Earnings Preview: CarGurus
Portfolio Pulse from Benzinga Insights
CarGurus (NASDAQ:CARG) is anticipated to release its quarterly earnings report on February 26, 2024, with an expected EPS of $0.34. Analysts and investors are keen on whether the company will surpass this estimate and provide optimistic guidance for the following quarter. Historically, CarGurus has shown a pattern of beating EPS estimates, leading to significant stock price movements. The company's shares have seen a 39.31% increase over the last 52 weeks, indicating a positive outlook among long-term shareholders.
February 23, 2024 | 6:01 pm
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CarGurus is expected to report an EPS of $0.34 for the upcoming quarter. Historical data shows a positive trend in beating EPS estimates, which has previously led to stock price increases. With shares up 39.31% over the last year, the upcoming earnings report could further influence the stock's performance.
CarGurus has a history of surpassing EPS estimates, which has often resulted in positive stock price movements the following day. Given the company's past performance and the current positive trend in its stock price, it is likely that a beat on the expected EPS of $0.34 or positive future guidance could lead to a short-term increase in the stock price.
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