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

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

3 brokerages have issued 1-year target prices for Cars.com's stock. Their CARS share price forecasts range from $23.00 to $24.00. On average, they anticipate the company's stock price to reach $23.42 in the next twelve months. This suggests a possible upside of 29.7% from the stock's current price.
View analysts price targets for CARS or view top-rated stocks among Wall Street analysts.

Cars.com's stock was trading at $13.77 at the start of the year. Since then, CARS shares have increased by 31.2% and is now trading at $18.06.
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Cars.com saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,720,000 shares, a decrease of 8.0% from the April 15th total of 1,870,000 shares. Based on an average daily volume of 476,000 shares, the short-interest ratio is currently 3.6 days. Approximately 2.8% of the shares of the company are sold short.
View Cars.com's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CARS earnings forecast.

Cars.com Inc. (NYSE:CARS) announced its quarterly earnings results on Thursday, May, 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. The business had revenue of $167.10 million for the quarter, compared to analysts' expectations of $166.91 million. Cars.com had a net margin of 3.67% and a trailing twelve-month return on equity of 6.33%. The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share.

ETFs with the largest weight of Cars.com (NYSE:CARS) stock in their portfolio include Invesco Dynamic Media ETF (PBS), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), SPDR S&P Internet ETF (XWEB), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Hartford Longevity Economy ETF (HLGE), Pacer US Small Cap Cash Cows 100 ETF (CALF) and Global X Millennial Consumer ETF (MILN).

Cars.com issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $168.00 million-$170.00 million, compared to the consensus revenue estimate of $168.78 million.

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.

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).

Cars.com trades on the New York Stock Exchange (NYSE) under the ticker symbol "CARS."

Cars.com's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.11%), FMR LLC (13.24%), Greenvale Capital LLP (7.49%), Dimensional Fund Advisors LP (5.28%), Ninety One UK Ltd (4.78%) and State Street Corp (3.35%). Insiders that own company stock include Bryan Wiener, Douglas Neal Miller, James F Rogers, Thomas Alex Vetter and Thomas E Hale.
View institutional ownership trends.

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.
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One share of CARS stock can currently be purchased for approximately $18.06.

Cars.com (NYSE:CARS) has a market capitalization of $1.20 billion and generates $653.88 million in revenue each year. The company earns $17.21 million in net income (profit) each year or $0.36 on an earnings per share basis.

The company employs 1,700 workers across the globe.

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.