CarGurus raises Q3 earnings outlook but forecasts slowing Q4 revenue growth
CARG CarGurus Inc
$34.59 +0.12%
View chart & analysis → - 1CarGurus' Q3 non-GAAP EPS of $0.70 exceeded the Q3 consensus EPS of $0.66.
- 2The board approved a new $250 million share repurchase program running through 2027.
- 3Management cited decreased bookings in the first half, ongoing dealer margin pressure, and weakened consumer demand due to high gas prices and interest rates as reasons for slowing Q4 revenue growth.
So what's the key point?
CarGurus earned more profit than experts expected. However, revenue growth is expected to slow down in the fourth quarter.
Source Earnings Whispers +1 · View original ↗
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