It is expected that CarGururs Inc will declare a their sales were $112.72 million for the most recent quarter, according to sources at Zacks Investment Research. This estimate is being made by three different equities analysts. The top estimate puts CarGururs sales at $113.30 million, and the lowest around $112.20 million. Over the same period of time in the previous year, the company reported sales of $82.99 million, showing a potential growth of around 35.8%. The official earnings report won't be released until mid-November.
On average, analysts expect that CarGurus will report full-year sales of $439.22 million for the current year, with estimates ranging from $436.94 million to $440.60 million. For the next fiscal year, analysts forecast that the firm will post sales of $534.23 million per share, with estimates ranging from $518.81 million to $543.70 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for CarGurus.
CarGurus last posted its earnings results on Tuesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The firm had revenue of $110.33 million during the quarter, compared to analysts’ expectations of $103.84 million. CarGurus had a net margin of 10.34% and a return on equity of 12.60%.
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