Cargurus Sell My Car
Published 4:44 pm CST, Thursday, February 13, 2020
CAMBRIDGE, Mass. (AP) _ CarGurus Inc. (CARG) on Thursday appear fourth-quarter accumulation of $13.2 million.
On a per-share basis, the Cambridge, Massachusetts-based aggregation said it had net assets of 12 cents. Earnings, adapted for banal advantage amount and costs accompanying to mergers and acquisitions, were 17 cents per share.
The after-effects exceeded Wall Street expectations. The boilerplate appraisal of four analysts surveyed by Zacks Investment Research was for balance of 14 cents per share.
The online auto arcade belvedere acquaint acquirement of $158.2 actor in the period, additionally topping Street forecasts. Four analysts surveyed by Zacks accepted $154.8 million.
For the year, the aggregation appear accumulation of $42.1 million, or 37 cents per share. Acquirement was appear as $588.9 million.
For the accepted division catastrophe in April, CarGurus expects its per-share balance to ambit from 7 cents to 8 cents.
The aggregation said it expects acquirement in the ambit of $156.5 actor to $159.5 actor for the budgetary aboriginal quarter.
CarGurus expects full-year balance in the ambit of 50 cents to 55 cents per share, with acquirement alignment from $664 actor to $676 million.
CarGurus shares accept alone 3% back the alpha of the year. In the final account of trading on Thursday, shares hit $34.10, a abatement of 15% in the aftermost 12 months.
This adventure was generated by Automated Insights (http://automatedinsights.com/ap) application abstracts from Zacks Investment Research. Access a Zacks banal address on CARG at https://www.zacks.com/ap/CARG
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