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CarGurus(CARG) - 2024 Q3 - Quarterly Results
2024-11-08 05:10
Exhibit 99.1 (1) CarGurus Announces Third Quarter 2024 Results Q3'24 Marketplace revenue further accelerated to 15% YoY Consolidated GAAP Net Income of $22.5 million 1, up 19% YoY; Non-GAAP Consolidated Adjusted EBITDA of $64.9 million, up 33% YoY CarGurus' Board of Directors authorized $200.0 million share repurchase program for fiscal year 2025 BOSTON, November 7, 2024 - CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today a ...
Insights Into CarGurus (CARG) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-11-06 23:20
The upcoming report from CarGurus (CARG) is expected to reveal quarterly earnings of $0.42 per share, indicating an increase of 23.5% compared to the year-ago period. Analysts forecast revenues of $223.01 million, representing an increase of 1.6% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a com ...
CarGurus' Latest Digital Retail Solution Connects Canadian Dealers with Purchase-Ready Shoppers More Efficiently
GlobeNewswire News Room· 2024-11-04 22:00
BOSTON, Nov. 04, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the fastest-growing automotive shopping site in Canada1, today introduced a new digital retail solution that powers more seamless and efficient connections between dealers and purchase-ready shoppers in Canada. CarGurus Digital Deal enables consumers to start their financing application online for eligible new and used vehicles, book an appointment, and start a trade-in before completing the process at the dealership. “By allowing car shoppe ...
CarGurus To Report Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-18 04:05
BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the third quarter ended September 30, 2024, after the close of the market on November 7, 2024. CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on November 7, 2024. To access t ...
CarGurus Celebrates Opening of New Global Headquarters in Boston
GlobeNewswire News Room· 2024-10-18 00:15
As the anchor tenant at 1001 Boylston St., CarGurus debuts state-of-the-art space designed to maximize connectivity, collaboration, and innovation BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today marked the opening of its new global headquarters in Boston's Back Bay neighborhood. Located at 1001 Boylston Street, the new office underscores CarGurus' commitment to the Boston region w ...
Need for Vehicle Affordability Becoming More Pronounced, According to New CarGurus Report
GlobeNewswire News Room· 2024-10-08 21:00
Analysis of third quarter trends also highlights hybrid demand overtaking electric vehicles, the ongoing balance between new car inventory and sales, and more BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its Quarterly Review for Q3 2024, identifying areas of opportunity as the consumer need for affordability becomes more pronounced. "As we near the end of 2024, it's cl ...
Best Growth Stocks to Buy for October 3rd
ZACKS· 2024-10-03 16:56
文章核心观点 - 文章推荐了3只具有买入评级和强劲增长特征的股票供投资者考虑 [1] - 这3只股票分别是Vertex, Inc.(VERX)、CarGurus, Inc.(CARG)和Unilever PLC(UL) [1] Vertex, Inc.(VERX) - 该公司是一家税务技术解决方案提供商,目前拥有Zacks第1级评级 [1] - 该公司过去60天内当前年度盈利预测值上升了9.4% [1] - 该公司的PEG率为6.57,而行业平均为44.22,公司拥有B级成长评分 [1] CarGurus, Inc.(CARG) - 该公司是一家在线汽车市场平台,目前拥有Zacks第1级评级 [1] - 该公司过去60天内当前年度盈利预测值上升了11.7% [1] - 该公司的PEG率为1.04,而行业平均为1.01,公司拥有A级成长评分 [1] Unilever PLC(UL) - 该公司是一家快速消费品公司,目前拥有Zacks第1级评级 [1] - 该公司过去60天内当前年度盈利预测值上升了5.5% [1] - 该公司的PEG率为1.94,而行业平均为2.90,公司拥有B级成长评分 [2]
Best Growth Stocks to Buy for September 27th
ZACKS· 2024-09-27 18:31
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, September 27th: Okta, Inc. (OKTA) : This identity solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. Okta has a PEG ratio of 1.26 compared with 4.89 for the industry. The company possesses a Growth Score of B. CarGurus, Inc. (CARG) : This online automotive marketplace a Zacks Rank #1, and has witnes ...
CarGurus (CARG) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-09-26 01:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
Best Growth Stocks to Buy for September 25th
ZACKS· 2024-09-25 19:11
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, September 25th: KT Corporation (KT) : This telecommunications and platform services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days. KT has a PEG ratio of 0.73 compared with 1.04 for the industry. The company possesses a Growth Score of B. CarGurus, Inc. (CARG) : This online automotive marketplace a Zacks R ...