|Bid||27.35 x 1800|
|Ask||27.90 x 800|
|Day's Range||25.10 - 27.42|
|52 Week Range||17.37 - 36.54|
|Beta (5Y Monthly)||1.93|
|PE Ratio (TTM)||40.22|
|Earnings Date||Aug 04, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.36|
With me on the call today are Jason Trevisan, Chief Executive Officer; Scot Fredo, Chief Financial Officer; and Sam Zales, President and Chief Operating Officer. During the call, we will make statements regarding our business that may be considered forward-looking within applicable securities laws, including statements concerning our outlook for the second quarter 2021, management's expectations for our future financial and operational performance and innovation, our business and growth strategies, the future proposition of our CarOffer acquisition, the potential impact of the COVID-19 pandemic and other macro-level industry issues on our business and financial results.
Shares of CarGurus (NASDAQ: CARG), which operates a well-known online automotive marketplace, gained 13.6% in Friday trading after the company released better-than-expected first-quarter earnings and revenues. The report's highlights include a 9% increase in total revenue to $171.4 million, which topped analysts' estimates for revenue of $158.9 million. International revenue -- which accounts for only a small fraction of its total -- declined by 14%.
CarGurus (CARG) delivered earnings and revenue surprises of 43.48% and 8.19%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?