CarGurus (CARG) reported earnings on Thur 13 Feb 20 (a/h)

** charts after earnings **

 

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CarGurus beats by $0.04, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY20 EPS below consensus, revs below consensus

Reports Q4 (Dec) earnings of $0.17 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.13; revenues rose 25.4% year/year to $158.15 mln vs the $154.11 mln S&P Capital IQ Consensus.

• Marketplace subscription revenue was $140.6 million, an increase of 24% compared to $113.0 million in the fourth quarter of2018.
• Advertising and other revenue was $17.6 million, an increase of 34% compared to $13.1 million in the fourth quarter of2018.

Co issues downside guidance for Q1, sees EPS of $0.07-0.08, excluding non-recurring items, vs. $0.15 S&P Capital IQ Consensus; sees Q1 revs of $156.5-159.5 mln vs. $163.59 mln S&P Capital IQ Consensus.

Co issues downside guidance for FY20, sees EPS of $0.50-0.55, excluding non-recurring items, vs. $0.66 S&P Capital IQ Consensus; sees FY20 revs of $664-676 mln vs. $706.15 mln S&P Capital IQ Consensus.