CarGurusCARG
▲ PositiveCapitalrelevance
Revenue and EPS beat estimates, with EPS up from $0.57 to $0.66.
Impact on assets 1
Communication Services
CarGurusCarGurus Q2 revenue rises 7.2% to $250.97 million, EPS beats estimates
2▲1 ▼0Impact / 5
CarGurus reported second-quarter revenue of $250.97 million, up 7.2% year-over-year, while earnings per share came in at $0.66 compared to $0.57 a year ago. Revenue exceeded the Zacks Consensus Estimate of $249.43 million by 0.62%, and EPS beat the consensus of $0.62 by 6.45%. The company's total paying dealers reached 34,629, slightly below the analyst estimate of 34,937, with U.S. paying dealers at 26,151 versus an expected 26,297 and international paying dealers at 8,478 versus an expected 8,640. Consolidated quarterly average revenue per subscribing dealer was $6,771, above the $6,756.05 estimate, driven by U.S. QARSD of $8,134 versus an $8,089.57 estimate and international QARSD of $2,568 versus a $2,533.41 estimate.
CarGurusRevenue and EPS beat estimates, with EPS up from $0.57 to $0.66.