Recap: CarGurus Q2 Earnings

CarGurus CARG reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

CarGurus beat estimated earnings by 3.23%, reporting an EPS of $0.32 versus an estimate of $0.31.

Revenue was up $293.48 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 22.86% drop in the share price the next day.

Here's a look at CarGurus's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.35	0.30	0.32	0.21
EPS Actual	0.36	0.43	0.38	0.41
Revenue Estimate	403.11M	279.89M	217.72M	190.75M
Revenue Actual	430.61M	339.34M	222.91M	217.75M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

CarGurus management provided guidance for Q3 2022, expecting earnings between $0.25 and $0.28 per share.

To track all earnings releases for CarGurus visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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