CarGurus Shares Fall Despite Q1 Results Edging Above Estimates

MT Newswires Live

May 08

CarGurus (CARG) shares fell 6.5% in Friday trading even after the company reported Q1 results that edged above Wall Street estimates.

Non-GAAP earnings rose to $0.58 per diluted share from $0.48 a year earlier, the company said Thursday. Analysts polled by FactSet expected $0.57.

Revenue in the three months ended March 31 rose to $243.6 million from $212.2 million a year earlier. Analysts surveyed by FactSet expected $243.1 million.

Q1 results also showed a 23% drop in GAAP net income, $19.7 million in impairment charges, higher operating expenses and narrower margins.

The company expects Q2 non-GAAP EPS of $0.57 to $0.64 on revenue of $247 million to $252 million. Analysts polled by FactSet expect EPS of $0.61 on revenue of $249.6 million.

Price: 35.68, Change: -2.48, Percent Change: -6.50

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Analysts polled by FactSet expect EPS of $0.61 on revenue of $249.6 million.</p><p>Price: 35.68, Change: -2.48, Percent Change: -6.50</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4077","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2633508664","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633508664","pubTimestamp":1778251460,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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