CarGurus Sees Q4 EPS $0.30-$0.33 Vs $0.28 Est.; Revenue $208M-$228M Vs $222.46M Est.; FY23 EPS $1.19-$1.22 Vs $1.10 Est.; Revenue $899M-$919M Vs $910.57M Est.
Portfolio Pulse from Benzinga Newsdesk
CarGurus has released its Q4 and FY23 guidance. For Q4, it expects EPS of $0.30-$0.33, higher than the estimated $0.28, and revenue of $208M-$228M, compared to the estimated $222.46M. For FY23, it anticipates EPS of $1.19-$1.22, higher than the estimated $1.10, and revenue of $899M-$919M, compared to the estimated $910.57M. The guidance is based on recent market behaviors and industry conditions, excluding macro-level industry issues and potential impact of foreign currency exchange gains or losses.
November 07, 2023 | 9:35 pm
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CarGurus has released its Q4 and FY23 guidance, expecting higher EPS and revenue than estimates. This could potentially lead to a positive market reaction.
CarGurus' higher than expected EPS and revenue guidance for Q4 and FY23 indicates strong financial performance, which is likely to be viewed positively by investors. This could potentially lead to an increase in the company's stock price in the short term.
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