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CarGurus’ stock leaps 6% on earnings beat, deal to buy CarOffer

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Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

Shares of CarGurus Inc.

rose more than 6% in the extended session Tuesday after the online car marketplace reported third-quarter results that were above Wall Street expectations. CarGurus earned $22.3 million, or 17 cents a share, in the quarter, compared with $107 million, or 14 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 34 cents a share. Revenue dropped 49% to $219.4 million.

 

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