💨 Abstract

CarGurus Inc. reported a first-quarter net income of $39 million, with adjusted earnings per share of 46 cents, surpassing Wall Street expectations. However, the company's revenue of $225.2 million missed forecasts. CarGurus anticipates second-quarter earnings per share between 52 to 58 cents and revenue between $222 million to $242 million.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖