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

CarGurus

09/05/2022 23:01

* CarGurus Inc  CARG.OQ  reported quarterly adjusted
earnings of
36 cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for earnings
of 35 cents per share.
    * Revenue rose 151.3% to $430.61 million from a year ago; 
analysts expected $403.12 million. 
    * CarGurus Inc's reported EPS for the quarter was a loss
of 53
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.3%
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 fallen by 25.2% this quarter and
lost 5.6% so far this year.
    * The company reported a quarterly loss of $62.09 million.
    * Wall Street's median 12-month price target for CarGurus
Inc is
$52.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 9 at 10:01 p.m.  ​All
figures in US dollars unless otherwise stated