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

Cars.com (NYSE:CARS) is scheduled to be announcing its earnings results 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $178.40 million. Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. 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 0.7 %

NYSE:CARS opened at $16.60 on Thursday. Cars.com has a 1 year low of $14.82 and a 1 year high of $22.84. The stock’s fifty day moving average price is $17.22 and its two-hundred day moving average price is $17.83. 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 company has a market cap of $1.10 billion, a P/E ratio of 9.60 and a beta of 2.05.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Cars.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insiders Place Their Bets

In other news, insider Douglas Neal Miller sold 1,823 shares of the company’s stock in a transaction 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 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 related news, CEO Thomas Alex Vetter sold 17,666 shares of the company’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 value of $335,654.00. Following the transaction, the chief executive officer now directly owns 568,885 shares in the company, valued at $10,808,815. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas Neal Miller sold 1,823 shares of Cars.com stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total transaction of $33,725.50. Following the sale, the insider now owns 181,596 shares of the company’s stock, valued at $3,359,526. The disclosure for this sale can be found here. Insiders have sold 34,488 shares of company stock worth $654,361 in the last three months. 2.12% of the stock is currently owned by corporate insiders.

Cars.com Company Profile

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.