We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CarGurus (CARG) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
In its upcoming report, CarGurus (CARG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.54 per share, reflecting an increase of 31.7% compared to the same period last year. Revenues are forecasted to be $232.7 million, representing a year-over-year increase of 6.4%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific CarGurus metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Marketplace' will reach $221.50 million. The estimate suggests a change of +13.5% year over year.
The consensus estimate for 'Revenue- Wholesale' stands at $6.89 million. The estimate points to a change of -47.5% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Product' at $4.91 million. The estimate indicates a year-over-year change of -52.8%.
It is projected by analysts that the 'Paying Dealers - U.S' will reach 25,322 . Compared to the present estimate, the company reported 24,446 in the same quarter last year.
Analysts' assessment points toward 'Paying Dealers - International' reaching 7,288 . Compared to the present estimate, the company reported 6,906 in the same quarter last year.
Analysts predict that the 'Paying Dealers - Total' will reach 32,611 . Compared to the present estimate, the company reported 31,352 in the same quarter last year.
CarGurus shares have witnessed a change of -6.6% in the past month, in contrast to the Zacks S&P 500 composite's +0.5% move. With a Zacks Rank #3 (Hold), CARG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CarGurus (CARG) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
In its upcoming report, CarGurus (CARG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.54 per share, reflecting an increase of 31.7% compared to the same period last year. Revenues are forecasted to be $232.7 million, representing a year-over-year increase of 6.4%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific CarGurus metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Marketplace' will reach $221.50 million. The estimate suggests a change of +13.5% year over year.
The consensus estimate for 'Revenue- Wholesale' stands at $6.89 million. The estimate points to a change of -47.5% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Product' at $4.91 million. The estimate indicates a year-over-year change of -52.8%.
It is projected by analysts that the 'Paying Dealers - U.S' will reach 25,322 . Compared to the present estimate, the company reported 24,446 in the same quarter last year.
Analysts' assessment points toward 'Paying Dealers - International' reaching 7,288 . Compared to the present estimate, the company reported 6,906 in the same quarter last year.
Analysts predict that the 'Paying Dealers - Total' will reach 32,611 . Compared to the present estimate, the company reported 31,352 in the same quarter last year.
View all Key Company Metrics for CarGurus here>>>CarGurus shares have witnessed a change of -6.6% in the past month, in contrast to the Zacks S&P 500 composite's +0.5% move. With a Zacks Rank #3 (Hold), CARG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .