CarGurus, Inc. Class A Aktie News

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run rampant.

Some businesses could soon see the bullish side effects of a resilient consumer amongst the pretext of potential interest rate cuts coming this year from the FED. According to the FedWatch tool at the CME Group NASDAQ: CME, these pivots could be coming as soon as May of this year.

CarGurus, Inc. (NASDAQ:CARG) Q4 2023 Earnings Conference Call February 26, 2024 5:00 PM ET

CarGurus Inc. shares fell more than 11% in the extended session Monday after investors looked past a better-than-expected quarter for the online car-selling platform to zero in on weaker current-quarter guidance.

4Q'23 Marketplace Revenue further accelerated to 10% YoY, fastest pace in 10 quarters 4Q'23 Consolidated Net Loss of $(22.6) million, down 197% YoY; 4Q'23 Non-GAAP Consolidated Adjusted EBITDA of $61.2 million, up 120% YoY Repurchased $99.9 million worth of shares in 4Q'23 and a total of $204.1 million worth of shares in FY 2023 CAMBRIDGE, Mass., Feb. 26, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc....

CAMBRIDGE, Mass., Feb. 01, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the fourth quarter and fiscal year ended December 31st, 2023, after the close of the market on February 26th, 2024.

CarGurus is experiencing a return to accelerating growth rates in its marketplace business, which is a high-margin source of revenue. The company has stabilized its wholesale arm and profits are around breakeven despite a smaller scale. CarGurus' improving metrics include an increase in paid dealer counts, higher revenue per paying dealer, and an 8% growth in marketplace revenue.

CAMBRIDGE, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.