CarGurus's (NASDAQ:CARG) Q1 Earnings Results: Revenue In Line With Expectations But Quarterly Guidance Underwhelms [Yahoo! Finance]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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Source: Yahoo! Finance
On the other hand, next quarter's revenue guidance of $212 million was less impressive, coming in 5.6% below analysts' estimates. It made a GAAP profit of $0.20 per share, improving from its profit of $0.10 per share in the same quarter last year. Is now the time to buy CarGurus? Find out in our full research report CarGurus (CARG) Q1 CY2024 Highlights: Revenue: $215.8 million vs analyst estimates of $216.8 million (small miss) EPS: $0.20 vs analyst estimates of $0.14 (45.1% beat) Revenue Guidance for Q2 CY2024 is $212 million at the midpoint, below analyst estimates of $224.5 million Gross Margin (GAAP): 81.1%, up from 66.8% in the same quarter last year Free Cash Flow of $17.83 million is up from -$17.89 million in the previous quarter Paying Dealers: 31,175, down 116 year on year Market Capitalization: $2.38 billion “We are pleased with our first quarter results, as we achieved sustained marketplace revenue acceleration, driven by double-digit QARSD growth and a
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News
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at DA Davidson from $22.00 to $25.50. They now have a "neutral" rating on the stock.MarketBeat
- CarGurus, Inc. (NASDAQ:CARG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CarGurus to Present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications ConferenceGlobeNewswire
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at JPMorgan Chase & Co. from $27.00 to $29.00. They now have an "overweight" rating on the stock.MarketBeat
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at Royal Bank of Canada from $26.00 to $27.00. They now have an "outperform" rating on the stock.MarketBeat
CARG
Earnings
- 5/9/24 - Beat
CARG
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 144
- 5/15/24 - Form 4
- CARG's page on the SEC website