Cars.com (CARS) to Release Earnings on Thursday

Cars.com (NYSE:CARS) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect Cars.com to post earnings of $0.44 per share for the quarter. Cars.com has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, August 8th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Cars.com had a return on equity of 6.70% and a net margin of 3.51%. The business had revenue of $178.89 million during the quarter, compared to the consensus estimate of $181.51 million. On average, analysts expect Cars.com to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cars.com Price Performance

Shares of NYSE:CARS opened at $16.00 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 10.19 and a beta of 2.11. The business has a 50-day simple moving average of $16.78 and a two-hundred day simple moving average of $17.97. Cars.com has a fifty-two week low of $14.82 and a fifty-two week high of $21.24.

Wall Street Analyst Weigh In

CARS has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research report on Friday, August 23rd. B. Riley dropped their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. UBS Group decreased their target price on Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut Cars.com from an “overweight” rating to a “neutral” rating and cut their price target for the company from $25.00 to $19.00 in a report on Friday, August 9th.

About Cars.com

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.