From StockTwits: 2025-02-21 04:04:17

CarGurus, Inc. (CARG) reported a 2% increase in revenue year over year, reaching $228.5 million in the fourth quarter of fiscal year 2024. Despite this, the stock fell in after-hours trading due to subpar guidance for the first quarter. Total paying dealers increased by 3%, and Quarterly Average Revenue per Subscribing Dealer (QARSD) rose by 12% to $6,144. The company expects adjusted EPS of $0.41-$0.47 and revenue of $216 million to $236 million for the first quarter. Stock sentiment on Stocktwits remained ‘bearish,’ with some users noting the significant revenue miss and lackluster performance in a strong car market. After shedding 6.89% in after-hours trading, the stock closed at $35.



Read more at StockTwits: CarGurus Stock Slides After Mixed Q4 Results, Weak Guidance: Retail Mood Worsens