CARG Stock Recent News

CAMBRIDGE, Mass., May 28, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to participate in a fireside chat at William Blair's 44th Annual Growth Stock Conference on Tuesday, June 4, 2024 at 2:20 PM ET.

CAMBRIDGE, Mass., May 10, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to participate in a fireside chat at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on Monday, May 20, 2024 at 1:50 PM ET.

CarGurus, Inc. (NASDAQ:CARG ) Q1 2024 Earnings Call Transcript May 9, 2024 5:00 PM ET Company Participants Kirndeep Singh - VP, Head of IR Jason Trevisan - CEO Elisa Palazzo - President and COO Sam Zales - CFO Conference Call Participants Marvin Fong - BTIG Jed Kelly - Oppenheimer & Company Rajat Gupta - JPMorgan John Colantuoni - Jefferies Naved Khan - B. Riley Tom White - D.A.

Although the revenue and EPS for CarGurus (CARG) give a sense of how its business performed in the quarter ended March 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 $0.32 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.26 per share a year ago.

CarGurus (CARG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

CAMBRIDGE, Mass., April 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 first quarter ended March 31, 2024, after the close of the market on May 9, 2024.

CarGurus is a solid turnaround name that is insulated from market volatility and has a reasonable valuation. The company is the #1 site for used car research in the U.S. and has seen re-accelerating growth and strong traffic results. Improved profitability in its wholesale subsidiary, CarOffer, has substantially lifted the stock's adjusted EBITDA profile.

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run rampant.

Some businesses could soon see the bullish side effects of a resilient consumer amongst the pretext of potential interest rate cuts coming this year from the FED. According to the FedWatch tool at the CME Group NASDAQ: CME, these pivots could be coming as soon as May of this year.