Investors might want to bet on CarGurus (CARG) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Qifu Technology, Inc. (QFIN) : This credit-tech platform provider has seen the Zacks Consensus Estimate for its current year earnings increasing 17.9% over the last 60 days. Sumitomo Mitsui Financial Group, Inc. (SMFG) : This financial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 19% over the last 60 days. Robinhood Markets, Inc. (HOOD) : This financial services platform provider has s ...

CarGurus, Inc. (NASDAQ:CARG) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Kirndeep Singh - Vice President and Head of Investor Relations Jason Trevisan - Chief Executive Officer Elisa Palazzo - Chief Financial Officer Sam Zales - President and Chief Operating Officer Conference Call Participants Nicholas Jones - Citizens JMP Securities LLC Jed Kelly - Oppenheimer & Co. Inc. Rajat Gupta - JPMorgan Chase & Co. Ryan Pfingst - B. Riley Securities, Inc. Marvin Fong - BTIG LLC T ...

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For the quarter ended June 2024, CarGurus (CARG) reported revenue of $218.69 million, down 8.8% over the same period last year. EPS came in at $0.41, compared to $0.29 in the year-ago quarter. The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $214.85 million. With the consensus EPS estimate being $0.34, the EPS surprise was +20.59%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

CarGurus (CARG) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 20.59%. A quarter ago, it was expected that this online auto shopping platform would post earnings of $0.29 per share when it actually produced earnings of $0.32, delivering a surprise of 10.34%. Over the last four quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | --- | --- | --- | --- | |-------|----------|---------------------------------|-----------------------------------|-----------|------------|--------------------------- ...

Exhibit 99.1 (1) (2) CarGurus Announces Second Quarter 2024 Results Q2'24 Marketplace revenue accelerated to 14% YoY, marking the third consecutive quarter of double-digit growth Consolidated GAAP Net Loss of $68.7 million 1; Non-GAAP Adjusted EBITDA of $55.6 million, up 23% YoY Repurchased $61 million worth of shares in 2Q'24, representing 2.5% of our outstanding capital CAMBRIDGE, Mass., August 8, 2024 — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selli ...

Analysts on Wall Street project that CarGurus (CARG) will announce quarterly earnings of $0.34 per share in its forthcoming report, representing an increase of 17.2% year over year. Revenues are projected to reach $214.85 million, declining 10.4% from the same quarter last year. The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ...

The market expects CarGurus (CARG) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on A ...