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Compared to Estimates, CarGurus (CARG) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, CarGurus (CARG - Free Report) reported revenue of $218.69 million, down 8.8% over the same period last year. EPS came in at $0.41, compared to $0.29 in the year-ago quarter.
The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $214.85 million. With the consensus EPS estimate being $0.34, the EPS surprise was +20.59%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CarGurus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Paying Dealers - Total
: 31,352 versus 31,141 estimated by three analysts on average.
Paying Dealers - U.S
: 24,446 versus 24,502 estimated by two analysts on average.
Paying Dealers - International
: 6,906 compared to the 6,778 average estimate based on two analysts.
Revenue- Marketplace
: $195.17 million compared to the $191.46 million average estimate based on three analysts. The reported number represents a change of +14.2% year over year.
Revenue- Wholesale
: $13.12 million versus the three-analyst average estimate of $13.60 million. The reported number represents a year-over-year change of -58.9%.
Revenue- Product
: $10.41 million versus $9.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -71.8% change.
Shares of CarGurus have returned -11.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, CarGurus (CARG) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, CarGurus (CARG - Free Report) reported revenue of $218.69 million, down 8.8% over the same period last year. EPS came in at $0.41, compared to $0.29 in the year-ago quarter.
The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $214.85 million. With the consensus EPS estimate being $0.34, the EPS surprise was +20.59%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CarGurus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for CarGurus here>>>Paying Dealers - Total
: 31,352 versus 31,141 estimated by three analysts on average.Paying Dealers - U.S
: 24,446 versus 24,502 estimated by two analysts on average.Paying Dealers - International
: 6,906 compared to the 6,778 average estimate based on two analysts.Revenue- Marketplace
: $195.17 million compared to the $191.46 million average estimate based on three analysts. The reported number represents a change of +14.2% year over year.Revenue- Wholesale
: $13.12 million versus the three-analyst average estimate of $13.60 million. The reported number represents a year-over-year change of -58.9%.Revenue- Product
: $10.41 million versus $9.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -71.8% change.Shares of CarGurus have returned -11.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.