$0.39 EPS Expected for Cars.com Inc. (NYSE:CARS) This Quarter

Wall Street brokerages predict that Cars.com Inc. (NYSE:CARS) will post earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cars.com’s earnings, with estimates ranging from $0.29 to $0.48. Cars.com reported earnings of $0.55 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 29.1%. The business is scheduled to report its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Cars.com will report full year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.69. For the next financial year, analysts anticipate that the company will post earnings of $2.65 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Cars.com.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.08). The firm had revenue of $148.20 million for the quarter, compared to analyst estimates of $160.18 million. Cars.com had a return on equity of 6.51% and a net margin of 1.59%. The company’s revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS.

Several analysts have recently weighed in on CARS shares. DA Davidson downgraded shares of Cars.com from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. ValuEngine downgraded shares of Cars.com from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 6th. Citigroup restated a “buy” rating and set a $19.00 price objective (down previously from $27.00) on shares of Cars.com in a research report on Tuesday, August 6th. Craig Hallum reduced their price objective on shares of Cars.com from $25.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, TheStreet downgraded shares of Cars.com from a “c” rating to a “d” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.31.

Shares of NYSE:CARS traded down $0.03 during trading on Friday, hitting $9.00. 1,387,400 shares of the company were exchanged, compared to its average volume of 3,142,292. The stock has a market capitalization of $602.71 million, a P/E ratio of 4.95, a PEG ratio of 1.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00. Cars.com has a 12-month low of $8.71 and a 12-month high of $28.50. The firm’s 50 day moving average price is $17.72 and its 200-day moving average price is $21.36.

In other Cars.com news, Director Jr. Donald A. Mcgovern purchased 10,448 shares of Cars.com stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $9.16 per share, for a total transaction of $95,703.68. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Alex Vetter purchased 20,000 shares of Cars.com stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $10.19 per share, with a total value of $203,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 47,948 shares of company stock valued at $470,404. 0.04% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Cars.com by 2.8% in the 2nd quarter. BlackRock Inc. now owns 7,800,006 shares of the company’s stock valued at $153,816,000 after purchasing an additional 213,141 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Cars.com by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,803,943 shares of the company’s stock worth $124,785,000 after buying an additional 462,594 shares during the last quarter. Nuveen Asset Management LLC raised its position in Cars.com by 18.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,696,623 shares of the company’s stock worth $33,457,000 after buying an additional 259,399 shares during the last quarter. Sapience Investments LLC raised its position in Cars.com by 15.2% during the 2nd quarter. Sapience Investments LLC now owns 1,584,645 shares of the company’s stock worth $31,249,000 after buying an additional 209,015 shares during the last quarter. Finally, Northern Trust Corp raised its position in Cars.com by 1.9% during the 2nd quarter. Northern Trust Corp now owns 1,053,730 shares of the company’s stock worth $20,779,000 after buying an additional 19,769 shares during 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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