Investing.com - CarGurus reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
CarGurus announced earnings per share of $0.21 on revenue of $426.5M. Analysts polled by Investing.com anticipated EPS of $0.26 on revenue of $466.58M.
CarGurus shares are down 35% from the beginning of the year , still down 72.50% from its 52 week high of $50.03 set on Monday, February 28, 2022.
CarGurus follows other major Communication Services sector earnings this month
CarGurus's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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