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

Cars.com (NYSE:CARS) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect Cars.com to post earnings of $0.08 per share for the quarter. Cars.com has set its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Cars.com (NYSE:CARS) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The firm had revenue of $179.60 million for the quarter, compared to the consensus estimate of $178.40 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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 Trading Down 0.8 %

NYSE CARS opened at $17.24 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.93. Cars.com has a twelve month low of $14.82 and a twelve month high of $22.84. The firm has a market capitalization of $1.14 billion, a PE ratio of 9.97 and a beta of 2.05. The stock’s 50 day moving average is $17.16 and its 200 day moving average is $17.85.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Monday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Cars.com has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Insiders Place Their Bets

In other Cars.com news, insider Douglas Neal Miller sold 1,823 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total value of $33,725.50. Following the sale, the insider now directly owns 181,596 shares of the company’s stock, valued at $3,359,526. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Thomas Alex Vetter sold 14,999 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total transaction of $284,981.00. Following the transaction, the chief executive officer now directly owns 553,886 shares of the company’s stock, valued at $10,523,834. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas Neal Miller sold 1,823 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total value of $33,725.50. Following the transaction, the insider now directly owns 181,596 shares in the company, valued at $3,359,526. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,488 shares of company stock valued at $654,361. 2.12% of the stock is currently owned by corporate insiders.

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.