CarGurus (CARG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Geely Automobile Holdings Ltd. (GELYY) and CarGurus (CARG) have performed compared to their sector so far this year.
CarGurus, Inc. (NASDAQ:CARG ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Kirndeep Singh - Vice President and Head of Investor Relations Jason Trevisan - Chief Executive Officer Elisa Palazzo - Chief Financial Officer Sam Zales - President and Chief Operating Officer Conference Call Participants Marvin Fong - BTIG LLC Nick Jones - JMP Securities Rajat Gupta - JPMorgan Doug Arthur - Huber Research Partners Operator Good day, and welcome to the CarGurus Earnings Conference Call. Please note, this event is being recorded.
CarGurus, Inc. CARG reported better-than-expected third-quarter financial results and issued FY24 guidance EPS guidance above estimates.
The headline numbers for CarGurus (CARG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CarGurus (CARG) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.34 per share a year ago.
Shares of CarGurus Inc. rallied after hours on Thursday, after the online car-buying platform offered a fourth-quarter forecast that was above expectations, as it tries to make deeper inroads with car buyers and dealers in the U.S. and internationally.
Beyond analysts' top -and-bottom-line estimates for CarGurus (CARG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
CarGurus (CARG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
VERX, CARG, and UL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 3, 2024.
OKTA, CARG and PPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 27, 2024.
Does CarGurus (CARG) have what it takes to be a top stock pick for momentum investors? Let's find out.