Cars.com Inc (CARS) Forecasted to Post FY2017 Earnings of $1.30 Per Share

Cars.com Inc (NASDAQ:CARS) – Research analysts at B. Riley decreased their FY2017 earnings per share estimates for Cars.com in a research report issued on Thursday. B. Riley analyst S. Sinha now expects that the company will post earnings of $1.30 per share for the year, down from their previous estimate of $1.34. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock.

A number of other brokerages also recently issued reports on CARS. Barrington Research upped their price target on Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Craig Hallum initiated coverage on Cars.com in a research report on Thursday, July 20th. They issued a “hold” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research downgraded Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday.

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Cars.com (NASDAQ:CARS) opened at $22.74 on Monday. Cars.com has a 12-month low of $19.90 and a 12-month high of $29.47.

A number of large investors have recently bought and sold shares of CARS. BlackRock Inc. purchased a new stake in Cars.com in the second quarter valued at $213,818,000. Vanguard Group Inc. purchased a new stake in shares of Cars.com during the 2nd quarter worth about $167,497,000. Artisan Partners Limited Partnership purchased a new stake in shares of Cars.com during the 2nd quarter worth about $120,572,000. New South Capital Management Inc. purchased a new stake in shares of Cars.com during the 2nd quarter worth about $77,402,000. Finally, Fairpointe Capital LLC purchased a new stake in shares of Cars.com during the 2nd quarter worth about $72,843,000.

About Cars.com

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

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

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