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Curious about CarGurus (CARG) Q4 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts expect CarGurus (CARG - Free Report) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates a year-over-year increase of 59.1%. Revenues are expected to be $218.14 million, down 23.9% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some CarGurus metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenue- Marketplace' will likely reach $181.29 million. The estimate suggests a change of +9.1% year over year.
Analysts predict that the 'Revenue- Wholesale' will reach $20.32 million. The estimate indicates a year-over-year change of -14.1%.
The consensus estimate for 'Revenue- Product' stands at $16.20 million. The estimate points to a change of -83.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Paying Dealers - Total' of 31,240. The estimate is in contrast to the year-ago figure of 31,307.
Analysts forecast 'Paying Dealers - U.S' to reach 24,393. Compared to the present estimate, the company reported 24,567 in the same quarter last year.
Analysts expect 'Paying Dealers - International' to come in at 6,832. The estimate compares to the year-ago value of 6,740.
Shares of CarGurus have demonstrated returns of -0.4% over the past month compared to the Zacks S&P 500 composite's +3% change. With a Zacks Rank #4 (Sell), CARG is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Curious about CarGurus (CARG) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts expect CarGurus (CARG - Free Report) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates a year-over-year increase of 59.1%. Revenues are expected to be $218.14 million, down 23.9% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some CarGurus metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenue- Marketplace' will likely reach $181.29 million. The estimate suggests a change of +9.1% year over year.
Analysts predict that the 'Revenue- Wholesale' will reach $20.32 million. The estimate indicates a year-over-year change of -14.1%.
The consensus estimate for 'Revenue- Product' stands at $16.20 million. The estimate points to a change of -83.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Paying Dealers - Total' of 31,240. The estimate is in contrast to the year-ago figure of 31,307.
Analysts forecast 'Paying Dealers - U.S' to reach 24,393. Compared to the present estimate, the company reported 24,567 in the same quarter last year.
Analysts expect 'Paying Dealers - International' to come in at 6,832. The estimate compares to the year-ago value of 6,740.
View all Key Company Metrics for CarGurus here>>>
Shares of CarGurus have demonstrated returns of -0.4% over the past month compared to the Zacks S&P 500 composite's +3% change. With a Zacks Rank #4 (Sell), CARG is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>