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

CarGurus

08/08/2022 23:02

* CarGurus Inc  CARG.OQ  reported quarterly adjusted
earnings of
32 cents​​ per share for the quarter ended in June. The mean
expectation of thirteen analysts for the quarter was
for earnings of 31 cents per share.
    * Revenue rose 134.8% to $511.23 million from a year ago;
analysts
expected $505.85 million. 
    * CarGurus Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * CarGurus Inc shares had risen by 19.5% this quarter and
lost 23.6% so far this year.
    * The company reported a quarterly loss of $10.34 million.
    * Wall Street's median 12-month price target for CarGurus
Inc is
$36.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 8
at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.31           0.32           Beat
 Mar. 31 2022      0.35           0.36           Beat
 Dec. 31 2021      0.30           0.43           Beat
 Sep. 30 2021      0.32           0.38           Beat