$0.01 Earnings Per Share Expected for CarGurus Inc (CARG) This Quarter

Brokerages expect CarGurus Inc (NASDAQ:CARG) to report $0.01 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CarGurus’ earnings. The firm is scheduled to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that CarGurus will report full-year earnings of $0.11 per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $0.12 per share, with EPS estimates ranging from $0.11 to $0.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow CarGurus.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.02 EPS for the quarter. The company had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $79.23 million. The company’s quarterly revenue was up 56.3% on a year-over-year basis.

CARG has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on shares of CarGurus in a research note on Monday, November 6th. They issued a “neutral” rating and a $25.00 price target on the stock. JMP Securities initiated coverage on shares of CarGurus in a research note on Monday, November 6th. They issued a “market perform” rating on the stock. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. BidaskClub upgraded shares of CarGurus from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, William Blair initiated coverage on shares of CarGurus in a research note on Monday, November 6th. They issued an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.00.

Several institutional investors have recently bought and sold shares of CARG. Quantitative Systematic Strategies LLC bought a new stake in shares of CarGurus in the 4th quarter worth about $210,000. Bollard Group LLC bought a new stake in shares of CarGurus in the 4th quarter worth about $318,223,000. Finally, Spinnaker Capital LLC bought a new stake in shares of CarGurus in the 4th quarter worth about $410,972,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Shares of CarGurus (CARG) opened at $32.94 on Friday. CarGurus has a one year low of $25.85 and a one year high of $36.81.

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CarGurus Company Profile

CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.

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