CarGurus (CARG) reported earnings on Wed 7 Nov 2018 (a/h)

** charts after earnings **

 

CarGurus beats by $0.03, beats on revs; guides Q4 EPS in-line, revs above consensus 

Reports Q3 (Sep) earnings of $0.08 per share, excluding non-recurring items, $0.03 better thanthe S&P Capital IQ Consensus of $0.05; revenues rose 43.4% year/year to $119.04 mln vs the $112.7 mln S&P Capital IQ Consensus.

• Marketplace subscription revenue was $105.8 million, an increase of 43% compared to $73.9 million in the third quarter of 2017.
• Advertising and other revenue was $13.2 million, an increase of 46% compared to $9.1 million in the third quarter of 2017.
• Adjusted EBITDA, a non-GAAP metric, was $10.5 million, compared to $4.0 million in the third quarter of 2017.

Co issues guidancefor Q4, sees EPS of $0.06-0.07, excluding non-recurring items, vs. $0.06 S&P Capital IQ Consensus; sees Q4 revs of $121-122 mln vs. $116.79 mln S&P Capital IQ Consensus.