CarGurus Announces Third Quarter 2018 Results

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CarGurus Inc. (CARG) PT Raised to $59 at RBC Capital

November 8, 2018 6:57 AM EST

RBC Capital analyst Mark Mahaney raised the price target on CarGurus Inc. (NASDAQ: CARG) to $59.00 (from $55.00) while maintaining an Outperform rating following beat and raise Q3.

The analyst said fundamentals remained robust in Q3, and we believe CARG will maintain premium growth in 2019.

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CarGurus (CARG) Tops Q3 EPS by 3c, Offers Q4 Guidance

November 7, 2018 4:38 PM EST

CarGurus (NASDAQ: CARG) reported Q3 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $119 million versus the consensus estimate of $112.7 million.

GUIDANCE:

CarGurus sees Q4 2018 EPS of $0.06-$0.07, versus the consensus of $0.06. CarGurus sees Q4... More