: CarGurus stock rallies after hours as results, forecast beat estimates


Online car-buying platform CarGurus Inc. CARG on Tuesday reported first-quarter results and a second-quarter forecast that topped Wall Street’s estimates, sending shares 10.9% higher in after-hours trade. The company said it expected second-quarter sales of $220 million to $240 million, above FactSet estimates for $222.2 million, and adjusted earnings per share of 22 cents to 25 cents, above estimates for 18 cents. Chief Executive Jason Trevisan said the platform’s listings business “continues to exhibit resiliency and strong profitability.” The forecast follows a slowdown in the auto market last year, following higher…

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