Cars.com (CARS) Set to Announce Earnings on Thursday

Cars.com (NYSE:CARS) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Cars.com has set its Q1 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $178.40 million. Cars.com had a return on equity of 25.78% and a net margin of 17.19%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. On average, analysts expect Cars.com to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cars.com Trading Down 0.8 %

Shares of CARS stock opened at $17.24 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $1.14 billion, a PE ratio of 9.97 and a beta of 2.05. The company has a 50-day moving average of $17.16 and a two-hundred day moving average of $17.85. Cars.com has a 1-year low of $14.82 and a 1-year high of $22.84.

Insider Activity

In other news, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total value of $33,725.50. Following the completion of the transaction, the insider now owns 181,596 shares of the company’s stock, valued at $3,359,526. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total value of $33,725.50. Following the completion of the transaction, the insider now owns 181,596 shares of the company’s stock, valued at $3,359,526. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas Alex Vetter sold 17,666 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.00, for a total transaction of $335,654.00. Following the completion of the transaction, the chief executive officer now directly owns 568,885 shares of the company’s stock, valued at approximately $10,808,815. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,488 shares of company stock valued at $654,361. 2.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research note on Monday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

About Cars.com

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.