Equities research analysts forecast that Cars.com Inc. (NYSE:CARS) will post $0.58 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cars.com’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.65. Cars.com posted earnings of $0.48 per share in the same quarter last year, which indicates a positive year over year growth rate of 20.8%. The firm is scheduled to report its next quarterly earnings report on Tuesday, March 5th.

On average, analysts expect that Cars.com will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.93 to $2.07. For the next year, analysts anticipate that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.17 to $2.53. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Cars.com.

Cars.com (NYSE:CARS) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $169.30 million for the quarter, compared to analyst estimates of $168.04 million. Cars.com had a return on equity of 7.77% and a net margin of 27.69%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share.

Several brokerages recently issued reports on CARS. Barrington Research reaffirmed a “buy” rating on shares of Cars.com in a report on Monday, August 6th. Zacks Investment Research cut Cars.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Cars.com in a report on Thursday, August 9th. ValuEngine cut Cars.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Finally, BTIG Research began coverage on Cars.com in a report on Tuesday, November 13th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cars.com currently has a consensus rating of “Hold” and a consensus target price of $37.13.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Cars.com by 3.9% in the second quarter. BlackRock Inc. now owns 8,100,935 shares of the company’s stock worth $229,984,000 after acquiring an additional 305,592 shares during the last quarter. Starboard Value LP raised its holdings in shares of Cars.com by 10.1% in the third quarter. Starboard Value LP now owns 6,292,000 shares of the company’s stock worth $173,722,000 after acquiring an additional 575,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cars.com by 18.2% in the third quarter. Dimensional Fund Advisors LP now owns 5,341,349 shares of the company’s stock worth $147,475,000 after acquiring an additional 822,127 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Cars.com by 5.3% in the second quarter. River Road Asset Management LLC now owns 1,691,840 shares of the company’s stock worth $48,031,000 after acquiring an additional 84,520 shares during the last quarter. Finally, Silver Point Capital L.P. raised its holdings in shares of Cars.com by 12.9% in the third quarter. Silver Point Capital L.P. now owns 1,512,000 shares of the company’s stock worth $41,746,000 after acquiring an additional 173,000 shares during the last quarter.

Shares of CARS stock opened at $25.10 on Thursday. The firm has a market cap of $1.79 billion, a P/E ratio of 11.01, a PEG ratio of 2.83 and a beta of 0.22. Cars.com has a 1 year low of $23.44 and a 1 year high of $32.94. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

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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