Cars.com Inc (NYSE:CARS) has been assigned an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Analysts have set a 1-year consensus price target of $34.83 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Cars.com an industry rank of 188 out of 265 based on the ratings given to related companies.
Several equities research analysts have commented on the company. B. Riley restated a “buy” rating and set a $36.00 price target on shares of Cars.com in a research note on Wednesday, January 31st. Barrington Research restated a “buy” rating on shares of Cars.com in a research note on Thursday, March 8th. ValuEngine lowered Cars.com from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded Cars.com from a “sell” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Tuesday, January 9th.
Cars.com (NYSE CARS) opened at $29.80 on Tuesday. Cars.com has a 12-month low of $19.90 and a 12-month high of $32.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.58 and a quick ratio of 1.58.
Cars.com (NYSE:CARS) last released its earnings results on Tuesday, March 6th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.16. The firm had revenue of $156.57 million for the quarter, compared to the consensus estimate of $156.30 million. Cars.com had a return on equity of 8.16% and a net margin of 35.84%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. sell-side analysts anticipate that Cars.com will post 0.96 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/13/brokerages-anticipate-cars-com-inc-cars-to-announce-0-16-earnings-per-share.html.
Cars.com Company Profile
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.