NYSE:CARS

Cars.com (CARS) Stock Price, News & Analysis

$18.64
+0.63 (+3.50%)
(As of 05/15/2024 ET)
Today's Range
$17.85
$18.84
50-Day Range
$16.08
$18.75
52-Week Range
$14.82
$22.84
Volume
640,030 shs
Average Volume
396,627 shs
Market Capitalization
$1.23 billion
P/E Ratio
11.88
Dividend Yield
N/A
Price Target
$24.00

Cars.com MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
28.7% Upside
$24.00 Price Target
Short Interest
Healthy
2.77% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.05mentions of Cars.com in the last 14 days
Based on 69 Articles This Week
Insider Trading
Selling Shares
$558,600 Sold Last Quarter
Proj. Earnings Growth
36.36%
From $0.55 to $0.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.07 out of 5 stars

Retail/Wholesale Sector

66th out of 204 stocks

Data Processing & Preparation Industry

12th out of 58 stocks

CARS stock logo

About Cars.com Stock (NYSE:CARS)

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. It also sells online subscription advertising products to car dealerships by its direct sales force, as well as through its affiliate sales channel. In addition, the company sells display advertising to national advertisers. Further, it offers online automotive marketplace service that connects buyers and sellers through Cars.com, Auto.com, DealerRater.com, NewCars.com, PickupTrucks.com, DealerInspire.com, and LaunchDigitalMarketing.com Websites. Its platform hosts approximately 4.9 million new and used vehicle listings and serves approximately 20,000 franchise and independent car dealers. Cars.com Inc. was founded in 1998 and is headquartered in Chicago, Illinois.

CARS Stock Price History

CARS Stock News Headlines

Cars.com Inc. (NYSE:CARS) CEO Sells $524,875.00 in Stock
Who Owns Electric Cars?
16 cars broken into in Wallingford
Does Fisker Build Its EV Cars In America?
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/16/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Previous Symbol
NASDAQ:CARS
Employees
1,700
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$24.00
High Stock Price Target
$26.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+28.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$118.44 million
Pretax Margin
0.91%

Debt

Sales & Book Value

Annual Sales
$689.18 million
Cash Flow
$3.50 per share
Book Value
$7.28 per share

Miscellaneous

Free Float
64,715,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
2.05

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CARS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cars.com stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cars.com in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CARS shares.
View CARS analyst ratings
or view top-rated stocks.

What is Cars.com's stock price target for 2024?

4 brokerages have issued 1-year price objectives for Cars.com's stock. Their CARS share price targets range from $20.00 to $26.00. On average, they anticipate the company's share price to reach $24.00 in the next year. This suggests a possible upside of 28.7% from the stock's current price.
View analysts price targets for CARS
or view top-rated stocks among Wall Street analysts.

How have CARS shares performed in 2024?

Cars.com's stock was trading at $18.97 at the beginning of 2024. Since then, CARS stock has decreased by 1.7% and is now trading at $18.6450.
View the best growth stocks for 2024 here
.

Are investors shorting Cars.com?

Cars.com saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,730,000 shares, an increase of 6.8% from the March 31st total of 1,620,000 shares. Based on an average daily trading volume, of 399,500 shares, the short-interest ratio is presently 4.3 days. Approximately 2.9% of the shares of the company are short sold.
View Cars.com's Short Interest
.

When is Cars.com's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our CARS earnings forecast
.

How were Cars.com's earnings last quarter?

Cars.com Inc. (NYSE:CARS) issued its earnings results on Thursday, February, 22nd. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.07. The company earned $179.60 million during the quarter, compared to the consensus estimate of $178.40 million. Cars.com had a net margin of 15.34% and a trailing twelve-month return on equity of 22.28%. The business's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share.

What ETFs hold Cars.com's stock?

ETFs with the largest weight of Cars.com (NYSE:CARS) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU).SPDR S&P Internet ETF (XWEB).

What guidance has Cars.com issued on next quarter's earnings?

Cars.com issued an update on its second quarter 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $181.0 million-$183.0 million, compared to the consensus revenue estimate of $182.1 million.

What is Alex Vetter's approval rating as Cars.com's CEO?

232 employees have rated Cars.com Chief Executive Officer Alex Vetter on Glassdoor.com. Alex Vetter has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Cars.com own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cars.com investors own include Walt Disney (DIS), Pfizer (PFE), Advanced Micro Devices (AMD), NVIDIA (NVDA), Costco Wholesale (COST), Intel (INTC), Micron Technology (MU), Southwest Airlines (LUV), PayPal (PYPL) and QUALCOMM (QCOM).

Who are Cars.com's major shareholders?

Cars.com's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.89%), Tocqueville Asset Management L.P. (1.22%), Russell Investments Group Ltd. (0.93%), Lord Abbett & CO. LLC (0.74%), First Eagle Investment Management LLC (0.64%) and Principal Financial Group Inc. (0.49%). Insiders that own company stock include Angelique Strong Marks, Bryan Wiener, Douglas Neal Miller, James F Rogers, Jr Donald A Mcgovern, Sonia Jain, Thomas Alex Vetter and Thomas E Hale.
View institutional ownership trends
.

How do I buy shares of Cars.com?

Shares of CARS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Cars.com have any subsidiaries?
The following companies are subsidiares of Cars.com: Cars.com LLC, CreditIQ, CreditIQ LLC, Dealer Inspire, Dealer Inspire Inc., Dealer Inspire Solutions Canada Inc., DealerRater, DealerRater Canada LLC, DealerRater.com LLC, Launch Digital Marketing, and PickupTrucks.com.
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This page (NYSE:CARS) was last updated on 5/16/2024 by MarketBeat.com Staff

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