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 ...

Technology and Product Development Our Mobile Technology 19 We protect our intellectual property through a combination of patents, copyrights, trademarks, service marks, domain names, trade secret protections, confidentiality procedures, and contractual restrictions. In addition to the protection provided by our intellectual property rights, we enter into confidentiality and proprietary rights agreements with our employees and relevant consultants, contractors, and business partners. We control the use of o ...

The presentation of non-GAAP financial information and other business metrics is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. While our non-GAAP financial measures and other business metrics are an important tool for financial and operational decision-making and for evaluating our own operating results over different periods of time, we urge investors to review the reconciliation of these financial measures to the ...

Wall Street analysts expect CarGurus (CARG) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates a year-over-year increase of 59.1%. Revenues are expected to be $218.14 million, down 23.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, it is of utmost import ...

CAMBRIDGE, Mass., Feb. 01, 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 fourth quarter and fiscal year ended December 31st, 2023, after the close of the market on February 26th, 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 o ...

deepblue4you These days, it seems that the stock market has very little patience for turnaround stories. Investors latch onto the latest growth stories and pay very little attention to companies that are struggling with business transitions. CarGurus (NASDAQ:CARG) falls squarely into this bucket. Dealing with softer post-pandemic demand for used cars, plus managing its rushed entry into the wholesale business, revenue and profit growth has stalled. Still - there is hope, as the stock is up more than 30% ...

CAMBRIDGE, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the addition of Chase to its multi-lender financing platform, expanding options for consumers looking to pre-qualify for auto financing from the comfort of home. Available nationwide, Chase joins CarGurus' network of participating lenders — which also includes Capital One, Global Lending Services, and Westlake Financial ...

CAMBRIDGE, Mass., Jan. 24, 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 2024 Best Used Car Awards. Referencing an expansive set of pricing and availability data, consumer trends, and experience test driving over a thousand cars, CarGurus' panel of expert reviewers has identified the best used cars in 11 categories, including the best family car; city car; large, small, and midsize SUV; an ...

Company Participants Sam Zales - President & Chief Operating Officer Nick Jones - JMP Securities Kunal Madhukar - UBS Marvin Fong - BTIG Operator Kirndeep Singh Further, during the course of our call today, we will refer to certain non-GAAP financial measures. A reconciliation of GAAP to comparable non-GAAP measures is included in our press release issued today, as well as in our updated investor presentation, which can be found on the Investor Relations section of our website. CarGurus, Inc. (NASDAQ:CARG) ...