CarGurus, Inc.

CARG

US1417881091

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2023-12-01 pm EST			5-day change	1st Jan Change
21.68 ^USD	+0.28%		+1.69%	+54.75%

Nov. 28	Transcript : CarGurus, Inc. Presents at 2023 UBS Global Technology Conference, Nov-28-2023 04:15 PM	CI
Nov. 08	Oppenheimer Adjusts CarGurus Price Target to $26 From $24, Maintains Outperform Rating	MT

CarGurus, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

August 09, 2023 at 04:01 pm EDT

CarGurus, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 170.95 million compared to USD 163.93 million a year ago. Revenue was USD 239.74 million compared to USD 511.23 million a year ago. Net income was USD 16.41 million compared to net loss of USD 10.34 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to basic loss per share from continuing operations of USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.09 a year ago.
For the six months, sales was USD 338.08 million compared to USD 327.22 million a year ago. Revenue was USD 471.7 million compared to USD 941.84 million a year ago. Net income was USD 32.55 million compared to net loss of USD 72.43 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to basic loss per share from continuing operations of USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to diluted loss per share from continuing operations of USD 0.61 a year ago.

Latest news about CarGurus, Inc.

Transcript : CarGurus, Inc. Presents at 2023 UBS Global Technology Conference, Nov-28-2023 04:15 PM	Nov. 28	CI
Oppenheimer Adjusts CarGurus Price Target to $26 From $24, Maintains Outperform Rating	Nov. 08	MT
CarGurus Q3 Non-GAAP Earnings Rise, Revenue Falls; Company to Acquire Minority Stake in CarOffer for $75 Million	Nov. 08	MT
Transcript : CarGurus, Inc., Q3 2023 Earnings Call, Nov 07, 2023	Nov. 07	CI
Cargurus Agrees To Fully Acquire Caroffer	Nov. 07	RE
CarGurus Signs Deal to Buy Remaining Minority Stake in CarOffer for $75 Million Cash	Nov. 07	MT
CarGurus, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 07	CI
(CARG) CARGURUS Expects Fiscal Year 2023 EPS Range $1.19 - $1.22	Nov. 07	MT
(CARG) CARGURUS Sees Q4 EPS Range $0.30 - $0.33	Nov. 07	MT
(CARG) CARGURUS Forecasts Fiscal Year 2023 Revenue Range $899M - $919M	Nov. 07	MT
(CARG) CARGURUS Sees Q4 Revenue Range $208M - $228M	Nov. 07	MT
Earnings Flash (CARG) CARGURUS Reports Q3 Revenue $219.4M, vs. Street Est of $216M	Nov. 07	MT
Earnings Flash (CARG) CARGURUS Posts Q3 EPS $0.34, vs. Street Est of $0.26	Nov. 07	MT
Cargurus, Inc. Provides Earnings Guidance for the Fourth Quarter and Full-Year 2023	Nov. 07	CI
CarGurus, Inc. entered into membership purchase agreement to acquire remaining 49% stake of CarOffer, LLC for $75 million.	Nov. 06	CI
CarGurus Names Elisa Palazzo Finance Chief	Oct. 30	MT
Cargurus, Inc. Announces the Appointment of Elisa Palazzo as the Chief Financial Officer, Effective as of December 4, 2023	Oct. 30	CI
CarGurus, Inc. Appoints Zach Hallowell as Head of Industry Transformation	Oct. 18	CI
UBS Initiates Coverage on CarGurus With Neutral Rating, $21 Price Target	Sep. 15	MT
JPMorgan Adjusts Price Target on CarGurus to $27 From $29, Maintains Overweight Rating	Aug. 14	MT
Needham Adjusts Price Target on CarGurus to $22 From $20, Keeps Buy Rating	Aug. 10	MT
CarGurus Q2 Non-GAAP EPS, Revenue Decline; Q3 Outlook Set	Aug. 09	MT
Transcript : CarGurus, Inc., Q2 2023 Earnings Call, Aug 09, 2023	Aug. 09	CI
(CARG) CARGURUS Expects Q3 Revenue Range $201M - $221M	Aug. 09	MT
(CARG) CARGURUS Sees Q3 EPS Range $0.24 - $0.27	Aug. 09	MT

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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

2024-02-28 - Q4 2023 Earnings Release (Projected)

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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

21.68USD

Average target price

23.83USD

Spread / Average Target

+9.93%

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Other Internet Services

CarGurus, Inc.

Equities

CARG

US1417881091

Internet Services

CarGurus, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

EPS Revisions