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Why CarGurus Stock Raced Ahead 11% Today

TheMotleyFool

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Shares of online automotive marketplace CarGurus (NASDAQ: CARG) are jumping today, up 11.5% as of 11:30 a.m. ET, after the company crushed analysts' earnings estimates in its Q4 report last night.

Heading into the quarter, Wall Street had forecast that CarGurus would earn $0.10 per share on sales of $281.4 million. In fact, sales were $286.7 million, and CarGuru earned more than twice what it was supposed to: $0.22 per share.

But not all the news was good.

Source Fool.com

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