CarGurus Q1 2024 Adj EPS $0.32 Beats $0.28 Estimate, Sales $215.796M Miss $216.810M Estimate
Portfolio Pulse from Benzinga Newsdesk
CarGurus reported Q1 2024 adjusted EPS of $0.32, surpassing the $0.28 estimate, marking a 23.08% increase from last year. However, their sales of $215.796M fell short of the $216.810M estimate, a 6.97% decrease from the previous year.
May 09, 2024 | 8:03 pm
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CarGurus exceeded EPS estimates for Q1 2024 but missed on sales forecasts, showing mixed financial performance.
The beat on EPS estimates is positive, indicating profitability and operational efficiency. However, the miss on sales forecasts could raise concerns about growth prospects and market demand. The mixed results may lead to neutral short-term stock price movement as investors weigh the positive earnings against the slight sales disappointment.
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