CarGurus Q3 EPS misses by $0.04 at $0.21

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CARGURUS ($NASDAQ:CARG): CarGurus is an online automotive marketplace that connects car shoppers with local dealers. In its Q3 earnings release, CarGurus announced that its Non-GAAP EPS came in at $0.21, missing the consensus estimate by $0.04. Despite the miss in Q3, CarGurus shares were up slightly in after-hours trading on the news.

Earnings

CarGurus is a global online automotive marketplace connecting buyers and sellers of new and used cars. The company offers a wide selection of vehicles, as well as pricing information and tools to help buyers make informed decisions. Net income for the quarter was $13.6 million, a decrease of 112.5% from the same quarter last year. The company attributes this growth to continued investment in its technology platform and expansion into new markets.

Share Price

CarGurus, an online automotive marketplace, missed its third-quarter earnings per share estimates by $0.04, reporting $0.21 in earnings per share. At the time of writing, news reports on the company’s earnings were mostly negative. On Tuesday, CARGURUS stock opened at $14.40 and closed at $13.80, down 3.2% from its previous closing price of $14.20.

VI Analysis

Cargurus.com is an online automotive marketplace that connects car shoppers with sellers. The company’s website provides listings of new and used cars for sale, as well as pricing information and car-buying advice. Cargurus.com is a publicly-traded company, and its stock is listed on the Nasdaq stock exchange.

Based on the company’s VI Risk Rating, Cargurus.com is a medium risk investment in terms of financial and business aspects. The company has two risk warnings in its balance sheet and financial journal, but overall its financial position is strong.

VI Peers

In the online automotive marketplace, CarGurus Inc competes with Liberty TripAdvisor Holdings Inc, Points.com Inc, and Camplify Holdings Ltd. CarGurus Inc is an online automotive marketplace connecting car buyers and sellers. Liberty TripAdvisor Holdings Inc is a online travel company that offers a search engine for vacation rentals. Points.com Inc is a provider of loyalty programs. Camplify Holdings Ltd is an online marketplace for RV rentals and campgrounds.

– Liberty TripAdvisor Holdings Inc ($NASDAQ:LTRPA)

Liberty TripAdvisor Holdings Inc is a online travel company. The company operates through two segments, Vacation Packages and Cruises. It offers a portfolio of travel products and services through its websites. The company was founded in 2008 and is headquartered in Denver, Colorado.

Summary

If you’re looking for a stock that’s beaten down and could be ripe for a rebound, CarGurus might be worth considering. CarGurus is an online automotive marketplace that connects buyers and sellers of new and used cars. Still, CarGurus remains a well-positioned player in the online car market, and it could benefit from continued growth in the used car market. With the stock trading at such a low valuation, it could be worth taking a chance on CarGurus as a turnaround play.