Cars.com Inc. (NYSE:CARS) Expected to Post Quarterly Sales of $159.92 Million

Brokerages expect that Cars.com Inc. (NYSE:CARS) will report sales of $159.92 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Cars.com’s earnings, with the lowest sales estimate coming in at $157.45 million and the highest estimate coming in at $162.77 million. Cars.com reported sales of $168.51 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5.1%. The company is expected to report its next quarterly earnings results before the market opens on Monday, August 5th.

On average, analysts expect that Cars.com will report full-year sales of $644.47 million for the current fiscal year, with estimates ranging from $636.96 million to $653.19 million. For the next year, analysts anticipate that the company will post sales of $695.28 million, with estimates ranging from $672.49 million to $724.65 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Cars.com.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Friday, May 10th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). Cars.com had a return on equity of 7.34% and a net margin of 4.40%. The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $152.29 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.

CARS has been the subject of a number of research reports. Citigroup raised Cars.com from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 2nd. Barrington Research reissued a “buy” rating and set a $37.50 target price on shares of Cars.com in a report on Monday, May 6th. Zacks Investment Research downgraded Cars.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, ValuEngine downgraded Cars.com from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.36.

CARS stock traded down $0.83 during midday trading on Friday, reaching $18.04. 2,129,223 shares of the company were exchanged, compared to its average volume of 726,706. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50-day simple moving average is $20.61. Cars.com has a one year low of $17.91 and a one year high of $29.54. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 2.48 and a beta of 0.69.

A number of hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund raised its stake in Cars.com by 2.0% in the first quarter. Texas Permanent School Fund now owns 42,099 shares of the company’s stock valued at $960,000 after purchasing an additional 819 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Cars.com by 6.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 16,294 shares of the company’s stock worth $350,000 after acquiring an additional 963 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Cars.com by 7.4% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,000 shares of the company’s stock worth $316,000 after acquiring an additional 1,100 shares in the last quarter. Rhumbline Advisers raised its stake in Cars.com by 0.5% during the first quarter. Rhumbline Advisers now owns 209,353 shares of the company’s stock worth $4,773,000 after acquiring an additional 1,126 shares in the last quarter. Finally, Sicart Associates LLC raised its stake in Cars.com by 0.8% during the first quarter. Sicart Associates LLC now owns 177,330 shares of the company’s stock worth $4,043,000 after acquiring an additional 1,370 shares in the last quarter.

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.

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Earnings History and Estimates for Cars.com (NYSE:CARS)

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