Recap: CarGurus Q4 Earnings
Portfolio Pulse from Benzinga Insights
CarGurus (NASDAQ:CARG) reported Q4 earnings with an EPS of $0.35, beating estimates by 3.0% but with a revenue decrease of $63.62 million from the previous year. The company has a history of surpassing EPS estimates, leading to a share price increase the following day.
February 26, 2024 | 9:05 pm
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CarGurus reported a Q4 EPS of $0.35, exceeding estimates by 3.0%, despite a revenue decrease from the previous year. The company has a track record of beating EPS estimates, positively impacting its share price.
CarGurus' history of exceeding EPS estimates has previously led to a positive reaction in its share price the following day. Although revenue was down, the consistent beating of EPS estimates could signal strength to investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100