CarGurus Q2 2024 Adj EPS $0.41 Beats $0.33 Estimate, Sales $218.69M Beat $216.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
CarGurus (NASDAQ:CARG) reported Q2 2024 adjusted EPS of $0.41, beating the estimate of $0.33. Sales were $218.69M, surpassing the $216.09M estimate but down 8.78% from last year's $239.74M.
August 08, 2024 | 8:09 pm
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CarGurus reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.41 beating the $0.33 estimate and sales of $218.69M surpassing the $216.09M estimate. However, sales were down 8.78% year-over-year.
The better-than-expected EPS and sales figures are likely to positively impact the stock price in the short term. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100