At the time of writing, Cars.com [CARS] stock is trading at $18.64, up 9.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CARS shares have gain 10.30% over the last week, with a monthly amount glided 10.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cars.com [NYSE: CARS] stock has seen the most recent analyst activity on September 15, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $20. Previously, B. Riley Securities started tracking the stock with Buy rating on July 20, 2023, and set its price target to $26. On June 27, 2023, JP Morgan initiated with a Overweight rating and assigned a price target of $23 on the stock. BTIG Research reiterated its Buy rating and decreased its price target to $16 on June 21, 2022. Northcoast initiated its recommendation with a Neutral. Truist started tracking with a Buy rating for this stock on August 27, 2021, and assigned it a price target of $18. In a note dated March 01, 2021, The Benchmark Company upgraded an Buy rating on this stock but restated the target price of $18.
For the past year, the stock price of Cars.com fluctuated between $14.82 and $22.84. Currently, Wall Street analysts expect the stock to reach $20.5 within the next 12 months. Cars.com [NYSE: CARS] shares were valued at $18.64 at the most recent close of the market. An investor can expect a potential return of 9.98% based on the average CARS price forecast.
Analyzing the CARS fundamentals
According to Cars.com [NYSE:CARS], the company’s sales were 689.18M for trailing twelve months, which represents an 6.78% jump. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.22 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.98.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.07 points at the first support level, and at 17.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.11, and for the 2nd resistance point, it is at 19.57.
Cars.com [CARS] reported earnings per share of $0.12 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of -$0.04 and a surprise factor of -25.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.07 per share as compared to estimates of $0.1 per share, a difference of -$0.03 representing a surprise of -30.00%.
Ratios To Look Out For
It is important to note that Cars.com [NYSE:CARS] has a current ratio of 1.22. Also, the Quick Ratio is 1.22, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 2.50 and price to earnings (TTM) ratio is 10.77.
Transactions by insiders
Recent insider trading involved Miller Douglas Neal, Pres. and Chief Comm. Officer, that happened on Mar 08 ’24 when 14344.0 shares were sold. Pres. and Chief Comm. Officer, Miller Douglas Neal completed a deal on Mar 07 ’24 to sell 1823.0 shares. Meanwhile, Pres. and Chief Comm. Officer Miller Douglas Neal sold 16167.0 shares on Mar 06 ’24.
