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2 Analysts Mixed On CarGurus
Monday, March 4, 2019 - 1:20pm | 502CarGurus Inc (NASDAQ: CARG) reported fourth-quarter results that prompted a 5.5-percent sell off in the stock Friday and has Street analysts mixed if investors should be buyers of the stock or not. Benchmark: Priced With Free Optionality Cargurus reported a typical earnings report highlighted by a...
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Analysts Downgrade TrueCar, Forecast Weak Fundamentals
Friday, February 15, 2019 - 9:57am | 451The Street had little love for TrueCar Inc (NASDAQ: TRUE) this Valentine’s Day. Analysts pulled back when the online auto market reported an earnings miss and issued weak guidance. The Ratings RBC Capital analyst Mark Mahaney downgraded TrueCar to Sector Perform and cut his price target from...
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Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share
Thursday, January 17, 2019 - 10:28am | 534After months of rumors, Cars.com Inc (NYSE: CARS) announced Wednesday its ongoing review of strategic alternatives, including a possible sale. What Happened Management has been working with external advisors to initiate a process since receiving Board authorization Sept. 28. "We are confident...
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Expert: Predicted 37% Pop In TV Retransmission Fees A 'Natural Righting Of The Ship'
Saturday, July 29, 2017 - 9:54am | 1359Telecom stocks started to release earnings this week with AT&T Inc. (NYSE: T) and Comcast Corporation (NASDAQ: CMCSA), and many investors are on the watch for changes to retransmission fees. The charges have been trending upward as broadcasters demand more and more from cable...
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Analyst: WebMD Buyout Not Aligned With IAC Strategy
Monday, June 5, 2017 - 12:30pm | 392WebMD Health Corp. (NASDAQ: WBMD) shares spiked as much as 3.4 percent Monday on a Dealreporter article alleging IAC/InterActiveCorp (NASDAQ: IAC)’s interest in a buyout. The report suggested bids above $61 per share. However, Benchmark analyst Dan Kurnos doubts the story’s veracity....
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Kurnos: Angie's Takeover To Yield 'Clear Market Leader'
Tuesday, May 2, 2017 - 10:16am | 376IAC/InterActiveCorp (NASDAQ: IAC) announced Monday after close that it committed to acquiring Angie’s List Inc (NASDAQ: ANGI) for $8.50 per share — a sum $0.25 beneath the initial bid and $0.50 below Benchmark’s estimated fair value — making it a clear win for IAC....
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Amazon, Plug Power Supply Agreement 'Just Another Tech Upgrade'
Wednesday, April 5, 2017 - 10:32am | 335After Amazon.com, Inc. (NASDAQ: AMZN) confirmed a supply agreement with and the rights to acquire a 23 percent stake in Plug Power Inc (NASDAQ: PLUG), Benchmark analyst Dan Kurnos told Benzinga the deal is “just another tech upgrade.” But it wasn’t necessarily an expected one....
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Meredith's Guidance May Have Received A Boost From Time Takeover Rumors
Thursday, March 23, 2017 - 10:12am | 363Meredith Corporation (NYSE: MDP) preannounced its fiscal third-quarter EPS more than 10 percent higher than the midpoint of its prior guidance range of $0.75–$0.80. The company’s guidance may have been raised to offset the impact of the ongoing rumors around a takeover by Time Inc (NYSE...
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Amazon's Soft Guidance Will Provide Investors With A Better Entry Point
Friday, February 3, 2017 - 9:50am | 359Amazon.com, Inc. (NASDAQ: AMZN) reported mixed results for Q4 2016, with the revenue missing the consensus by $1 billion, while operational leverage drove profitability upside, with operating income beating the consensus expectations. Benchmark’s Dan Kurnos maintained a Buy rating on the...
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Benchmark's Dan Kurnos Previews eBay's Q4 Earnings
Tuesday, January 24, 2017 - 11:34am | 318eBay Inc (NASDAQ: EBAY) is scheduled to report its Q4 2016 results on January 25. Although the company is likely to have gained market share, any upside surprise may be offset on a reported basis by an expected currency headwind, Benchmark's Dan Kurnos said in a report. He maintains a Buy...
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How To Value CBS In Light Of Radio Segment Spinoff
Thursday, January 12, 2017 - 10:17am | 323Shares of CBS Corporation (NYSE: CBS) have been on an upswing since September 2016, backed by several positive headlines and strong financial results. The company would face two quarters of tough comps before “a meaningful growth reacceleration” beginning in the second half of 2017...
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A Possible Explanation For Expedia's Selloff
Friday, December 16, 2016 - 7:55am | 355Expedia Inc (NASDAQ: EXPE) shares, which reclaimed the $120 level in mid-October after trading below it for much of this year, have seen a selloff in recent sessions. The stock began running up ahead of its third quarter earnings release on October 27 and rallied over 4 percent on the results....
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Amazon's Move Into These 3 Massive Markets Not Yet Embedded Into Valuation
Thursday, December 8, 2016 - 10:49am | 314Following the recent selloff in Amazon.com, Inc. (NASDAQ: AMZN) shares, which Benchmark’s Dan Kurnos believes was driven by “an irrational post-Trump retribution fear,” the stock has resumed its upward move, driven by the announcement of the launch of Amazon Go in 2017. Kurnos...
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Bullish Analysts Pound The Table On eBay: Buy The Dip
Thursday, October 20, 2016 - 3:53pm | 419A day after eBay Inc (NASDAQ: EBAY) provided a downbeat forecast for the fourth quarter against the earnings beat in the third quarter, analysts are rushing to share their comments. In Thursday's regular trading, the stock was seen consistently down more than 10 percent. However, most brokerages...
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StubHub Was A Bright Spot For eBay In Q3
Thursday, October 20, 2016 - 6:35am | 316Shares of eBay Inc (NASDAQ: EBAY) were down more than 7 percent in pre-market trading, following the announcement of the company’s Q3 results. Earnings of $0.45 per share and revenue of $2.22 billion beat the Street’s consensus by $0.01 and $30 million, respectively. Given that Q3...