After finishing at $17.40 in the prior trading day, Cars.com (NYSE: CARS) closed at $16.94, down -2.64%. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 673562 shares were traded.
Ratios:
Our goal is to gain a better understanding of CARS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 0.99.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on September 15, 2023, initiated with a Neutral rating and assigned the stock a target price of $20.
On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $26.
On June 27, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $23.JP Morgan initiated its Overweight rating on June 27, 2023, with a $23 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 ’24 when Miller Douglas Neal sold 14,344 shares for $18.54 per share. The transaction valued at 265,938 led to the insider holds 167,252 shares of the business.
Miller Douglas Neal sold 1,823 shares of CARS for $33,726 on Mar 07 ’24. The Pres. and Chief Comm. Officer now owns 181,596 shares after completing the transaction at $18.50 per share. On Mar 06 ’24, another insider, Miller Douglas Neal, who serves as the Pres. and Chief Comm. Officer of the company, sold 16,167 shares for $18.15 each. As a result, the insider received 293,431 and left with 183,419 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CARS now has a Market Capitalization of 1.11B and an Enterprise Value of 1.56B. As of this moment, Cars.com’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.78, and their Forward P/E ratio for the next fiscal year is 9.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 2.27. Its current Enterprise Value per Revenue stands at 2.26 whereas that against EBITDA is 10.28.
Stock Price History:
Over the past 52 weeks, CARS has reached a high of $22.84, while it has fallen to a 52-week low of $14.82. The 50-Day Moving Average of the stock is 18.03, while the 200-Day Moving Average is calculated to be 18.56.
Shares Statistics:
The stock has traded on average 352.21K shares per day over the past 3-months and 417.62k shares per day over the last 10 days, according to various share statistics. A total of 65.93M shares are outstanding, with a floating share count of 60.18M. Insiders hold about 8.43% of the company’s shares, while institutions hold 92.10% stake in the company. Shares short for CARS as of Feb 29, 2024 were 1.64M with a Short Ratio of 4.67, compared to 1.5M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.50% and a Short% of Float of 4.06%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.05, while EPS last year was $0.17. The consensus estimate for the next quarter is $0.11, with high estimates of $0.14 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.68 and $0.29 for the fiscal current year, implying an average EPS of $0.5. EPS for the following year is $0.7, with 6 analysts recommending between $1 and $0.46.
Revenue Estimates
6 analysts predict $179.45M in revenue for the current quarter. It ranges from a high estimate of $180.43M to a low estimate of $178.1M. As of the current estimate, Cars.com’s year-ago sales were $167.07M, an estimated increase of 7.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $182.12M, an increase of 7.70% over than the figure of $7.40% in the same quarter last year. There is a high estimate of $186M for the next quarter, whereas the lowest estimate is $179.89M.
A total of 6 analysts have provided revenue estimates for CARS’s current fiscal year. The highest revenue estimate was $745M, while the lowest revenue estimate was $730.5M, resulting in an average revenue estimate of $736.46M. In the same quarter a year ago, actual revenue was $689.18M, up 6.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $773.85M in the next fiscal year. The high estimate is $780M and the low estimate is $768.3M. The average revenue growth estimate for next year is up 5.10% from the average revenue estimate for this year.
