported EPS for the quarter was 20 cents​.
    * The company reported quarterly net income of $21.3
million.
    * CarGurus Inc shares had fallen by 4.0% this quarter and
lost 8.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for CarGurus
Inc is
$26.00 

This summary was machine generated from LSEG data May 9 at 09:40
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
 Mar. 31 2024      0.28           0.32           Beat
 Dec. 31 2023      0.34           0.35           Beat
 Sep. 30 2023      0.26           0.34           Beat
 Jun. 30 2023      0.23           0.29           Beat