CARG News and Press, CarGurus Inc. From 11/09/22

Investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC) have had to deal with disappointment for much of 2022. Bear market pressures continued to weigh on the index Wednesday morning, with the Nasdaq opening lower by about 1%. Growth stocks have been a thorn in the Nasdaq's s...

CarGurus, Inc. (CARG) Q3 2022 Earnings Conference Call November 8, 2022, 5:00 PM ET Company Participants Kirndeep Singh - Vice President, Investor Relations Jason Trevisan - Chief Executive Officer Sam Zales - President and COO Conference Call Participants ...

CarGurus ( NASDAQ: CARG ) stock slumped nearly 25% lower after both earnings and guidance lagged behind analyst expectations on Tuesday. The company posted a miss on top and bottom lines in the third quarter as the company’s gross margin contracted to 35% from 73%...

CarGurus press release ( NASDAQ: CARG ): Q3 Non-GAAP EPS of $0.21 misses by $0.04 . Revenue of $426.5M (+91.3% Y/Y) misses by $35.92M . Shares -2% . Marketplace revenue was $165.3 million, an increase of 3% compared to $159.9 million in the third quarte...

Third Quarter Highlights: Total revenue of $426.5 million, an increase of 91% year-over-year GAAP operating income of $28.7 million; non-GAAP operating income of $29.4 million GAAP consolidated net income of $18.8 million; non-GAAP consolidated net income of $2...

CarGurus ( NASDAQ: CARG ) is scheduled to announce Q3 earnings results on Monday, November 7th, after market close. The consensus EPS Estimate is $0.25 (-34.2% Y/Y) and the consensus Revenue Estimate is $462.42M (+107.4% Y/Y). Over the last 2 years, CARG has beaten E...

CAMBRIDGE, Mass., Nov. 03, 2022 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying and selling new and used vehicles 1 , today released its October 2022 Intelligence Report. October’s report saw used vehicle prices de...

CAMBRIDGE, Mass., Oct. 26, 2022 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying and selling new and used vehicles 1 , today announced the release of its 2022 Consumer Insights Report. This year’s report shares insi...

CAMBRIDGE, Mass., Oct. 18, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release reporting financial results for the third quarter ended September 30, 2022, after the close...

Summary Since the beginning of this year, CarGurus has fallen off at quite a fast pace. CarGurus trades at low valuations relative to its EV/FCF and P/S of 13.1 and 1.1 respectively. The company has quite a healthy balance sheet. I rate the CARG stock a Buy as I see it bea...