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Insights Into CarGurus (CARG) Q3: Wall Street Projections for Key Metrics
CARGCarGurus(CARG) ZACKS·2024-11-06 15:20

Core Insights - CarGurus (CARG) is expected to report quarterly earnings of 0.42pershare,reflectinga23.50.42 per share, reflecting a 23.5% increase year-over-year [1] - Analysts forecast revenues of 223.01 million, indicating a 1.6% year-over-year growth [1] - The consensus EPS estimate has been adjusted downward by 3.8% over the past 30 days, showing a reassessment by analysts [1] Revenue Estimates - 'Revenue- Marketplace' is projected at 201.52million,representinga13.3201.52 million, representing a 13.3% year-over-year increase [4] - 'Revenue- Wholesale' is expected to reach 11.86 million, indicating a significant decline of 45.5% from the previous year [4] - 'Revenue- Product' is estimated at $9.13 million, reflecting a decrease of 53.9% compared to the prior-year quarter [4] Dealer Metrics - The consensus estimate for 'Paying Dealers - Total' is 31,542, up from 31,191 a year ago [5] - 'Paying Dealers - U.S' is estimated at 24,534, compared to 24,368 in the same quarter last year [5] - 'Paying Dealers - International' is projected at 6,946, slightly up from 6,823 a year ago [5] Stock Performance - CarGurus shares have increased by 5.1% in the past month, outperforming the Zacks S&P 500 composite, which rose by 0.7% [5] - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [5]