CARG News and Press, CarGurus Inc. From 02/28/23

CarGurus, Inc. (CARG) Q4 2022 Results Conference Call February 28, 2023 05:00 PM ET Company Participants Kirndeep Singh - VP and Head, IR Jason Trevisan - CEO Sam Zales - President and COO Conference Call Participants John Colantuoni - Jefferies Jed Kel...

CarGurus press release ( NASDAQ: CARG ): Q4 Non-GAAP EPS of $0.22 beats by $0.11 . Revenue of $286.7M (-15.5% Y/Y) beats by $5.29M . Total paying dealers were 31,307 at December 31, 2022, an increase of 2% compared to 30,630 at December 31, 2021. Quarterl...

Fourth Quarter Highlights: Total revenue of $286.7 million, a decrease of (16)% year-over-year GAAP operating income of $29.6 million; non-GAAP operating income of $23.6 million GAAP consolidated net income of $23.2 million; non-GAAP consolidated net income of $17.4 mi...

Summary Issues at CarOffer have overshadowed CARG's strong core business. A slightly more difficult used car market should bode well for CARG. CARG has pricing power given the value of its offering. CarGurus' ( CARG ) results are being muddied by issues at CarOffer, bu...

Summary Carvana experienced some of the most disruption and headwinds over the past year. I have discussed CVNA stock several times since we first purchased it in 2019 but want to provide an update given the stock’s decline and negative headlines. The key debate is whether Ca...

CAMBRIDGE, Mass., Feb. 09, 2023 (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 U.S. January 2023 Intelligence Report. Data from January shows an increase in used vehicle...

A Media Snippet accompanying this announcement is available by clicking on the image or link below: CAMBRIDGE, Mass., Feb. 01, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles ...

CAMBRIDGE, Mass., Jan. 30, 2023 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles 1 , announced it will issue a press reporting financial results for the fourth quarter and fiscal year ended Decem...

CAMBRIDGE, Mass., Jan. 05, 2023 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles 1 , today announced that Jason Trevisan, Chief Executive Officer, is scheduled to virtually present at the 25...

Summary CarGurus, Inc. is playing catch-up in a rapidly changing wholesale market. Instant Max Cash took a big hit sequentially as the number of transactions and average selling prices fell. Considering macroeconomic factors and not having the processes in place to deal with the cha...