Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Lower Myra Falls Hike, which is inevitable in StrateCona Provincial Park Park
    • How to lift the hole in the wall trail near Port Alberani, BC
    • Nice giants and fast collapses: herb animals in Tanzania
    • 3 days in Santorini – the best things to see and do
    • Children’s animals in Tanzania: A video article from Tarangy, Nugurongoro, and Serinjiti
    • This professional traveler reveals how to tour the world without any remorse
    • Spring of 2025 external equipment and new books guide
    • The 18 best beaches in the world
    Facebook X (Twitter) Instagram
    ZEMS BLOG
    • Home
    • Sports
    • Reel
    • Worklife
    • Travel
    • Future
    • Culture
    • Politics
    • Weather
    • Financial Market
    • Crypto
    ZEMS BLOG
    Home » CarGurus had a better quarter, but all eyes are on the weaker steering
    Financial Market

    CarGurus had a better quarter, but all eyes are on the weaker steering

    ZEMS BLOGBy ZEMS BLOGFebruary 27, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Shares of CarGurus Inc. fell. rose 10% in the extended session on Monday after investors looked beyond a better-than-expected quarter for the online car selling platform to focus on weaker current quarter guidance.

    CarGurus Carg,
    +0.21%
    It lost $23.7 million, or 21 cents per share, in the fourth quarter, in contrast to a gain of $159 million, or 20 cents per share, in the same period last year.

    Adjusted for one-time items, the company earned 35 cents per share. Revenue fell 22% to $223.1 million.

    Analysts surveyed by FactSet expected the company to report earnings of 34 cents per share on sales of $220.1 million.

    CarGurus guided total first-quarter revenue of between $201 million and $221 million, below the FactSet consensus for revenue of about $240 million. Likewise, it called for a revised EPS of between 24 cents and 29 cents, against expectations of 31 cents per share, according to FactSet.

    “Looking to 2024, we will continue to invest in growth initiatives while maintaining financial discipline and prioritizing operational excellence and efficient capital allocation,” CEO Jason Trevisan said in a statement.

    CarGurus' results came on the heels of Carvana Inc.'s quarterly results. CVNA,
    +0.94%,
    Which also sells used cars online. Carvana offers used and new cars as well as ways for consumers to research cars they may be interested in.

    Carvana reported a smaller quarterly loss than Wall Street expected and said it was on track to grow this year despite macroeconomic conditions.

    CarGurus shares are up 40% in the past 12 months, compared with an advance of about 28% for the S&P 500 SPX..

    Source link

    ZEMS BLOG
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleLast chance to buy Bitcoin and Ethereum before the rally – TradingView News
    Next Article A history of bad winter weather during the Iowa girls basketball tournament
    ZEMS BLOG
    • Website

    Related Posts

    Rail Gun rises 130.3%: What are analysts' expectations?

    April 17, 2024

    USDCAD is once again above the 1.38000 level

    April 17, 2024

    The changing face of marketing in the digital age

    April 17, 2024
    Leave A Reply Cancel Reply

    Lower Myra Falls Hike, which is inevitable in StrateCona Provincial Park Park

    June 30, 2025

    How to lift the hole in the wall trail near Port Alberani, BC

    June 26, 2025

    Nice giants and fast collapses: herb animals in Tanzania

    June 23, 2025

    3 days in Santorini – the best things to see and do

    June 22, 2025
    Recent Posts
    • Lower Myra Falls Hike, which is inevitable in StrateCona Provincial Park Park
    • How to lift the hole in the wall trail near Port Alberani, BC
    • Nice giants and fast collapses: herb animals in Tanzania
    • 3 days in Santorini – the best things to see and do
    • Children’s animals in Tanzania: A video article from Tarangy, Nugurongoro, and Serinjiti
    About

    ZEMS BLOG in partnership with Holiday Omega keeps you informed. Bringing you the latest news from around the world with fresh perspectives and unique insights. Your daily source for news from around the world. All perspectives, all curated for a global audience.

    Facebook X (Twitter) Instagram YouTube Telegram
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    Subscribe For latest updates

    Type above and press Enter to search. Press Esc to cancel.