Analysts expect Cars.com Inc. (NYSE:CARS – Get Rating) to announce earnings of $0.05 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Cars.com’s earnings. Cars.com reported earnings per share of $0.08 in the same quarter last year, which suggests a negative year over year growth rate of 37.5%. The company is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Cars.com will report full-year earnings of $0.49 per share for the current year. For the next year, analysts forecast that the firm will post earnings of $0.70 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Cars.com.
Cars.com (NYSE:CARS – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.20). The company had revenue of $158.31 million during the quarter, compared to the consensus estimate of $157.58 million. Cars.com had a net margin of 1.08% and a return on equity of 1.82%.
Several analysts recently weighed in on CARS shares. Zacks Investment Research cut shares of Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, May 9th. Northcoast Research assumed coverage on shares of Cars.com in a report on Wednesday, February 2nd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.
In other news, insider James F. Rogers sold 5,105 shares of Cars.com stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $15.38, for a total value of $78,514.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James F. Rogers sold 13,895 shares of Cars.com stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $15.25, for a total value of $211,898.75. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CARS. BlackRock Inc. raised its position in Cars.com by 118.1% in the 4th quarter. BlackRock Inc. now owns 10,303,274 shares of the company’s stock worth $165,779,000 after buying an additional 5,579,783 shares during the last quarter. Boston Private Wealth LLC purchased a new position in Cars.com in the 4th quarter worth about $40,231,000. State Street Corp raised its position in Cars.com by 57.5% in the 4th quarter. State Street Corp now owns 2,261,309 shares of the company’s stock worth $36,384,000 after buying an additional 825,396 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Cars.com in the 4th quarter worth about $6,954,000. Finally, Invesco Ltd. raised its position in Cars.com by 162.5% in the 4th quarter. Invesco Ltd. now owns 591,868 shares of the company’s stock worth $9,523,000 after buying an additional 366,392 shares during the last quarter. 89.18% of the stock is owned by hedge funds and other institutional investors.
NYSE:CARS opened at $10.57 on Friday. The stock has a market cap of $731.13 million, a P/E ratio of 132.14 and a beta of 2.03. The firm’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $14.27. Cars.com has a twelve month low of $8.75 and a twelve month high of $19.09. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.26.
Cars.com Company Profile (Get Rating)
Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.
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