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Although the revenue and EPS for CarGurus (CARG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CarGurus (CARG) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.29 per share a year ago.
CarGurus Inc. shares rallied more than 10% in the after-hours session Thursday after the online car-sales platform posted better-than-expected quarterly results and an adjusted profit guidance that was also above forecast.
Q2'24 Marketplace revenue accelerated to 14% YoY, marking the third consecutive quarter of double-digit growth Consolidated GAAP Net Loss of $68.7 million1; Non-GAAP Adjusted EBITDA of $55.6 million, up 23% YoY Repurchased $61 million worth of shares in 2Q'24, representing 2.5% of our outstanding capital CAMBRIDGE, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No.
Beyond analysts' top -and-bottom-line estimates for CarGurus (CARG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
CarGurus (CARG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CAMBRIDGE, Mass., July 18, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the second quarter ended June 30, 2024, after the close of the market on August 8, 2024.
I wasn't keen on writing about used car stocks to buy. But then I read an article from early June in the Wall Street Journal that was an interesting take on used car sales.
CarGurus is poised for a rebound as the company has turned around its marketplace business. It is now back to growing paid dealership counts, after several quarters of decline. User traffic is also rebounding, especially as CarGurus improves its available car inventory shown on the site.
CarGurus mid-year analysis finds sedans, electric vehicles, and 2023 models offer biggest opportunities on the road toward affordability CAMBRIDGE, Mass., June 20, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.