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Wednesday, May 6, 2020 (CARS) reported earnings on Wed 6 May 20 (b/o) (CARS) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this online automotive marketplace would post earnings of $0.31 per share when it actually produced earnings of $0.63, delivering a surprise of 103.23%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times., which belongs to the Zacks Internet - Commerce industry, posted revenues of $148.09 million for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $154.20 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. shares have lost about 63% since the beginning of the year versus the S&P 500's decline of -11.2%.

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