CarGurus Q3 EPS $0.34 Beats $0.26 Estimate, Sales $219.42M Beat $215.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
CarGurus (NASDAQ:CARG) reported Q3 earnings of $0.34 per share, beating the analyst consensus estimate of $0.26 by 30.77%. This is a 61.9% increase from the same period last year. The company also reported quarterly sales of $219.42 million, beating the analyst consensus estimate of $215.97 million by 1.60%. However, this is a 48.55% decrease from the same period last year.
November 07, 2023 | 9:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
CarGurus reported better than expected Q3 earnings and sales, but showed a significant decrease in sales compared to the same period last year.
While CarGurus beat earnings and sales estimates, the significant decrease in sales compared to the same period last year could potentially offset the positive impact of the earnings beat. This could lead to a neutral short term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100