🟢 CarGurus is trading 5.6% up today after Q3 revenue topped estimates

CarGurus is trading 5.63% up at $38.19 on November 6 after its November 5 earnings release, as Q3 revenue beat estimates and the board authorized a share repurchase.

• Q3 revenue was $258.4 million, up 12% year over year and above estimates; adjusted EBITDA was $89.7 million.
• The board authorized a $250 million share repurchase.
• Q4 revenue guidance of $258.5 million–$263.5 million was below the consensus midpoint, while EBITDA and EPS guidance topped analyst estimates.