CarGurus Inc reports results for the quarter ended September 30 - Earnings Summary

• CarGurus Inc CARG reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 40 cents to 48 cents per share.

• Revenue rose 5.4% to $231.36 million from a year ago; analysts expected $223.54 million.

• CarGurus Inc's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of $22.51 million.

• CarGurus Inc shares had risen by 11.1% this quarter and gained 38.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for CarGurus Inc is $38.00

This summary was machine generated from LSEG data November 9 at 12:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)