Wall Street analysts expect that Cars.com Inc. (NYSE:CARS) will report earnings of $0.41 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Cars.com’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.43. Cars.com reported earnings of $0.48 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 14.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Cars.com will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.59 to $1.69. For the next financial year, analysts expect that the firm will post earnings of $2.65 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Cars.com.
Cars.com (NYSE:CARS) last released its quarterly earnings data on Friday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $154.20 million for the quarter, compared to the consensus estimate of $152.29 million. Cars.com had a net margin of 4.40% and a return on equity of 7.34%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share.
A number of research firms have recently issued reports on CARS. ValuEngine upgraded Cars.com from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Barrington Research reaffirmed a “buy” rating and issued a $37.50 price target on shares of Cars.com in a research note on Monday, May 6th. Zacks Investment Research raised Cars.com from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Goldman Sachs Group began coverage on Cars.com in a research note on Monday, March 18th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Craig Hallum lowered Cars.com from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $28.42.
CARS opened at $20.84 on Monday. The company has a market cap of $1.42 billion, a PE ratio of 11.45, a PEG ratio of 2.80 and a beta of 0.87. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41. Cars.com has a 1 year low of $19.05 and a 1 year high of $32.94.
A number of hedge funds have recently made changes to their positions in the stock. Oberweis Asset Management Inc. boosted its stake in Cars.com by 4.6% in the 4th quarter. Oberweis Asset Management Inc. now owns 11,300 shares of the company’s stock valued at $243,000 after buying an additional 500 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Cars.com by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 14,771 shares of the company’s stock valued at $318,000 after buying an additional 575 shares in the last quarter. Texas Permanent School Fund boosted its stake in Cars.com by 2.0% in the 1st quarter. Texas Permanent School Fund now owns 42,099 shares of the company’s stock valued at $960,000 after buying an additional 819 shares in the last quarter. Citigroup Inc. boosted its stake in Cars.com by 4.3% in the 4th quarter. Citigroup Inc. now owns 20,871 shares of the company’s stock valued at $448,000 after buying an additional 853 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Cars.com by 6.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 16,294 shares of the company’s stock valued at $350,000 after buying an additional 963 shares in the last quarter.
Cars.com Company Profile
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.
See Also: What are Institutional Investors?
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.