Cars.com Inc. (NYSE:CARS) is expected to report earnings of $0.05 per share

Analysts expect Cars.com Inc. (NYSE:CARS – Get Rating) to report earnings of $0.05 per share for the current quarter, Zacks reports. Two analysts released earnings estimates for Cars.com. Cars.com reported earnings per share of $0.08 in the same quarter last year, suggesting a negative 37.5% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.

On average, analysts expect Cars.com to report annual earnings of $0.49 per share for the current year. For next year, analysts expect the company to post earnings of $0.70 per share. Zacks EPS averages are an average average based on a survey of analysts who follow Cars.com.

Cars.com (NYSE:CARS – Get Rating) last released its quarterly results on Thursday, February 24. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.11 per ($0.20). The company posted revenue of $158.31 million in the quarter, versus a consensus estimate of $157.58 million. Cars.com had a net margin of 1.08% and a return on equity of 1.82%.

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Several analysts have recently weighed in on CARS shares. Zacks Investment Research moved shares of Cars.com from a “hold” rating to a “strong sell” rating in a Monday, May 9 report. Northcoast Research assumed stock coverage from Cars.com in a report on Wednesday, February 2. They set a “neutral” rating on the stock. One research analyst rated the stock with a sell rating, one gave the company’s stock a hold rating and three gave the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

In other news, insider James F. Rogers sold 5,105 shares of Cars.com in a trade dated Friday, March 4. The stock was sold at an average price of $15.38, for a total value of $78,514.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Additionally, insider James F. Rogers sold 13,895 shares of Cars.com in a trade dated Monday, March 7. The stock was sold at an average price of $15.25, for a total value of $211,898.75. The disclosure of this sale can be found here. Insiders own 1.20% of the shares of the company.

Several institutional investors and hedge funds have recently bought and sold shares of CARS. BlackRock Inc. increased its position in Cars.com by 118.1% in Q4. BlackRock Inc. now owns 10,303,274 shares of the company worth $165,779,000 after purchasing an additional 5,579,783 shares in the last quarter. Boston Private Wealth LLC bought a new position in Cars.com in Q4 worth approximately $40,231,000. State Street Corp raised its position in Cars.com by 57.5% in Q4. State Street Corp now owns 2,261,309 shares of the company worth $36,384,000 after purchasing an additional 825,396 shares in the last quarter. Principal Financial Group Inc. bought a new position in Cars.com in Q4 worth approximately $6,954,000. Finally, Invesco Ltd. increased its position in Cars.com by 162.5% in the 4th quarter. Invesco Ltd. now owns 591,868 shares of the company worth $9,523,000 after purchasing an additional 366,392 shares in the last quarter. 89.18% of the shares are held by hedge funds and other institutional investors.

NYSE:CARS opened at $10.57 on Friday. The stock has a market capitalization of $731.13 million, a P/E ratio of 132.14 and a beta of 2.03. The company’s fifty-day simple moving average is $12.05 and its 200-day simple moving average is $14.27. Cars.com has a 12-month low of $8.75 and a 12-month high of $19.09. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt ratio of 1.26.

Cars.com Company Profile (Get an evaluation)

Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealerships with consumers in the United States. The company offers a suite of digital solutions that connect people looking for cars or looking to buy a car with car dealerships and automotive original equipment manufacturers.

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