CarGurus: The Bullish Thesis Has Not Changed At All [Seeking Alpha]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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US:NASDAQ Investor Relations:
investors.cargurus.com/investor-relations
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Source: Seeking Alpha
Summary Shares of CarGurus plummeted nearly 30% after the company reported Q4 results and issued guidance for 2020. Its revenue outlook of $664-670 million for next year implies a drastic slowdown to ~14% revenue growth, versus 25% this quarter. However, the main driver is that the company has decided to reduce ad load. This reduces revenue from consumers browsing the website, while strengthening the subscription business for the long term. CarGurus is attractively valued at ~4x forward revenues. It didn't take very long for CarGurus ( CARG Rather than fleeing this stock, however, I believe the situation requires a second look. Is CarGurus' guidance really as bad as it seems? This is the revenue outlook that sent investors running for the hills: Figure 1. FY20 Guidance Update Source: CarGurus 4Q19 earnings release CarGurus is forecasting FY20 revenue of $664-670 million, representing a growth range of 13-15% y/y over FY19 revenues of $588.9 million. This is a shock in two regards: fir
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CARG
News
- CarGurus To Report First Quarter 2024 Financial ResultsGlobeNewswire
- CarGurus, Inc. (NASDAQ: CARG) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- The five-year shareholder returns and company earnings persist lower as CarGurus (NASDAQ:CARG) stock falls a further 4.2% in past week [Yahoo! Finance]Yahoo! Finance
- CarGurus: Repositioned For Growth [Seeking Alpha]Seeking Alpha
- ApartmentAdvisor Releases Best Cities for College Grads for 2024 [Yahoo! Finance]Yahoo! Finance
CARG
Earnings
- 2/26/24 - Beat
CARG
Sec Filings
- 4/17/24 - Form 4
- 4/16/24 - Form 144
- 4/12/24 - Form PRE
- CARG's page on the SEC website