Wall Street analysts expect Cars.com Inc. (NYSE:CARS) to report $0.58 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Cars.com’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.65. Cars.com reported earnings of $0.48 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The business is expected to report its next quarterly earnings results on Tuesday, March 5th.
According to Zacks, analysts expect that Cars.com will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.93 to $2.07. For the next fiscal year, analysts expect that the firm will report earnings of $2.35 per share, with EPS estimates ranging from $2.17 to $2.53. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Cars.com.
Cars.com (NYSE:CARS) last announced its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $168.04 million. Cars.com had a return on equity of 7.77% and a net margin of 27.69%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share.
CARS has been the topic of a number of research reports. Barrington Research restated a “buy” rating on shares of Cars.com in a research report on Thursday, October 4th. BTIG Research started coverage on Cars.com in a report on Tuesday, November 13th. They set a “neutral” rating for the company. Citigroup started coverage on Cars.com in a report on Friday. They set a “neutral” rating and a $27.00 price target for the company. ValuEngine raised Cars.com from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Zacks Investment Research downgraded Cars.com from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.10.
Several hedge funds and other institutional investors have recently modified their holdings of CARS. Bank of New York Mellon Corp lifted its holdings in Cars.com by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 1,001,230 shares of the company’s stock valued at $28,426,000 after acquiring an additional 84,507 shares during the period. Engineers Gate Manager LP acquired a new stake in Cars.com in the third quarter valued at $400,000. Bank of America Corp DE lifted its holdings in Cars.com by 129.9% in the second quarter. Bank of America Corp DE now owns 431,519 shares of the company’s stock valued at $12,251,000 after acquiring an additional 243,813 shares during the period. AMS Capital Ltda acquired a new stake in Cars.com in the third quarter valued at $1,770,000. Finally, Anavon Capital LLP acquired a new stake in Cars.com in the third quarter valued at $8,316,000.
Shares of CARS traded down $0.81 during mid-day trading on Friday, reaching $24.27. 1,323,104 shares of the company’s stock were exchanged, compared to its average volume of 674,534. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.72 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.21. Cars.com has a 52-week low of $23.69 and a 52-week high of $32.94.
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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