CarGurus Q2 EPS $0.29 Beats $0.23 Estimate, Sales $239.74M Beat $229.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
CarGurus (NASDAQ:CARG) reported Q2 earnings of $0.29 per share, beating the analyst consensus estimate of $0.23 by 26.09%. However, this is a 9.38% decrease from the same period last year. The company also reported quarterly sales of $239.74 million, beating the estimate of $229.97 million by 4.25%, but this is a 53.11% decrease from the same period last year.
August 09, 2023 | 8:02 pm
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NEUTRAL IMPACT
CarGurus reported better than expected Q2 earnings and sales, but both are down compared to the same period last year.
While CarGurus beat Q2 earnings and sales estimates, the decrease from the same period last year could potentially concern investors, leading to a neutral short term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100