CarGurus Q4 2023 Adj EPS $0.35 Beats $0.34 Estimate, Sales $223.12M Beat $220.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
CarGurus (CARG) reported Q4 2023 adjusted EPS of $0.35, surpassing the $0.34 estimate, with sales of $223.12M exceeding the $220.05M forecast. However, this represents a 22.19% decrease in sales compared to the same period last year.
February 26, 2024 | 9:03 pm
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CarGurus reported higher than expected Q4 2023 earnings and sales, but experienced a significant decrease in sales compared to last year.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decrease in sales might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100