05:39 PM EDT, 05/09/2024 (MT Newswires) -- CarGurus ( CARG ) reported Q1 non-GAAP net income Thursday of $0.32 per diluted share, up from $0.26 a year earlier.

Analysts surveyed by Capital IQ expected $0.28.

Revenue in the quarter ended March 31 fell to $215.8 million from $232 million a year earlier.

Analysts surveyed by Capital IQ expected $216.8 million.

The company expects Q2 non-GAAP EPS of $0.29 to $0.34 on revenue of $202 million to $222 million. Analysts polled by Capital IQ expect EPS of $0.30 on revenue of $224.5 million.

Shares of the company rose 3.5% in after-hours trading.

Price: 23.05, Change: +0.77, Percent Change: +3.46