CarGurus, Inc.

CARG

US1417881091

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
23.22 ^USD	+1.35%		+4.59%	-3.89%

Apr. 17	Cargurus Insider Sold Shares Worth $378,449, According to a Recent SEC Filing	MT
Mar. 15	UBS Adjusts CarGurus Price Target to $27 From $26, Maintains Neutral Rating	MT

CarGurus, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 26, 2024 at 04:05 pm EST

CarGurus, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 182.25 million compared to USD 166.25 million a year ago. Revenue was USD 223.12 million compared to USD 286.74 million a year ago.

Net loss was USD 23.74 million compared to net income of USD 159.25 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 1.34 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.

Latest news about CarGurus, Inc.

Cargurus Insider Sold Shares Worth $378,449, According to a Recent SEC Filing	Apr. 17	MT
UBS Adjusts CarGurus Price Target to $27 From $26, Maintains Neutral Rating	Mar. 15	MT
Cargurus Insider Sold Shares Worth $521,316, According to a Recent SEC Filing	Mar. 04	MT
Cargurus Insider Sold Shares Worth $392,583, According to a Recent SEC Filing	Mar. 04	MT
Cargurus Insider Sold Shares Worth $494,783, According to a Recent SEC Filing	Mar. 04	MT
Needham Adjusts Price Target on CarGurus to $24 From $22, Maintains Buy Rating	Feb. 27	MT
Oppenheimer Adjusts CarGurus Price Target to $30 From $26, Maintains Outperform Rating	Feb. 27	MT
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Tuesday as Investors Await Key Data for Rate-Cut Hints	Feb. 27	MT
North American Morning Briefing : Stock Futures Pause as Investors Eye Inflation Data	Feb. 27	DJ
Transcript : CarGurus, Inc., Q4 2023 Earnings Call, Feb 26, 2024	Feb. 26
CarGurus Q4 Non-GAAP Earnings Rise, Revenue Falls; Sets Q1 Guidance; Shares Fall	Feb. 26	MT
Tranche Update on CarGurus, Inc.'s Equity Buyback Plan announced on December 8, 2022.	Feb. 26	CI
Tranche Update on CarGurus, Inc.'s Equity Buyback Plan announced on November 7, 2023.	Feb. 26	CI
CarGurus, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
CarGurus, Inc. Provides Earnings Guidance for the First Quarter of 2024	Feb. 26	CI
CarGurus, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 26	CI
(CARG) CARGURUS Forecasts Q1 Revenue Range $201M - $221M	Feb. 26	MT
(CARG) CARGURUS Sees Q1 EPS Range $0.24 - $0.29	Feb. 26	MT
Earnings Flash (CARG) CARGURUS Posts Q4 Revenue $223.1M, vs. Street Est of $219.8M	Feb. 26	MT
Earnings Flash (CARG) CARGURUS Posts Q4 EPS $0.35, vs. Street Est of $0.34	Feb. 26	MT
CarGurus Partners With Chase as Participating Lender on Car Trading Platform	Jan. 29	MT
CarGurus, Inc. Partners with Chase to Expand Consumer Financing Options	Jan. 29	CI
UBS Raises CarGurus Price Target to $26 From $22, Maintains Neutral Rating	Jan. 16	MT
CarGurus Chief People Officer to Step Down	Jan. 12	MT
CarGurus, Inc. Announces Resignation of Andrea Eldridge as Chief People Officer, Effective April 5, 2024	Jan. 12	CI

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Company Profile

CarGurus, Inc. (CarGurus) is a multinational, online automotive platform for buying and selling vehicles that offers both digital retail solutions and the CarOffer digital wholesale platform. The CarGurus platform enables consumers to buy and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, instantly acquire, effectively market, and quickly sell vehicles, all with a nationwide reach. The Company operates through two segments: U.S. Marketplace and Digital Wholesale. The U.S. Marketplace segment provides marketplace services for customers within the United States. The Digital Wholesale segment provides Dealer-to-Dealer and Instant Max Cash Offer (IMCO) services and products which are sold on the CarOffer platform. The Company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. It also operates the Autolist and PistonHeads online marketplaces in the United States and the United Kingdom.

Sector

Internet Services

Calendar

2024-05-09 - Q1 2024 Earnings Release

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Ratings for CarGurus, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

23.22 USD

Average target price

25.22 USD

Spread / Average Target

+8.63%

Consensus

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Other Internet Services

CarGurus, Inc.

Equities

CARG

US1417881091

Internet Services

CarGurus, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

EPS Revisions