CarGurus Expects Q2 Total Revenue Of $202M-$222M (Est $224.504M), Adj EPS Of $0.29-$0.34 (Est $0.30)
Portfolio Pulse from Benzinga Newsdesk
CarGurus forecasts Q2 total revenue to be between $202M-$222M, slightly below the estimated $224.504M, with an adjusted EPS of $0.29-$0.34, aligning with the estimated $0.30.
May 09, 2024 | 8:45 pm
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CarGurus expects Q2 revenue to fall slightly short of estimates but projects an adjusted EPS within expected ranges.
The slight miss in revenue forecast could initially concern investors, potentially impacting stock price negatively. However, the alignment of the adjusted EPS with estimates may counterbalance concerns, stabilizing the stock. The mixed forecast suggests a neutral short-term impact, as the market digests both the slight revenue shortfall and the on-target EPS.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90