Stock Track | Cargurus Plunges 9.15% in Pre-Market on Revenue Miss Despite EPS Beat

Stock Track

Feb 21, 2025

Cargurus Inc. (CARG) stock plummeted 9.15% in the pre-market trading session on Friday, following the company's fourth-quarter 2024 earnings report, which missed revenue expectations despite beating on earnings per share (EPS).

The online automotive marketplace reported revenue of $228.54 million for the quarter, falling short of analysts' expectations of $232.51 million. However, Cargurus delivered adjusted EPS of $0.55, surpassing the consensus estimate of $0.52 and marking a significant improvement from the same quarter last year when the company reported EPS of $0.35.

Despite the mixed results, Needham analysts maintained their "Buy" rating on Cargurus and reiterated a price target of $45.00 per share, indicating their belief in the company's long-term growth prospects. Nevertheless, investors appeared to focus more on the revenue miss, driving the stock lower in early trading.

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(CARG) stock plummeted 9.15% in the pre-market trading session on Friday, following the company's fourth-quarter 2024 earnings report, which missed revenue expectations despite beating on earnings per share (EPS).</p>\n\n<p>The online automotive marketplace reported revenue of $228.54 million for the quarter, falling short of analysts' expectations of $232.51 million. However, Cargurus delivered adjusted EPS of $0.55, surpassing the consensus estimate of $0.52 and marking a significant improvement from the same quarter last year when the company reported EPS of $0.35.</p>\n\n<p>Despite the mixed results, Needham analysts maintained their \"Buy\" rating on Cargurus and reiterated a price target of $45.00 per share, indicating their belief in the company's long-term growth prospects. Nevertheless, investors appeared to focus more on the revenue miss, driving the stock lower in early trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CARG","symbol_name":"Cargurus Inc.","start_time":0,"source_url":"","article_id":"1122134294","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122134294","pubTimestamp":1740146067,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cargurus Inc.  stock plummeted 9.15% in the pre-market trading session on Friday, following the company's fourth-quarter 2024 earnings report, which missed revenue expectations despite beating on earnings per share .The online automotive marketplace reported revenue of $228.54 million for the quarter, falling short of analysts' expectations of $232.51 million. 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