CARG - CarGurus stock rally on earnings beat and guiding Q2 above consensus

CarGurus ([[CARG]] +10.1%) reports revenue growth of 9% in Q1. Marketplace subscription revenue fell 2% to $139.6M vs. consensus of $137.4M.U.S. revenue grew 10% to $163M and International revenue declined 14% to $8.4M.Non-GAAP operating margin rate was 28.3% vs. consensus of 22.1%.Total paying dealers declined 6% Y/Y to 31,213. Of the total paying dealers U.S. accounted for 24,371 and International for 6,842.Quarterly Average Revenue per Subscribing Dealer in the U.S. up 7% to $5,466 as of March 31, 2021.U.S. average monthly unique users fell 6% to 36.3M. U.S. average monthly sessions down 10% to 90.7M.International average monthly unique users decreased 26% to 7.9M. International average monthly sessions slipped 28% to 18.2M.Q2 Guidance: Total revenue: $186M-$192M vs. consensus of $166.01M; Non-GAAP operating income: $35.5M-$39.5M; Non-GAAP EPS: $0.23-$0.25 vs. consensus of $0.22.Previously: CarGurus EPS beats by $0.10, beats on revenue (May 6)

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CarGurus stock rally on earnings beat and guiding Q2 above consensus