CarGurus (NASDAQ:CARG) reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

CarGurus beat estimated earnings by 3.23%, reporting an EPS of $0.32 versus an estimate of $0.31.

Revenue was up $293.48 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 22.86% drop in the share price the next day.

Here's a look at CarGurus's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

CarGurus management provided guidance for Q3 2022, expecting earnings between $0.25 and $0.28 per share.

To track all earnings releases for CarGurus visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.