Q3 Earnings Outlook For CarGurus

CarGurus CARG unveils its next round of earnings this Tuesday, November 5. Get prepared with Benzinga's ultimate preview for CarGurus's Q3 earnings.

Earnings and Revenue

CarGurus earnings will be near 9 cents per share on sales of $148.21 million, according to analysts.

In the same quarter last year, CarGurus reported earnings per share of 8 cents on sales of $119.04 million. Revenue would be up 24.50% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are down 22.47%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with CarGurus. The strength of this rating has maintained conviction over the past three months.

Conference Call

CarGurus is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/8mnm6do4