Analysts Expect Cars.com Inc. (CARS) Will Post Earnings of $0.58 Per Share
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 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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