Buy The Fear In CarGurus [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
Company Research
Source: Seeking Alpha
Summary CARG stock fell ~25% due to lowered revenue guidance for FY2020; The drop is temporary and the stock is very likely to bounce back soon. Looking into the company's strategy, the lowered guidance is due to muted ad-revenue; A segment that constitutes 10% of CarGurus' top line. The bullish thesis remains intact and the company's international growth looks strong. CarGurus continues to be a leader in terms of auto listing market share, the network traffic and count of paying dealers. Introduction CarGurus, Inc. (NASDAQ: During the conference call, management provided a FY2020 revenue guidance to be between $664 - $676 million. The lowered guidance is due to the company’s decision to reduce ad load to improve user experience and enhance marketplace subscriptions. Mr. Market was merciless and the stock dropped more than 25% on the next trading day. CARG dropped to an all time low and is currently oversold with an RSI of 31 (source: Finviz In my opinion, the FY2019 results were posi
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CARG
News
- 1 Unstoppable Stock That's Skyrocketed Nearly 1,400% Since the Start of 2023: Don't Buy and Hold Until You Know These 3 Risks [Yahoo! Finance]Yahoo! Finance
- 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
CARG
Earnings
- 2/26/24 - Beat
CARG
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CARG's page on the SEC website