CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — CarGurus Inc. (CARG) on Monday reported a fourth-quarter loss of $23.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 21 cents. Earnings, adjusted for stock option expense and amortization costs, were 35 cents per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.
The online auto shopping platform posted revenue of $223.1 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $218.1 million.
For the year, the company reported profit of $31.1 million, or 19 cents per share. Revenue was reported as $914.2 million.
For the current quarter ending in March, CarGurus expects its per-share earnings to range from 24 cents to 29 cents.
The company said it expects revenue in the range of $201 million to $221 million for the fiscal first quarter.
CarGurus shares have decreased 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $23.89, a climb of 40% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CARG at https://www.zacks.com/ap/CARG