CarGurus Sees Q3 2024 Total Revenue $212M - $232M Vs $219.419M Est.; Marketplace Revenue $199M - $204M; Non-GAAP Consolidated Adjusted EBITDA $56M - $64M; Non-GAAP EPS $0.38 - $0.44 Vs $0.33 Est.
Portfolio Pulse from Benzinga Newsdesk
CarGurus has provided its Q3 2024 financial guidance, projecting total revenue between $212M and $232M, compared to the estimated $219.419M. The company expects marketplace revenue to be between $199M and $204M, and non-GAAP consolidated adjusted EBITDA to range from $56M to $64M. Additionally, CarGurus anticipates non-GAAP EPS to be between $0.38 and $0.44, surpassing the estimated $0.33.
August 08, 2024 | 8:11 pm
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POSITIVE IMPACT
CarGurus has issued a positive financial outlook for Q3 2024, with revenue and non-GAAP EPS projections exceeding estimates. This is likely to boost investor confidence and positively impact the stock price in the short term.
The company's revenue and non-GAAP EPS projections exceed market estimates, indicating strong financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100