Stock Track | CarGurus Soars 6.26% After Hours on Q1 Earnings Beat and Strong Q2 Outlook

Stock Track
2025/05/09

CarGurus Inc. (NASDAQ: CARG) saw its stock price surge 6.26% in after-hours trading on Thursday, following the release of its first-quarter earnings report that exceeded analyst expectations and provided an optimistic outlook for the second quarter.

The online automotive marketplace reported adjusted earnings per share of $0.46 for Q1, surpassing the analyst consensus estimate of $0.43 by 6.98%. This represents a significant 43.75% increase from the $0.32 per share reported in the same period last year. CarGurus' adjusted EBITDA for the quarter came in at $66.3 million, beating the IBES estimate of $63.6 million. The company's net income for Q1 stood at a robust $39 million.

While CarGurus' Q1 revenue of $225.2 million slightly missed the IBES estimate of $226.6 million, it still marked a 4.34% increase from the $215.80 million reported in the same quarter of the previous year. Looking ahead, the company provided a strong outlook for Q2, projecting adjusted earnings per share between $0.52 and $0.58, and revenue in the range of $222 million to $242 million. This positive forecast, combined with the earnings beat, appears to have fueled investor optimism, driving the stock's after-hours rally.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10