CarGurus, Inc. (NASDAQ:CARG) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CARG to report 3Q20 income of $ 0.22 per share.
For the full year, analysts anticipate top line of $ 527.56 million, while looking forward to income of $ 0.69 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.21 ~ $ 0.23 per share, while revenues are expected in a range of $ 132.00 million ~ $ 135.00 million
Full Year 2020 topline are forecasted in a range of$ 518.00 million ~ $ 524.00 million, where as bottomline are predicted in a range of $ 0.66 ~ $ 0.69 per share
Click Here For More Historical Outlooks Of CarGurus, Inc.
Previous Quarter Performance
CarGurus, Inc. unfold income for the second quarter of $ 0.19 per share, from the revenue of $ 94.74 million. The quarterly earnings 90.00 percent while revenues down 34.68 percent compared with the same quarter last year. Street analysts expected $ 86.32 million. The top line results outshined analysts by $ 8.42 million or 9.75 percent.
Stock Performance
Shares of CarGurus, Inc. traded up $ 0.33 or 1.55 percent on Wednesday, reaching $ 21.58 with volume of 1.34 million shares. CarGurus, Inc. has traded high as $ 22.24 and has cracked $ 21.29 on the downward trend
The closing price of $ 21.58, representing a 49.12 % increase from the 52 week low of $ 14.25 and a 48.06 % decrease over the 52 week high of $ 40.91.
The company has a market capital of $ 2.44 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
CarGurus, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cargurus.com
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.
