Brokerages expect Cars.com Inc. (NYSE:CARS) to post $168.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cars.com’s earnings. The highest sales estimate is $169.84 million and the lowest is $166.90 million. Cars.com reported sales of $159.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The business is expected to report its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Cars.com will report full year sales of $665.23 million for the current year, with estimates ranging from $663.20 million to $668.96 million. For the next financial year, analysts anticipate that the company will post sales of $704.72 million per share, with estimates ranging from $687.18 million to $727.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Cars.com.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.39). Cars.com had a net margin of 28.90% and a return on equity of 7.78%. The business had revenue of $168.50 million for the quarter, compared to analysts’ expectations of $171.75 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year.

A number of research analysts have recently weighed in on CARS shares. DA Davidson set a $34.00 price target on Cars.com and gave the company a “buy” rating in a report on Wednesday, May 30th. ValuEngine downgraded Cars.com from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. Zacks Investment Research cut Cars.com from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 5th. Barrington Research reissued a “buy” rating on shares of Cars.com in a research report on Monday, August 6th. Finally, Benchmark reissued a “hold” rating on shares of Cars.com in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.13.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Cars.com by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 1,001,230 shares of the company’s stock valued at $28,426,000 after purchasing an additional 84,507 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Cars.com by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 332,067 shares of the company’s stock worth $9,427,000 after buying an additional 5,484 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Cars.com in the second quarter worth about $3,260,000. Nomura Holdings Inc. lifted its position in shares of Cars.com by 78.7% in the second quarter. Nomura Holdings Inc. now owns 62,547 shares of the company’s stock worth $1,776,000 after buying an additional 27,547 shares during the last quarter. Finally, Sapience Investments LLC lifted its position in shares of Cars.com by 55.6% in the second quarter. Sapience Investments LLC now owns 815,210 shares of the company’s stock worth $23,144,000 after buying an additional 291,390 shares during the last quarter.

Shares of CARS stock opened at $25.93 on Wednesday. Cars.com has a 1-year low of $20.94 and a 1-year high of $32.94. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.81 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.61 and a beta of -0.16.

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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