CarGurus (CARG) Tops Q4 Earnings Estimates

Core Viewpoint - CarGurus reported quarterly earnings of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and showing an increase from $0.35 per share a year ago, indicating a 10% earnings surprise [1][2] Financial Performance - The company posted revenues of $228.54 million for the quarter ended December 2024, which was 0.79% below the Zacks Consensus Estimate, but an increase from $223.12 million year-over-year [2] - Over the last four quarters, CarGurus has surpassed consensus EPS estimates four times and topped revenue estimates twice [2] Stock Performance - CarGurus shares have increased approximately 4.4% since the beginning of the year, compared to a 4.5% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $235.22 million, and for the current fiscal year, it is $1.90 on revenues of $977.58 million [7] - The trend of estimate revisions for CarGurus is mixed, which could change following the recent earnings report [6] Industry Context - The Automotive - Replacement Parts industry, to which CarGurus belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]