Latest news with #JasonTrevisan
Yahoo
5 days ago
- Automotive
- Yahoo
CARG Q1 Earnings Call: CarGurus Highlights Marketplace Growth and Strategic Product Investments
Online auto marketplace CarGurus (NASDAQ:CARG) met Wall Street's revenue expectations in Q1 CY2025, with sales up 4.3% year on year to $225.2 million. The company expects next quarter's revenue to be around $232 million, close to analysts' estimates. Its non-GAAP profit of $0.46 per share was 5.5% above analysts' consensus estimates. Is now the time to buy CARG? Find out in our full research report (it's free). Revenue: $225.2 million vs analyst estimates of $226.2 million (4.3% year-on-year growth, in line) Adjusted EPS: $0.46 vs analyst estimates of $0.44 (5.5% beat) Revenue Guidance for Q2 CY2025 is $232 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $0.55 at the midpoint, above analyst estimates of $0.45 EBITDA guidance for Q2 CY2025 is $75.5 million at the midpoint, above analyst estimates of $65.68 million Operating Margin: 20.3%, up from 12.2% in the same quarter last year Paying Dealers: 32,372, up 1,197 year on year Market Capitalization: $3.17 billion CarGurus' first quarter results were shaped by ongoing expansion in its core marketplace business, with management emphasizing growth in both dealer count and the adoption of value-added products. CEO Jason Trevisan detailed how enhancements to dealer tools, such as VIN-level targeting and broader use of data-driven insights, led to more granular inventory control and improved lead quality for dealers. International markets also contributed, with the company reporting strong adoption and increased dealer engagement in Canada and the U.K. President Sam Zales pointed to a double-digit uptick in OEM (original equipment manufacturer) advertising revenue, attributed to increased consumer traffic and the platform's positioning among auto shoppers. Management acknowledged that gains in marketplace operations were partially offset by ongoing challenges in the digital wholesale segment, which remains subject to structural and operational headwinds. Looking ahead, CarGurus' guidance for the next quarter is underpinned by expectations of continued marketplace growth and targeted investments in product innovation and marketing. CEO Jason Trevisan stated that the company plans to 'reinvest behind that momentum, particularly in marketing, international product innovation,' rather than maximizing near-term margin expansion, aiming to deepen engagement with both consumers and dealers. Management cautioned that the macro environment—especially ongoing tariff uncertainty—could impact ad spending and dealer sentiment, but emphasized that strong lead quality and dealer data tools position CarGurus well to navigate volatility. The company is also conducting a strategic review of its digital wholesale business, with Trevisan indicating that 'shifts in market conditions may influence the exit rate' for growth in the second half of the year, and that changes to the CarOffer business model are being considered to improve profitability and scalability. Management attributed the quarter's performance to robust marketplace adoption, product enhancements, and international expansion, while also discussing operational challenges in its wholesale business. Marketplace product adoption: New features such as VIN-level targeting and expanded Dealer Data Insights tools enabled dealers to better manage inventory and optimize pricing, leading to higher lead conversion rates and increased engagement across the platform. International growth momentum: The company saw 20% year-over-year revenue growth internationally, driven by increased dealer adoption and strong brand engagement, with CarGurus cited as the most downloaded auto app in Canada for the quarter. OEM advertising strength: Double-digit gains in OEM advertising revenue were supported by annual upfront commitments and increased consumer traffic, reinforcing CarGurus' value proposition to manufacturers. Digital wholesale headwinds: Transaction volume in the digital wholesale (CarOffer) segment declined, with management citing both operational inefficiencies and platform rigidity as factors. A strategic review is underway to identify more sustainable revenue models. Dealer network expansion: CarGurus added nearly 1,200 net new global dealers year-over-year, with a focus on long-term contracts and deeper dealer engagement, reflecting increased reliance on the platform despite macroeconomic uncertainty. Management expects investment in product development and marketing to support marketplace growth, while the wholesale segment undergoes strategic review and faces industry uncertainty. Continued product innovation: CarGurus is prioritizing new AI-driven features and tools aimed at streamlining the dealer workflow and improving the consumer shopping journey, which management believes will help retain and attract both dealers and shoppers. Wholesale business restructuring: The company is reassessing its digital wholesale model (CarOffer) to address operational challenges and adapt to market volatility, with the possibility of significant changes to improve long-term profitability. Macroeconomic and industry risks: Ongoing uncertainty around tariffs and consumer sentiment may influence OEM ad spending and dealer investment, introducing volatility to revenue streams, particularly in the second half of the year. In the coming quarters, the StockStory team will be monitoring (1) the success of ongoing product innovation and its effect on dealer retention and revenue per dealer, (2) signals of stabilization or improvement in the digital wholesale segment as strategic changes are implemented, and (3) the resilience of OEM advertising and dealer demand in the face of macroeconomic and tariff-related uncertainties. Execution in international markets and the ability to maintain margin expansion will also be key areas of focus. CarGurus currently trades at a forward EV/EBITDA ratio of 11.9×. Should you double down or take your chips? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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Yahoo
27-05-2025
- Automotive
- Yahoo
CarGurus to Present at William Blair's 45th Annual Growth Stock Conference
BOSTON, May 27, 2025 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 most visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to participate in a fireside chat at William Blair's 45th Annual Growth Stock Conference on Tuesday, June 3, 2025, at 10:20 AM ET. A webcast of the fireside chat will be accessible from the Investor Relations page of the company's website at beginning at the time indicated above, and an archive of the presentation will be available there for 30 days following the event. About CarGurus, Inc. CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms, and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S. 1 In addition to the U.S. marketplace, the company operates online marketplaces under the CarGurus brand in Canada and the U.K., as well as independent online marketplace brands Autolist in the U.S. and PistonHeads in the U.K. To learn more about CarGurus, visit and for more information about CarOffer, visit CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners. 1 Similarweb: Traffic Report [ Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q1 2025, U.S. Investor Contact:Kirndeep SinghVice President, Head of Investor Relationsinvestors@ Media Contact:Maggie MeluzioDirector, Public Relations & External Communicationspr@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Automotive
- Yahoo
Exploring 3 High Growth Tech Stocks In The US Market
The recent surge in the U.S. stock market, driven by a temporary easing of trade tensions between the U.S. and China, has seen key indices like the Dow Jones Industrial Average and Nasdaq Composite experience significant gains, particularly benefiting tech stocks. In this buoyant environment, identifying high-growth tech stocks involves looking at companies that are well-positioned to capitalize on technological advancements and market opportunities while demonstrating resilience amid economic fluctuations. Name Revenue Growth Earnings Growth Growth Rating Super Micro Computer 27.47% 39.60% ★★★★★★ Ardelyx 20.57% 59.97% ★★★★★★ AVITA Medical 27.69% 85.07% ★★★★★★ Clene 65.19% 67.34% ★★★★★★ Travere Therapeutics 28.83% 64.80% ★★★★★★ TG Therapeutics 25.99% 38.42% ★★★★★★ Alnylam Pharmaceuticals 23.67% 61.11% ★★★★★★ Lumentum Holdings 21.54% 110.32% ★★★★★★ Alkami Technology 22.46% 76.67% ★★★★★★ Ascendis Pharma 35.16% 60.26% ★★★★★★ Click here to see the full list of 237 stocks from our US High Growth Tech and AI Stocks screener. We'll examine a selection from our screener results. Simply Wall St Growth Rating: ★★★★☆☆ Overview: CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally, with a market capitalization of approximately $3.07 billion. Operations: The company generates revenue primarily from its U.S. Marketplace segment, which accounts for $755.93 million, and its Digital Wholesale segment, contributing $82.13 million. CarGurus, Inc. has demonstrated robust financial performance with a notable rebound in its quarterly earnings, as Q1 2025 saw net income soaring to $39.05 million from $21.3 million the previous year, alongside an increase in sales from $187.22 million to $212.24 million. This growth trajectory is underpinned by strategic executive shifts, with CEO Jason Trevisan taking on additional financial oversight roles, potentially steering the company through innovative fiscal strategies and operational efficiencies. Despite facing challenges like a one-off loss of $144.4M affecting past earnings quality and revenue growth forecasts trailing behind the U.S market at 6.9% annually versus 8.4%, CarGurus is poised for significant earnings expansion at an expected annual rate of 32.5%. These dynamics suggest a resilient adaptability and potential for sustained profitability within the competitive tech landscape. Unlock comprehensive insights into our analysis of CarGurus stock in this health report. Gain insights into CarGurus' historical performance by reviewing our past performance report. Simply Wall St Growth Rating: ★★★★★☆ Overview: Hut 8 Corp. is a vertically integrated operator of energy infrastructure and Bitcoin mining in North America, with a market cap of $1.45 billion. Operations: The company generates revenue primarily through its power and digital infrastructure segments, with $46.83 million from power and $20.99 million from digital infrastructure. Despite a challenging Q1 2025, where Hut 8 reported a net loss of $133.89 million and a significant drop in revenue to $21.82 million from the previous year's $51.74 million, the company is positioning itself strategically within the tech sector through its new venture, American Bitcoin. This initiative focuses on industrial-scale Bitcoin mining and marks a pivotal shift in Hut 8's business model following its majority stake acquisition in American Data Centers Inc., now rebranded as American Bitcoin. The move underlines Hut 8's commitment to innovating within the cryptocurrency mining industry despite recent financial volatilities, aiming to leverage technological advancements for future growth. Delve into the full analysis health report here for a deeper understanding of Hut 8. Evaluate Hut 8's historical performance by accessing our past performance report. Simply Wall St Growth Rating: ★★★★☆☆ Overview: TaskUs, Inc. offers outsourced digital services to companies across the Philippines, the United States, India, and other international markets with a market capitalization of approximately $1.52 billion. Operations: TaskUs specializes in providing outsourced digital services, focusing on customer support and content moderation for global clients. The company generates revenue primarily from service fees charged to its clients across various geographical markets. TaskUs has demonstrated a robust performance in Q1 2025 with net income rising to $21.15 million from $11.71 million the previous year, reflecting a notable increase in profitability and operational efficiency. This growth is underpinned by strategic expansions such as the recent launch of its Agentic AI Consulting practice, which positions the company at the forefront of AI-driven business process optimization. Moreover, TaskUs's deepening engagement with high-profile clients through advanced AI solutions underscores its commitment to integrating cutting-edge technology across various industries. The company's ability to nearly double its earnings per share from continuing operations year-over-year, combined with a significant buyout offer from an affiliate of Blackstone at $16.50 per share, signals strong confidence in its future trajectory and strategic direction within the tech sector. Take a closer look at TaskUs' potential here in our health report. Review our historical performance report to gain insights into TaskUs''s past performance. Get an in-depth perspective on all 237 US High Growth Tech and AI Stocks by using our screener here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:CARG NasdaqGS:HUT and NasdaqGS:TASK. Have feedback on this article? Concerned about the content? with us directly. 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Yahoo
08-05-2025
- Automotive
- Yahoo
CarGurus's (NASDAQ:CARG) Q1 Earnings Results: Revenue In Line With Expectations, Stock Soars
Online auto marketplace CarGurus (NASDAQ:CARG) met Wall Street's revenue expectations in Q1 CY2025, with sales up 4.3% year on year to $225.2 million. The company expects next quarter's revenue to be around $232 million, close to analysts' estimates. Its non-GAAP profit of $0.46 per share was 5.5% above analysts' consensus estimates. Is now the time to buy CarGurus? Find out in our full research report. Revenue: $225.2 million vs analyst estimates of $226.2 million (4.3% year-on-year growth, in line) Adjusted EPS: $0.46 vs analyst estimates of $0.44 (5.5% beat) Adjusted EBITDA: $66.3 million vs analyst estimates of $63.61 million (29.4% margin, 4.2% beat) Revenue Guidance for Q2 CY2025 is $232 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $0.55 at the midpoint, above analyst estimates of $0.45 EBITDA guidance for Q2 CY2025 is $75.5 million at the midpoint, above analyst estimates of $65.68 million Operating Margin: 20.3%, up from 12.2% in the same quarter last year Free Cash Flow Margin: 26.8%, similar to the previous quarter Paying Dealers: 32,372, up 1,197 year on year Market Capitalization: $2.80 billion "Our strong momentum in our Marketplace business continued into 2025, which grew 13% year-over-year,' said Jason Trevisan, Chief Executive Officer at CarGurus. Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. CarGurus struggled to consistently generate demand over the last three years as its sales dropped at a 9.3% annual rate. This wasn't a great result and is a poor baseline for our analysis. This quarter, CarGurus grew its revenue by 4.3% year on year, and its $225.2 million of revenue was in line with Wall Street's estimates. Company management is currently guiding for a 6.1% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 6.2% over the next 12 months. Although this projection implies its newer products and services will catalyze better top-line performance, it is still below the sector average. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. As an online marketplace, CarGurus generates revenue growth by increasing both the number of users on its platform and the average order size in dollars. CarGurus struggled with new customer acquisition over the last two years as its paying dealers were flat at 32,372. This performance isn't ideal because internet usage is secular, meaning there are typically unaddressed market opportunities. If CarGurus wants to accelerate growth, it likely needs to enhance the appeal of its current offerings or innovate with new products. Luckily, CarGurus added 1,197 paying dealers in Q1, leading to 3.8% year-on-year growth. The quarterly print was higher than its two-year result, suggesting its new initiatives are accelerating user growth. Average revenue per user (ARPU) is a critical metric to track because it measures how much the company earns in transaction fees from each user. ARPU also gives us unique insights into a user's average order size and CarGurus's take rate, or "cut", on each order. CarGurus's ARPU growth has been exceptional over the last two years, averaging 11%. Although its paying dealers were flat during this time, the company's ability to successfully increase monetization demonstrates its platform's value for existing users. This quarter, CarGurus's ARPU clocked in at $6,173. It grew by 9% year on year, faster than its paying dealers. We were impressed by CarGurus's optimistic EPS and EBITDA guidance for next quarter, which blew past analysts' expectations. We were also glad this quarter's EPS and EBITDA outperformed Wall Street's estimates. Overall, this print was solid. The stock traded up 5% to $29.35 immediately after reporting. Is CarGurus an attractive investment opportunity right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-04-2025
- Automotive
- Yahoo
Online Marketplace Stocks Q4 Teardown: CarGurus (NASDAQ:CARG) Vs The Rest
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at online marketplace stocks, starting with CarGurus (NASDAQ:CARG). Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition. The 13 online marketplace stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17% since the latest earnings results. Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. CarGurus reported revenues of $228.5 million, up 2.4% year on year. This print fell short of analysts' expectations by 1.8%. Overall, it was a mixed quarter for the company with EBITDA guidance for next quarter topping analysts' expectations. 'We delivered exceptional results in 2024, with sustained revenue acceleration and significant margin expansion across geographies. Our Marketplace business achieved double-digit growth, driven by continued migration to premium tiers, strong OEM advertising demand, and growing adoption of our value-added products and services," said Jason Trevisan, Chief Executive Officer at CarGurus. The stock is down 25.3% since reporting and currently trades at $28.11. Read our full report on CarGurus here, it's free. Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America. MercadoLibre reported revenues of $6.06 billion, up 37.4% year on year, outperforming analysts' expectations by 2.8%. The business had an exceptional quarter with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' number of unique active users estimates. The market seems happy with the results as the stock is up 5% since reporting. It currently trades at $2,226. Is now the time to buy MercadoLibre? Access our full analysis of the earnings results here, it's free. Founded to help people in rural areas get online medical consultations, Teladoc Health (NYSE:TDOC) is a telemedicine platform that facilitates remote doctor's visits. Teladoc reported revenues of $640.5 million, down 3% year on year, in line with analysts' expectations. It was a softer quarter as it posted full-year EBITDA guidance missing analysts' expectations. Teladoc delivered the slowest revenue growth in the group. The company reported 93.8 million users, up 4.7% year on year. As expected, the stock is down 34.7% since the results and currently trades at $7.18. Read our full analysis of Teladoc's results here. Founded by a struggling amateur furniture maker Robert Kalin and his two friends, Etsy (NASDAQ:ETSY) is one of the world's largest online marketplaces, focusing on handmade or vintage items. Etsy reported revenues of $852.2 million, up 1.2% year on year. This print lagged analysts' expectations by 1.2%. Overall, it was a softer quarter as it also produced a slight miss of analysts' number of active buyers estimates. The company reported 95.46 million active buyers, down 1.1% year on year. The stock is down 20.1% since reporting and currently trades at $45.80. Read our full, actionable report on Etsy here, it's free. Aiming to address a high-stakes and often confusing decision, eHealth (NASDAQ:EHTH) guides consumers through health insurance enrollment and related topics. eHealth reported revenues of $315.2 million, up 27.3% year on year. This result topped analysts' expectations by 11.4%. Overall, it was a very strong quarter as it also logged a solid beat of analysts' EBITDA estimates. eHealth scored the biggest analyst estimates beat among its peers. The stock is down 34.3% since reporting and currently trades at $6.02. Read our full, actionable report on eHealth here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
