Cars.com (CARS) Set to Announce Earnings on Thursday


Share on StockTwits

Cars.com (NYSE:CARS) is scheduled to be releasing its earnings data before the market opens on Thursday, May 6th. Analysts expect Cars.com to post earnings of $0.21 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Cars.com (NYSE:CARS) last announced its earnings results on Wednesday, February 24th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.22). The company had revenue of $153.01 million for the quarter, compared to analysts’ expectations of $145.57 million. Cars.com had a positive return on equity of 17.78% and a negative net margin of 151.54%. On average, analysts expect Cars.com to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cars.com stock opened at $13.38 on Tuesday. The company’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $12.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.36 and a current ratio of 1.36. Cars.com has a 1 year low of $4.45 and a 1 year high of $15.71. The company has a market capitalization of $902.01 million, a price-to-earnings ratio of -1.08 and a beta of 2.41.

In related news, insider James F. Rogers sold 11,042 shares of the firm’s stock in a transaction that occurred on Wednesday, March 3rd. The shares were sold at an average price of $13.93, for a total value of $153,815.06. 0.47% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on CARS shares. Zacks Investment Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group boosted their price target on shares of Cars.com from $9.50 to $12.50 and gave the stock a “neutral” rating in a research note on Monday, January 25th. Barrington Research reissued a “buy” rating and issued a $16.00 price objective on shares of Cars.com in a research note on Monday, February 22nd. Finally, Benchmark raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Monday, March 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $11.80.

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.

Recommended Story: Index Funds

Earnings History for Cars.com (NYSE:CARS)

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.