CarGurus Analysts Boost Their Forecasts Following Better-Than-Expected Earnings

CarGurus, Inc. (NASDAQ:CARG) reported better-than-expected third-quarter financial results and issued FY24 guidance EPS guidance above estimates.

CarGurus reported quarterly earnings of 45 cents per share which beat the analyst consensus estimate of 42 cents. The company reported quarterly sales of $231.358 million which beat the analyst consensus estimate of $223.537 million.

“We are proud of our third quarter results as our Marketplace revenue growth further accelerated, and we leveraged our cost base to drive operating efficiencies,” said Jason Trevisan, Chief Executive Officer at CarGurus. “Our customer-centric focus has enabled us ...