CarGurus (NASDAQ:CARG – Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect CarGurus to post earnings of $0.34 per share for the quarter. CarGurus has set its Q2 guidance at $0.29-0.34 EPS and its Q2 2024 guidance at 0.290-0.340 EPS.Investors interested in participating in the company’s conference call can do so using this link.
CarGurus (NASDAQ:CARG – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $215.80 million for the quarter, compared to the consensus estimate of $217.29 million. CarGurus had a return on equity of 8.80% and a net margin of 4.04%. On average, analysts expect CarGurus to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
CarGurus Stock Performance
NASDAQ CARG opened at $22.21 on Wednesday. The stock has a 50 day moving average price of $25.09 and a 200-day moving average price of $23.81. CarGurus has a one year low of $16.70 and a one year high of $26.90. The company has a market capitalization of $2.31 billion, a P/E ratio of 79.32, a P/E/G ratio of 1.40 and a beta of 1.57.
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Analyst Ratings Changes
A number of equities analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of CarGurus from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Needham & Company LLC boosted their price objective on CarGurus from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. DA Davidson raised their price objective on CarGurus from $22.00 to $25.50 and gave the company a “neutral” rating in a research note on Monday, May 13th. Citigroup boosted their target price on CarGurus from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of CarGurus in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CarGurus presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.
Read Our Latest Research Report on CarGurus
About CarGurus
CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.
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