Cars.com [CARS] stock prices are up 1.48% to $20.62 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CARS shares have gain 9.62% over the last week, with a monthly amount glided 9.74%, 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.
The stock price of Cars.com [CARS] has been fluctuating between $14.82 and $22.84 over the past year. Currently, Wall Street analysts expect the stock to reach $20.5 within the next 12 months. Cars.com [NYSE: CARS] shares were valued at $20.62 at the most recent close of the market. An investor can expect a potential drop of -0.58% based on the average CARS price forecast.
Analyzing the CARS fundamentals
The Cars.com [NYSE:CARS] reported sales of 702.29M for trailing twelve months, representing a surge of 7.85%. Gross Profit Margin for this corporation currently stands at 0.75% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.98.
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 20.29 points at the first support level, and at 19.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.09, and for the 2nd resistance point, it is at 21.57.
Ratios To Look Out For
It’s worth pointing out that Cars.com [NYSE:CARS]’s Current Ratio is 1.62. On the other hand, the Quick Ratio is 1.62, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.94, the price to book ratio is 2.84 and price to earnings (TTM) ratio is 13.10.
Transactions by insiders
Recent insider trading involved Vetter Thomas Alex, CEO, that happened on Jul 12 ’24 when 17674.0 shares were sold. CEO, Vetter Thomas Alex completed a deal on Jun 14 ’24 to sell 17666.0 shares. Meanwhile, Director WIENER BRYAN sold 10000.0 shares on Jun 05 ’24.
