CarGurus Sees Q1 2024 Adj. EPS $0.24-$0.29 Vs $0.31 Est.; Revenue $201M-$221M Vs $235.698M Est.
Portfolio Pulse from Benzinga Newsdesk
CarGurus projects its Q1 2024 adjusted EPS to be between $0.24 and $0.29, below the estimated $0.31. The company also forecasts revenue to range from $201M to $221M, which is lower than the expected $235.698M.
February 26, 2024 | 9:27 pm
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CarGurus anticipates lower-than-expected Q1 2024 earnings and revenue, with adjusted EPS between $0.24-$0.29 and revenue of $201M-$221M.
CarGurus' projection of both lower adjusted EPS and revenue than analysts' expectations for Q1 2024 suggests potential negative sentiment among investors, likely leading to a short-term decrease in stock price.
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