CarGurus (CARG) Set to Announce Quarterly Earnings on Tuesday
CarGurus (NASDAQ:CARG) will issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, May 9th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The business had revenue of $135.30 million for the quarter, compared to the consensus estimate of $129.54 million. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The company’s revenue was up 37.2% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. On average, analysts expect CarGurus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ:CARG traded down $0.01 during mid-day trading on Tuesday, hitting $36.87. 13,436 shares of the company traded hands, compared to its average volume of 557,479. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 64.77, a P/E/G ratio of 4.04 and a beta of 1.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.74 and a current ratio of 2.74. CarGurus has a 52-week low of $30.29 and a 52-week high of $57.25. The stock’s 50 day moving average price is $36.57.
In other news, insider Sarah Amory Welch sold 2,500 shares of CarGurus stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $36.00, for a total value of $90,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Kathleen Bender Patton sold 2,413 shares of CarGurus stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $35.80, for a total value of $86,385.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,048,906 shares of company stock valued at $112,962,268. 34.51% of the stock is owned by insiders.
CarGurus Company Profile
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.
Featured Article: Why do company’s buyback their stock?
Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.