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-5.49990178746922E-05 -0.00137497544686703 -0.00058927519151446 0.00196425063838149 -0.00746415242584959 -0.0104105283834217 -0.0159104301708899 -0.0159104301708899
Stock impact report

Why CarGurus Is Plunging 24% Despite Topping Estimates [The Motley Fool]

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
Company Research Source: The Motley Fool
Why CarGurus Is Plunging 24% Despite Topping Estimates CarGurus turned in a strong fourth quarter, but disappointing guidance left investors wanting more. Shares of CarGurus ( NASDAQ:CARG ) , a global online automotive marketplace, are plunging more than 24% lower Friday morning despite the company beating analysts' top- and bottom-line estimates during the fourth quarter. Starting from the top, revenue increased 25% to $158.2 million compared to the prior year, easily topping analysts' estimates of $154.6 million. Fourth-quarter adjusted earnings per share checked in at $0.17, also topping analysts' estimates of $0.13 per share. "CarGurus finished 2019 with a strong fourth quarter," said Langley Steinert, founder and CEO of CarGurus, in a press release. "Our U.S. marketplace saw continued traffic and lead growth in the fourth quarter, and for the full-year 2019 we generated over 65 million connections and over 38 million leads, supporting what we believe is industry-leading ROI for Show less Read more
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