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CarGurus (CARG) Q1 Earnings Top Estimates
Zacks Investment Research· 2024-05-09 22:26
CarGurus (CARG) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.34%. A quarter ago, it was expected that this online auto shopping platform would post earnings of $0.35 per share when it actually produced earnings of $0.35, delivering no surprise.Over the last four quarters, the co ...
CarGurus(CARG) - 2024 Q1 - Quarterly Report
2024-05-09 20:11
In connection with the Company's operating lease agreement in Boston, Massachusetts for 225,428 square feet at 1001 Boylston Street (the "1001 Boylston Street Lease"), the Company expects to spend an additional $35,171 to complete its buildout, of which $26,285 has been committed and remains unspent as of March 31, 2024. These costs will be partially reimbursable under the tenant improvement allowance. The Company is subject to a number of risks and uncertainties common to companies in its and similar indus ...
CarGurus(CARG) - 2024 Q1 - Quarterly Results
2024-05-09 20:05
Exhibit 99.1 1Q'24 Marketplace Revenue and QARSD growth accelerated further to 12% YoY and 14% YoY, respectively Repurchased $81.1 million worth of shares in 1Q'24, representing 3.3% of our outstanding capital "We are pleased with our first quarter results, as we achieved sustained marketplace revenue acceleration, driven by double-digit QARSD growth and an increase in the number of paying dealers," said Jason Trevisan, Chief Executive Officer at CarGurus. "In our Digital Wholesale business, we continued to ...
Why CarGurus (CARG) Might Surprise This Earnings Season
Zacks Investment Research· 2024-05-08 16:31
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 ...
CarGurus To Report First Quarter 2024 Financial Results
GlobeNewsWire· 2024-04-18 20:01
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 ...
CarGurus: Repositioned For Growth
Seeking Alpha· 2024-04-14 06:15
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 ...
Hope on the Horizon: CarGurus Q1 2024 Report Reveals Inventory and Demand are Rebounding as Prices Improve
Newsfilter· 2024-04-08 13:00
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 ...
Earnings Season Shows Some Momentum for Online Car Platforms
PYMNTS· 2024-03-14 18:40
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 ...
CarGurus Stock is Set for a Rally This Quarter, Above all Peers
MarketBeat· 2024-02-29 12:03
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(CARG) - 2023 Q4 - Earnings Call Transcript
2024-02-27 01:53
Kirndeep Singh - VP & Head, Investment Conference Call Participants Thomas White - D.A. Davidson John Colantuoni - Jefferies Greetings. Welcome to the CarGurus' Fourth Quarter and Full Year 2023 Earnings Results Conference At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation.. [Operator Instructions] As a reminder, this conference is being recorded. Information concerning those risks and uncertainties is discussed in our SEC filing ...