At the time of writing, Cars.com [CARS] stock is trading at $19.66, down -1.16%. 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 6.27% over the last week, with a monthly amount glided 21.73%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Cars.com fluctuated between $15.05 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 $19.66 at the most recent close of the market. An investor can expect a potential return of 22.08% based on the average CARS price forecast.
Analyzing the CARS fundamentals
According to Cars.com [NYSE:CARS], the company’s sales were 718.33M for trailing twelve months, which represents an 3.05% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 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 0.93.
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 19.50 points at the first support level, and at 19.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.92, and for the 2nd resistance point, it is at 20.18.
Ratios To Look Out For
It is important to note that Cars.com [NYSE:CARS] has a current ratio of 1.79. Also, the Quick Ratio is 1.79, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 2.54 and price to earnings (TTM) ratio is 34.00.
Transactions by insiders
Recent insider trading involved Jain Sonia, Officer, that happened on Nov 26 ’24 when 24971.0 shares were purchased. Director, Greenthal Jill A completed a deal on Nov 26 ’24 to buy 4524.0 shares. Meanwhile, CEO Vetter Thomas Alex sold 17674.0 shares on Jul 12 ’24.
