Stock Track | CarGurus Soars 6.26% After Hours on Q1 Earnings Beat and Strong Q2 Outlook

Stock Track

May 09, 2025

CarGurus Inc. (NASDAQ: CARG) saw its stock price surge 6.26% in after-hours trading on Thursday, following the release of its first-quarter earnings report that exceeded analyst expectations and provided an optimistic outlook for the second quarter.

The online automotive marketplace reported adjusted earnings per share of $0.46 for Q1, surpassing the analyst consensus estimate of $0.43 by 6.98%. This represents a significant 43.75% increase from the $0.32 per share reported in the same period last year. CarGurus' adjusted EBITDA for the quarter came in at $66.3 million, beating the IBES estimate of $63.6 million. The company's net income for Q1 stood at a robust $39 million.

While CarGurus' Q1 revenue of $225.2 million slightly missed the IBES estimate of $226.6 million, it still marked a 4.34% increase from the $215.80 million reported in the same quarter of the previous year. Looking ahead, the company provided a strong outlook for Q2, projecting adjusted earnings per share between $0.52 and $0.58, and revenue in the range of $222 million to $242 million. This positive forecast, combined with the earnings beat, appears to have fueled investor optimism, driving the stock's after-hours rally.

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(NASDAQ: CARG) saw its stock price surge 6.26% in after-hours trading on Thursday, following the release of its first-quarter earnings report that exceeded analyst expectations and provided an optimistic outlook for the second quarter.</p>\n\n<p>The online automotive marketplace reported adjusted earnings per share of $0.46 for Q1, surpassing the analyst consensus estimate of $0.43 by 6.98%. This represents a significant 43.75% increase from the $0.32 per share reported in the same period last year. CarGurus' adjusted EBITDA for the quarter came in at $66.3 million, beating the IBES estimate of $63.6 million. The company's net income for Q1 stood at a robust $39 million.</p>\n\n<p>While CarGurus' Q1 revenue of $225.2 million slightly missed the IBES estimate of $226.6 million, it still marked a 4.34% increase from the $215.80 million reported in the same quarter of the previous year. 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(NASDAQ: CARG) saw its stock price surge 6.26% in after-hours trading on Thursday, following the release of its first-quarter earnings report that exceeded analyst expectations and provided an optimistic outlook for the second quarter.</p>\n\n<p>The online automotive marketplace reported adjusted earnings per share of $0.46 for Q1, surpassing the analyst consensus estimate of $0.43 by 6.98%. This represents a significant 43.75% increase from the $0.32 per share reported in the same period last year. CarGurus' adjusted EBITDA for the quarter came in at $66.3 million, beating the IBES estimate of $63.6 million. The company's net income for Q1 stood at a robust $39 million.</p>\n\n<p>While CarGurus' Q1 revenue of $225.2 million slightly missed the IBES estimate of $226.6 million, it still marked a 4.34% increase from the $215.80 million reported in the same quarter of the previous year. 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This represents a significant 43.75% increase from the $0.32 per share reported in the same period last year. CarGur","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CARG":"Cargurus Inc."},"translate_title":"由于第一季度盈利超出预期和强劲的第二季度前景，CarGurus盘后飙升6.26%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CARG":1},"content_text":"CarGurus Inc. (NASDAQ: CARG) saw its stock price surge 6.26% in after-hours trading on Thursday, following the release of its first-quarter earnings report that exceeded analyst expectations and provided an optimistic outlook for the second quarter.\nThe online automotive marketplace reported adjusted earnings per share of $0.46 for Q1, surpassing the analyst consensus estimate of $0.43 by 6.98%. This represents a significant 43.75% increase from the $0.32 per share reported in the same period last year. CarGurus' adjusted EBITDA for the quarter came in at $66.3 million, beating the IBES estimate of $63.6 million. The company's net income for Q1 stood at a robust $39 million.\nWhile CarGurus' Q1 revenue of $225.2 million slightly missed the IBES estimate of $226.6 million, it still marked a 4.34% increase from the $215.80 million reported in the same quarter of the previous year. Looking ahead, the company provided a strong outlook for Q2, projecting adjusted earnings per share between $0.52 and $0.58, and revenue in the range of $222 million to $242 million. This positive forecast, combined with the earnings beat, appears to have fueled investor optimism, driving the stock's after-hours rally.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}