NYSE:CARS

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

$16.67

-0.19 (-1.13%)

(As of 04:29 PM ET)

Compare

Today's Range: $16.50
▼
$17.18
50-Day Range: $16.56
▼
$22.82
52-Week Range: $11.52
▼
$22.84

Volume: 372,882 shs
Average Volume: 425,125 shs
Market Capitalization: $1.11 billion

P/E Ratio: 10.10
Dividend Yield: N/A
Price Target: $23.21

Cars.com MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 39.8% Upside
$23.21 Price Target
Short Interest: Healthy
2.43% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.20
Based on 58 Articles This Week
Insider Trading: Selling Shares
$335,654 Sold Last Quarter
Proj. Earnings Growth: 27.27%
From $0.44 to $0.56 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Retail/Wholesale Sector

72nd out of 216 stocks

Data Processing & Preparation Industry

12th out of 60 stocks

3.4

Analyst's Opinion

Consensus Rating
Cars.com has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.21, Cars.com has a forecasted upside of 39.8% from its current price of $16.60.
Amount of Analyst Coverage
Cars.com has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.43% of the float of Cars.com has been sold short.
Short Interest Ratio / Days to Cover
Cars.com has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cars.com has recently increased by 2.80%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Cars.com does not currently pay a dividend.
Dividend Growth
Cars.com does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CARS.

1.0

News and Social Media Coverage

News Sentiment
Cars.com has a news sentiment score of -0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 58 news articles for Cars.com this week, compared to 25 articles on an average week.
Search Interest
Only 2 people have searched for CARS on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Cars.com to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cars.com insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $335,654.00 in company stock.
Percentage Held by Insiders
Only 1.59% of the stock of Cars.com is held by insiders.
Percentage Held by Institutions
88.77% of the stock of Cars.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Cars.com are expected to grow by 27.27% in the coming year, from $0.44 to $0.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cars.com is 10.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.46.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cars.com is 10.06, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 20.86.
Price to Book Value per Share Ratio
Cars.com has a P/B Ratio of 2.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cars.com (NYSE:CARS) 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. 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 Price History

30 days | 90 days | 365 days | Advanced Chart

CARS Stock News Headlines

September 25, 2023 | marketbeat.com

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October 2, 2023 | yahoo.com

Electric cars draw a backlash across the U.S. and Europe

October 2, 2023 | Stansberry Research (Ad)

Is NVIDIA Leading a "Magnificent Seven Bubble"?

The world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks.

October 2, 2023 | msn.com

Trump’s bashing electric cars. He has lots of company in Europe.

October 2, 2023 | americanbankingnews.com

Cars.com Inc. (NYSE:CARS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

October 2, 2023 | news.yahoo.com

What we know about the cars taking over streets and doing donuts in Cincinnati this weekend

October 2, 2023 | cbsnews.com

Driver arrested after truck crashes into 10 cars in Port Richmond, police say

October 1, 2023 | msn.com

20-year-old man fatally struck by two cars in Victorville

October 2, 2023 | Behind the Markets (Ad)

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October 1, 2023 | msn.com

What Our Phones, Cars and Refrigerators Need: More Buttons

October 1, 2023 | msn.com

Pandemic hangover forces used car shoppers to buy much older cars

October 1, 2023 | msn.com

Climate activists across the globe are pushing restrictions on everything from gas stoves to cars

September 30, 2023 | msn.com

Classic cars from southwest Iowa collection sell for over $700,000

September 30, 2023 | cbsnews.com

Swastikas spray painted on several cars in Ladera Heights neighborhood

September 30, 2023 | finance.yahoo.com

Money Pit To Avoid: These 10 Cars Could Drain Your Savings Through Constant Repairs

September 30, 2023 | msn.com

The American Exotics: Cars Made in the USA That You’ve Never Seen

September 30, 2023 | nytimes.com

Where German Cars Falter, E-Bikes Gain in Power

September 30, 2023 | msn.com

The Best-Selling American Cars Of All Time

September 30, 2023 | cbsnews.com

Waymo's self driving cars on Miami streets as company tests its technology

September 29, 2023 | msn.com

New York City area under state of emergency after storms flood subways, strand people in cars

September 29, 2023 | news.yahoo.com

French museum offers chance to drive famous movie cars

September 29, 2023 | apnews.com

Norway joins EU nations in banning Russian-registered cars from entering its territory

September 29, 2023 | msn.com

It's not just cars — here's the hot commodity much of the U.S. can't afford

September 29, 2023 | msn.com

Collection of 100 classic cars up for auction at Iowa speedway: See what's for sale

September 29, 2023 | reuters.com

'Fast and Furious': Paris collector offers drives in famous movie cars

September 29, 2023 | msn.com

Used cars now less affordable for buyers

September 28, 2023 | msn.com

Europe Learns Its Electric Cars Will Be Made in China

See More Headlines

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CARS Company Calendar

Last Earnings: 8/03/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NYSE:CARS
Previous Symbol: NASDAQ:CARS
CUSIP: N/A
CIK: 1683606
Web: www.cars.com
Phone: 312-601-5000
Fax: 312-601-5755
Employees: 1,700
Year Founded: 1998

Price Target and Rating

Average Stock Price Forecast: $23.21
High Stock Price Forecast: $26.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +37.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.65
Trailing P/E Ratio: 10.22
Forward P/E Ratio: 38.32
P/E Growth: N/A
Net Income: $17.21 million
Net Margins: 16.90%
Pretax Margin: 4.20%
Return on Equity: 27.83%
Return on Assets: 10.85%

Debt

Debt-to-Equity Ratio: 0.91
Current Ratio: 1.30
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: $653.88 million
Price / Sales: 1.71
Cash Flow: $1.69 per share
Price / Cash Flow: 9.96
Book Value: $5.77 per share
Price / Book: 2.92

Miscellaneous

Outstanding Shares: 66,470,000
Free Float: 65,411,000
Market Cap: $1.12 billion
Optionable: Optionable
Beta: 2.02

Social Links

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Key Executives

Mr. T. Alex Vetter (Age 47)
Co-Founder, CEO, Pres & Director

Mr. James F. Rogers (Age 65)
Chief Legal Officer

Mr. John Clavadetscher (Age 44)
Chief Revenue Officer

Mr. William Swislow
Co-Founder

Ms. Becky A. Sheehan (Age 52)
Exec. VP, CFO & Principal Accounting Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CARS Stock - Frequently Asked Questions

Should I buy or sell Cars.com stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cars.com in the last twelve months. There are currently 1 hold rating and 5 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 forecast for 2023?: 6 brokerages have issued 12 month price objectives for Cars.com's stock. Their CARS share price forecasts range from $20.00 to $26.00. On average, they predict the company's stock price to reach $23.21 in the next twelve months. This suggests a possible upside of 37.7% 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 2023?: Cars.com's stock was trading at $13.77 on January 1st, 2023. Since then, CARS shares have increased by 22.4% and is now trading at $16.86.
View the best growth stocks for 2023 here.
Are investors shorting Cars.com?: Cars.com saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,430,000 shares, a decrease of 16.9% from the August 15th total of 1,720,000 shares. Based on an average trading volume of 445,900 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.4% of the shares of the company are sold short.
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, November 2nd 2023.
View our CARS earnings forecast.
How were Cars.com's earnings last quarter?: Cars.com Inc. (NYSE:CARS) released its quarterly earnings results on Thursday, August, 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.91. The firm had revenue of $168.20 million for the quarter, compared to the consensus estimate of $168.97 million. Cars.com had a trailing twelve-month return on equity of 27.83% and a net margin of 16.90%. Cars.com's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS.
What ETFs hold Cars.com's stock?: ETFs with the largest weight of Cars.com (NYSE:CARS) stock in their portfolio include Invesco Next Gen Media and Gaming ETF (PBS), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), SPDR S&P Internet ETF (XWEB), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust Small Cap Growth AlphaDEX Fund (FYC), Hartford Longevity Economy ETF (HLGE) and First Trust Active Factor Small Cap ETF (AFSM).
What guidance has Cars.com issued on next quarter's earnings?: Cars.com updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $172.00 million-$174.00 million, compared to the consensus revenue estimate of $171.56 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).
What is Cars.com's stock symbol?: Cars.com trades on the New York Stock Exchange (NYSE) under the ticker symbol "CARS."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cars.com's stock price today?: One share of CARS stock can currently be purchased for approximately $16.86.
How much money does Cars.com make?: Cars.com (NYSE:CARS) has a market capitalization of $1.12 billion and generates $653.88 million in revenue each year. The company earns $17.21 million in net income (profit) each year or $1.65 on an earnings per share basis.
How many employees does Cars.com have?: The company employs 1,700 workers across the globe.
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.
Read More
How can I contact Cars.com?: Cars.com's mailing address is 300 S. RIVERSIDE PLAZA SUITE 1000, CHICAGO IL, 60606. The official website for the company is www.cars.com. The company can be reached via phone at 312-601-5000, via email at khamid@cars.com, or via fax at 312-601-5755.

This page (NYSE:CARS) was last updated on 10/2/2023 by MarketBeat.com Staff

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

Cars.com MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cars.com (NYSE:CARS) Stock

CARS Price History

CARS Stock News Headlines

CARS Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CARS Stock - Frequently Asked Questions

Overall MarketRank^™