Analysts Expect Cars.com Inc. (NYSE:CARS) Will Announce Earnings of $0.03 Per Share

Analysts predict that Cars.com Inc. (NYSE:CARSGet Rating) will report earnings of $0.03 per share for the current quarter, according to Zacks. Two analysts have made estimates for Cars.com’s earnings. Cars.com reported earnings per share of $0.08 in the same quarter last year, which would suggest a negative year over year growth rate of 62.5%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cars.com will report full year earnings of $0.58 per share for the current year. For the next fiscal year, analysts expect that the business will report earnings of $0.89 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Cars.com.

Separately, Northcoast Research assumed coverage on shares of Cars.com in a research note on Wednesday, February 2nd. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Cars.com currently has an average rating of “Buy” and an average price target of $21.00.

Shares of CARS stock traded down $0.07 on Friday, hitting $12.82. The company’s stock had a trading volume of 256,640 shares, compared to its average volume of 368,562. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s 50 day moving average is $14.76 and its 200-day moving average is $14.73. Cars.com has a fifty-two week low of $11.53 and a fifty-two week high of $19.09. The company has a market capitalization of $886.76 million, a PE ratio of 128.21 and a beta of 2.00.

In related news, insider James F. Rogers sold 5,105 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $15.38, for a total transaction of $78,514.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James F. Rogers sold 13,895 shares of the company’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $15.25, for a total transaction of $211,898.75. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Cars.com by 118.1% in the fourth quarter. BlackRock Inc. now owns 10,303,274 shares of the company’s stock valued at $165,779,000 after buying an additional 5,579,783 shares during the period. Border to Coast Pensions Partnership Ltd increased its stake in shares of Cars.com by 3.6% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 4,020,785 shares of the company’s stock valued at $47,764,351,000 after buying an additional 138,872 shares during the period. Boston Private Wealth LLC acquired a new position in shares of Cars.com in the fourth quarter valued at approximately $40,231,000. State Street Corp increased its stake in shares of Cars.com by 57.5% in the fourth quarter. State Street Corp now owns 2,261,309 shares of the company’s stock valued at $36,384,000 after buying an additional 825,396 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in Cars.com by 7.8% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,246,483 shares of the company’s stock valued at $15,768,000 after purchasing an additional 90,500 shares during the period. 94.65% of the stock is owned by hedge funds and other institutional investors.

Cars.com Company Profile (Get Rating)

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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