Zacks: Brokerages Expect Cars.com Inc. (NYSE:CARS) to Announce $0.26 EPS

Equities research analysts forecast that Cars.com Inc. (NYSE:CARS) will report $0.26 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cars.com’s earnings. Cars.com reported earnings per share of $0.52 in the same quarter last year, which suggests a negative year over year growth rate of 50%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Cars.com will report full year earnings of $1.10 per share for the current year. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Cars.com.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). Cars.com had a return on equity of 6.51% and a net margin of 1.59%. The business had revenue of $148.20 million for the quarter, compared to analysts’ expectations of $160.18 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Cars.com’s quarterly revenue was down 12.0% compared to the same quarter last year.

CARS has been the subject of several research reports. Zacks Investment Research downgraded shares of Cars.com from a “hold” rating to a “strong sell” rating in a research note on Monday, August 12th. BTIG Research downgraded shares of Cars.com from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Barrington Research downgraded shares of Cars.com from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. TheStreet downgraded shares of Cars.com from a “c” rating to a “d” rating in a research note on Monday, August 5th. Finally, Citigroup reiterated a “buy” rating and set a $19.00 price objective (down from $27.00) on shares of Cars.com in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.31.

CARS traded up $0.11 during trading on Monday, hitting $11.05. 126,626 shares of the company’s stock were exchanged, compared to its average volume of 1,307,641. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. Cars.com has a 1 year low of $8.23 and a 1 year high of $28.50. The stock has a 50 day moving average price of $11.39 and a 200 day moving average price of $19.13. The firm has a market cap of $666.72 million, a P/E ratio of 6.05, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

In other news, Director Jr. Donald A. Mcgovern bought 10,448 shares of Cars.com stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $9.16 per share, with a total value of $95,703.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Alex Vetter bought 20,000 shares of Cars.com stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $10.19 per share, for a total transaction of $203,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 58,948 shares of company stock worth $575,784. Corporate insiders own 0.04% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Cars.com by 2.8% during the second quarter. BlackRock Inc. now owns 7,800,006 shares of the company’s stock worth $153,816,000 after purchasing an additional 213,141 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cars.com by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,803,943 shares of the company’s stock worth $124,785,000 after purchasing an additional 462,594 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Cars.com by 18.0% during the second quarter. Nuveen Asset Management LLC now owns 1,696,623 shares of the company’s stock worth $33,457,000 after purchasing an additional 259,399 shares in the last quarter. Sapience Investments LLC raised its holdings in Cars.com by 15.2% in the second quarter. Sapience Investments LLC now owns 1,584,645 shares of the company’s stock valued at $31,249,000 after acquiring an additional 209,015 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Cars.com by 1.9% in the second quarter. Northern Trust Corp now owns 1,053,730 shares of the company’s stock valued at $20,779,000 after acquiring an additional 19,769 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.

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Earnings History and Estimates for Cars.com (NYSE:CARS)

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