Equities research analysts expect Cars.com Inc. (NYSE:CARS) to announce $142.51 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cars.com’s earnings. The lowest sales estimate is $142.00 million and the highest is $143.01 million. Cars.com reported sales of $152.09 million during the same quarter last year, which suggests a negative year-over-year growth rate of 6.3%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Monday, November 9th.
On average, analysts expect that Cars.com will report full-year sales of $539.30 million for the current financial year, with estimates ranging from $538.60 million to $540.00 million. For the next year, analysts expect that the firm will post sales of $598.77 million, with estimates ranging from $595.18 million to $602.35 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Cars.com.
Cars.com (NYSE:CARS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.78. Cars.com had a positive return on equity of 11.67% and a negative net margin of 224.10%. The company had revenue of $102.01 million during the quarter, compared to analysts’ expectations of $94.32 million.
Cars.com stock traded down $0.40 during midday trading on Tuesday, reaching $7.28. The company’s stock had a trading volume of 9,216 shares, compared to its average volume of 1,561,532. The stock’s 50-day simple moving average is $8.49 and its 200-day simple moving average is $7.06. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $516.10 million, a P/E ratio of -0.39 and a beta of 2.13. Cars.com has a 52-week low of $3.25 and a 52-week high of $13.55.
In other Cars.com news, CEO Thomas Alex Vetter purchased 12,000 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of $8.50 per share, for a total transaction of $102,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Douglas Neal Miller sold 3,371 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $8.62, for a total value of $29,058.02. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of CARS. Federated Hermes Inc. boosted its position in Cars.com by 61.3% during the second quarter. Federated Hermes Inc. now owns 1,993,688 shares of the company’s stock worth $11,484,000 after purchasing an additional 758,029 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new position in Cars.com during the second quarter worth approximately $1,763,000. Tocqueville Asset Management L.P. boosted its position in Cars.com by 39.2% during the second quarter. Tocqueville Asset Management L.P. now owns 855,774 shares of the company’s stock worth $4,929,000 after purchasing an additional 240,900 shares in the last quarter. FMR LLC lifted its position in shares of Cars.com by 26.7% in the first quarter. FMR LLC now owns 1,052,622 shares of the company’s stock valued at $24,000,000 after acquiring an additional 222,027 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Cars.com by 556.1% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 166,000 shares of the company’s stock valued at $956,000 after acquiring an additional 140,700 shares in the last quarter. Institutional investors own 96.76% of the company’s stock.
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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