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

CarGurus

09/08/2023 22:02

* CarGurus Inc  CARG.OQ  reported quarterly adjusted
earnings of
29 cents​​ per share for the quarter ended in June. The mean
expectation of twelve analysts for the quarter was for earnings
of 23 cents per share.
    * Revenue fell 53.1% to $239.74 million from a year ago;
analysts
expected $230.36 million. 
    * CarGurus Inc's reported EPS for the quarter was 12 cents​.
    * The mean earnings estimate of analysts had risen by
about 18.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * CarGurus Inc shares had fallen by 13.9% this quarter and
gained 39.1% so far this year.
    * The company reported quarterly net income of $19.01
million.
    * Wall Street's median 12-month price target for CarGurus
Inc is
$24.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.23           0.29           Beat
 Mar. 31 2023      0.17           0.26           Beat
 Dec. 31 2022      0.10           0.22           Beat
 Sep. 30 2022      0.26           0.21           Missed