Brokerages Expect Cars.com Inc. (NYSE:CARS) Will Announce Earnings of $0.31 Per Share

Wall Street brokerages forecast that Cars.com Inc. (NYSE:CARS) will post earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cars.com’s earnings, with estimates ranging from $0.28 to $0.33. Cars.com posted earnings per share of $0.50 in the same quarter last year, which would suggest a negative year over year growth rate of 38%. The firm is scheduled to issue its next earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Cars.com will report full-year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.22. For the next year, analysts anticipate that the business will post earnings of $1.08 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Cars.com.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $152.10 million for the quarter, compared to analysts’ expectations of $150.23 million. Cars.com had a positive return on equity of 6.14% and a negative net margin of 69.79%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share.

CARS has been the topic of a number of research analyst reports. Zacks Investment Research raised Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Barrington Research raised shares of Cars.com from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 6th. ValuEngine upgraded shares of Cars.com from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. B. Riley set a $18.00 target price on shares of Cars.com and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Cfra upgraded shares of Cars.com from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cars.com presently has an average rating of “Buy” and a consensus price target of $24.31.

NYSE CARS traded up $0.18 during trading hours on Monday, hitting $12.61. 590,500 shares of the company’s stock were exchanged, compared to its average volume of 1,292,632. The business’s 50 day moving average is $12.20 and its 200-day moving average is $14.34. Cars.com has a 12-month low of $8.23 and a 12-month high of $28.50. The firm has a market capitalization of $829.85 million, a P/E ratio of 6.93 and a beta of 1.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06.

In other news, CEO Thomas Alex Vetter purchased 11,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $9.58 per share, with a total value of $105,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CARS. California State Teachers Retirement System grew its stake in Cars.com by 1.2% during the third quarter. California State Teachers Retirement System now owns 104,535 shares of the company’s stock worth $939,000 after buying an additional 1,248 shares during the period. Altshuler Shaham Ltd acquired a new stake in Cars.com in the 2nd quarter valued at $105,000. Swiss National Bank increased its holdings in Cars.com by 1.6% in the 2nd quarter. Swiss National Bank now owns 120,600 shares of the company’s stock valued at $2,378,000 after purchasing an additional 1,900 shares in the last quarter. First Trust Advisors LP raised its position in Cars.com by 2.3% in the first quarter. First Trust Advisors LP now owns 99,581 shares of the company’s stock valued at $2,270,000 after purchasing an additional 2,205 shares during the period. Finally, Aperio Group LLC raised its position in Cars.com by 8.9% in the second quarter. Aperio Group LLC now owns 33,563 shares of the company’s stock valued at $662,000 after purchasing an additional 2,748 shares during the period.

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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