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CARG

Analysts have provided various ratings for CarGurus (NASDAQ:CARG) within the last quarter, with one bullish, one somewhat bullish, and two indifferent. The average 12-month price target for CarGurus is $22.75, representing a 7.14% decrease from the previous average price target of $24.50.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 1:00 pm

DRRX

GAN

HSCS

Several stocks are experiencing significant pre-market movements. Gainers include Heart Test Laboratories, GAN Limited, Lumos Pharma, Porch Group, Upwork, American Public Education, Sphere 3D Corp, The RealReal, Enovix Corporation, and Evolus. Losers include DURECT Corporation, Sleep Number Corporation, Nerdy, LQR House, Upstart Holdings, Royalty Management Holding Corporation, Tharimmune, Toast, Flywire Corporation, and Leju Holdings Limited.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 12:50 pm

COIN

HOOD

ARK Investment Management, led by CEO Cathie Wood, has increased its position in Coinbase Inc (NASDAQ:COIN) and Robinhood Markets Inc (NASDAQ:HOOD) by adding a total of $1.13 billion in shares since 2022. The investments are held through multiple funds, including ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK Next Generation Internet ETF (ARKW). Over the past year, COIN has seen a 165.09% increase in stock price, while HOOD has increased by 20.79%.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 12:49 pm

MCFT

MasterCraft Boat has reported its Q2 revenue of $96M, which is higher than the estimated $88.75M. However, its adjusted EPS is $0.22, lower than the estimated $0.32.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:35 pm

LITE

Lumentum Holdings has provided its business outlook for the fiscal second quarter of 2024. The company expects net revenue to be in the range of $350 million to $380 million, non-GAAP operating margin of 2.0% to 4.0%, and non-GAAP diluted earnings per share of $0.25 to $0.35.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:34 pm

BXSL

Blackstone Secured (NYSE:BXSL) reported Q3 2023 earnings of $0.95 per share, missing the analyst consensus estimate of $0.98 by 3.06%. However, the company's quarterly sales of $283.96 million beat the estimate of $280.05 million by 1.40%. This represents a 18.75% increase in earnings and a 25.09% increase in sales compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

November 08, 2023 | 12:34 pm

MCFT

MasterCraft Boat has projected its FY24 revenue to be between $390M and $420M, compared to the estimated $411.76M. The company also anticipates its FY24 adjusted EPS to be between $1.46 and $1.88, against the estimated $1.8.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:33 pm

GPS

HOOD

SCHW

YUM

Insiders at Robinhood Markets, Yum! Brands, The Gap, and The Charles Schwab Corporation have recently sold shares. Robinhood's Chief Legal Officer sold 12,500 shares following mixed Q3 results. Yum! Brands' CEO sold 9,600 shares after Q3 sales growth missed analyst estimates. The Gap's EVP sold 8,712 shares as Evercore ISI Group initiated coverage with an Outperform rating. Charles Schwab's CFO sold 3,114 shares after better-than-expected Q3 earnings.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 12:32 pm

LITE

Lumentum Holdings (NASDAQ:LITE) reported Q1 earnings of $0.35 per share, beating the analyst consensus estimate of $0.27 by 29.63%. However, this is a 79.29% decrease from the same period last year. The company also reported quarterly sales of $317.60 million, beating the estimate of $312.65 million by 1.58%, but this is a 37.33% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:32 pm

MCFT

MasterCraft Boat Hldgs (NASDAQ:MCFT) reported Q1 adjusted earnings of $0.47 per share, beating the analyst consensus estimate of $0.40 by 17.5%. However, this is a 67.13% decrease from the same period last year. The company also reported quarterly sales of $104.20 million, beating the analyst consensus estimate of $96.63 million by 7.83%, but this is a 38.53% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:31 pm