Cars.com (CARS) Scheduled to Post Quarterly Earnings on Thursday

Cars.com (NYSE:CARS) will be releasing 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.Parties that are interested in participating in the company’s conference call can do so using this link.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Cars.com had a net margin of 3.51% and a return on equity of 6.70%. The business had revenue of $178.89 million for 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 Stock Performance

Shares of NYSE CARS opened at $16.06 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $16.63 and its two-hundred day moving average price is $17.97. Cars.com has a 52-week low of $15.05 and a 52-week high of $21.24. The stock has a market capitalization of $1.06 billion, a P/E ratio of 43.41 and a beta of 2.10.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group cut their price target on Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Cars.com from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $19.00 in a report on Friday, August 9th. B. Riley lowered their price target on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research report on Monday.

Cars.com Company Profile

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.