Investors are always looking for stocks that are poised to beat at earnings season and CarGurus, Inc. (CARG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because CarGurus is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indic ...

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 will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on May 9, 2024. To access the ...

Orbon Alija/E+ via Getty Images In my view, there's no better time to bet on solid turnaround names than during a period of market volatility and expensive valuation multiples. Contrarian plays like these, in my view, are more insulated from the whiplashes in the stock market driven by macro factors like interest rates, and investors can buy with confidence knowing they are investing in businesses with firm footing and a more than reasonable valuation. CarGurus (NASDAQ:CARG) fits the bill perfectly here ...

CAMBRIDGE, Mass., April 08, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its Quarterly Review for Q1 2024, giving buyers, sellers, and dealers a view into the key trends influencing pricing, inventory, and demand for new and used vehicles so far this year. "Rebounding inventory and moderating prices are fueling pent-up demand in spite of high interest rates. Our research shows sales for both ...

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach.Inflation has run rampant. Loans themselves — where there were loans to be gotten — were expensive. And as detailed here, delinquencies have been on the rise.For many of the online platforms seeking to transform car buying, and financing across the ecosystem, the journey’s been a rough and rocky road. Yet earnings season shows that if the industry has not exactly turned a corner, then at least the engines ...

Key PointsThe vehicle market will soon see a newfound wave of demand or a continuation in the used car market.Most players point to CarGurus as the one stock in this space that will emerge as a potential new bull run.Analysts and institutional investors have already trickled in, will you?5 stocks we like better than AutoNationSome 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 FedW ...

CarGurus, Inc. (NASDAQ:CARG) Q4 2023 Earnings Conference Call February 26, 2024 5:00 PM ET Company Participants Kirndeep Singh - VP & Head, Investment Jason Trevisan - Chief Executive Officer Sam Zales - President & Chief Operating Officer Elisa Palazzo - Chief Financial Officer Conference Call Participants Marvin Fong - BTIG Rajat Gupta - JPMorgan Matt Logan - RBC Capital Markets Thomas White - D.A. Davidson Jed Kelly - Oppenheimer Christopher Pierce - Needham & Company Ronald Josey - Citi John Colantuoni ...

For the quarter ended December 2023, CarGurus (CARG) reported revenue of $223.12 million, down 22.2% over the same period last year. EPS came in at $0.35, compared to $0.22 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $218.14 million, representing a surprise of +2.28%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.35.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

CarGurus Inc. shares fell more than 11% in the extended session Monday after investors looked past a better-than-expected quarter for the online car-selling platform to zero in on weaker current-quarter guidance. CarGurus CARG, +0.21% lost $23.7 million, or 21 cents a share, in the fourth quarter, contrasting with gains of $159 million, or 20 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 35 cents a share. Revenue fell 22% to $223.1 million. Analysts polled by FactSe ...

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