CarGurus is trading 11.63% up now at $40.61 after reporting second-quarter adjusted EPS of $0.66, exceeding analyst expectations of $0.61.
- Revenue reached $251 million, while adjusted EBITDA totaled $85 million.
- The rally also reflects broader risk-on sentiment after July payrolls unexpectedly fell by 23,000 versus expectations for an 83,000 increase, supporting hopes for easier Federal Reserve policy.
- Management extended debt maturities to 2031, strengthening the balance sheet.