CarGurus (CARG) reported $215.8 million in income for the quarter ended March 2024, representing a year-over-year decline of seven%. EPS of $0.32 for a similar interval compares to $0.26 a 12 months in the past.
The reported income compares to the Zacks Consensus Estimate of $217.29 million, representing a shock of -0.69%. The corporate delivered an EPS shock of +10.34%, with the consensus EPS estimate being $0.29.
Whereas traders carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s worth efficiency.
Right here is how CarGurus carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Paying Sellers – Whole: 31,175 versus 31,011 estimated by three analysts on common.
- Paying Sellers – U.S: 24,419 in comparison with the 24,356 common estimate based mostly on two analysts.
- Paying Sellers – Worldwide: 6,756 in comparison with the 6,655 common estimate based mostly on two analysts.
- Income- Market: $187.20 million versus the three-analyst common estimate of $185.57 million. The reported quantity represents a year-over-year change of +12%.
- Income- Wholesale: $16.10 million in comparison with the $18.64 million common estimate based mostly on three analysts. The reported quantity represents a change of -36.1% 12 months over 12 months.
- Income- Product: $12.50 million versus the three-analyst common estimate of $13.85 million. The reported quantity represents a year-over-year change of -68.5%.
View all Key Company Metrics for CarGurus here>>>
Shares of CarGurus have returned -2.2% over the previous month versus the Zacks S&P 500 composite’s -0.3% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out in step with the broader market within the close to time period.
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CarGurus, Inc. (CARG) : Free Stock Analysis Report
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