CarGurus Reports Q3 Earnings Beat on Revenue and Non-GAAP EPS
CarGurus (NASDAQ: CARG) reported third-quarter financial results that exceeded analyst expectations for both top and bottom lines. The company posted a non-GAAP earnings per share (EPS) of $0.73, surpassing consensus estimates by $0.07, while revenue reached $258.4 million, an 8.3% increase year-over-year and a slight beat over market projections. Looking ahead to the fourth quarter, the company is navigating toward a revenue consensus of approximately $263.49 million with an expected EPS of $0.73. The results reflect steady growth in the automotive marketplace sector as the company maintains its trajectory toward projected full-year revenue growth of 8.05%.
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