A share price of Cars.com [CARS] is currently trading at $16.00, down -1.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The CARS shares have gain 4.23% over the last week, with a monthly amount drifted -3.61%, and not 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 August 09, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $19 from $25. Previously, UBS started tracking the stock with Neutral rating on September 15, 2023, and set its price target to $20. On July 20, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $26 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $23 on June 27, 2023. BTIG Research reiterated its recommendation of a Buy and reduced its price target to $16 on June 21, 2022. In a note dated August 27, 2021, Truist initiated an Buy rating and provided a target price of $18 on this stock.
Cars.com experienced fluctuations in its stock price throughout the past year between $14.82 and $21.24. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Cars.com [NYSE: CARS] shares were valued at $16.00 at the most recent close of the market. An investor can expect a potential return of 50.0% based on the average CARS price forecast.
Analyzing the CARS fundamentals
Trailing Twelve Months sales for Cars.com [NYSE:CARS] were 713.01M which represents 6.37% growth. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
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 15.83 points at the first support level, and at 15.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.31, and for the 2nd resistance point, it is at 16.63.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cars.com [NYSE:CARS] is 1.53. On the other hand, the Quick Ratio is 1.53, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 43.57.
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.
