Cargurus Inc is an online automotive marketplace that connects buyers and sellers of vehicles, facilitating the car shopping and selling process. The company provides a platform where users can browse a large inventory of new and used cars, compare listings from various dealerships and private sellers, access vehicle history reports, and read reviews. By utilizing advanced algorithms and extensive data, Cargurus helps consumers find fair market prices for vehicles, while also offering tools and resources for dealers to reach a broader audience. The platform enhances transparency in the automotive market, making car buying and selling a more efficient experience for all parties involved.
Looming tariffs, questions on the future of electric vehicle tax credits, and ongoing affordability pressures stand to influence new and used pricing and demand
Looking back on online marketplace stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including CarGurus (NASDAQ:CARG) and its peers.
BOSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Elisa Palazzo, Chief Financial Officer, is scheduled to participate in a fireside chat at RBC’s 2024 Global Technology, Internet, Media and Telecommunications Conference on Tuesday, November 19, 2024 at 4:00 PM ET.
Shares of online auto marketplace CarGurus (NASDAQ:CARG) jumped 15.2% in the morning session after the company reported impressive third-quarter earnings that blew past analysts' revenue and EBITDA expectations. The improvement in sales was driven by a 15% year-on-year growth in marketplace revenue, showcasing the company's successful focus on customer engagement and dealer retention.
Online auto marketplace CarGurus (NASDAQ:CARG) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 5.4% year on year to $231.4 million. Guidance for next quarter’s revenue was better than expected at $229 million at the midpoint, 1.5% above analysts’ estimates. Its GAAP profit of $0.21 per share was 26% below analysts’ consensus estimates.
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.
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Analysis of third quarter trends also highlights hybrid demand overtaking electric vehicles, the ongoing balance between new car inventory and sales, and more
CAMBRIDGE, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Elisa Palazzo, Chief Financial Officer, is scheduled to participate in a fireside chat at Citi's 2024 Global TMT Conference on Thursday, September 5, 2024 at 3:00 PM ET.
