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

6 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 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.

6 equities research analysts have issued twelve-month price objectives for Cars.com's shares. 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 36.7% 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 beginning of the year. Since then, CARS stock has increased by 23.3% and is now trading at $16.98.
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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 daily trading volume, of 445,900 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.4% of the company's stock are short sold.
View Cars.com's Short Interest.

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

Cars.com Inc. (NYSE:CARS) issued its earnings results on Thursday, August, 3rd. The company reported $1.37 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 analysts' expectations of $168.97 million. Cars.com had a trailing twelve-month return on equity of 27.83% and a net margin of 16.90%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share.

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).

Cars.com issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share 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.

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.63%), Dimensional Fund Advisors LP (5.09%), Ninety One UK Ltd (4.47%), State Street Corp (3.40%), Geode Capital Management LLC (1.86%) and Charles Schwab Investment Management Inc. (1.19%). Insiders that own company stock include Angelique Strong Marks, Bryan Wiener, Douglas Neal Miller, James F Rogers, Jr Donald A Mcgovern, 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 $16.98.

Cars.com (NYSE:CARS) has a market capitalization of $1.13 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.

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.