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In the latest session, Cars.com (NYSE: CARS) closed at $17.49 down -1.19% from its previous closing price of $17.70. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 0.61 million shares were traded. CARS stock price reached its highest trading level at $17.77 during the session, while it also had its lowest trading level at $17.375.
Ratios:
For a deeper understanding of Cars.com’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.95.
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 the company, JP Morgan on August 09, 2024, Downgraded its rating to Neutral and sets its target price to $19 from $25 previously.
On September 15, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $20.
On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $26.B. Riley Securities initiated its Buy rating on July 20, 2023, with a $26 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 12 ’24 when Vetter Thomas Alex sold 17,674 shares for $19.23 per share. The transaction valued at 339,871 led to the insider holds 598,934 shares of the business.
Vetter Thomas Alex sold 17,666 shares of CARS for $354,910 on Jun 14 ’24. The CEO now owns 616,608 shares after completing the transaction at $20.09 per share. On Jun 05 ’24, another insider, WIENER BRYAN, who serves as the Director of the company, sold 10,000 shares for $20.51 each. As a result, the insider received 205,100 and left with 62,913 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 1154691584 and an Enterprise Value of 1595289856. As of this moment, Cars.com’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.63, and their Forward P/E ratio for the next fiscal year is 7.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.43. 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 2.33. Its current Enterprise Value per Revenue stands at 2.237 whereas that against EBITDA is 9.962.
Stock Price History:
Over the past 52 weeks, CARS has reached a high of $21.24, while it has fallen to a 52-week low of $14.82. The 50-Day Moving Average of the stock is -4.06%, while the 200-Day Moving Average is calculated to be -4.09%.
Shares Statistics:
For the past three months, CARS has traded an average of 571.38K shares per day and 925030 over the past ten days. A total of 65.93M shares are outstanding, with a floating share count of 60.32M. Insiders hold about 8.63% of the company’s shares, while institutions hold 89.14% stake in the company. Shares short for CARS as of 1724976000 were 1668618 with a Short Ratio of 2.92, compared to 1722384000 on 1343408. Therefore, it implies a Short% of Shares Outstanding of 1668618 and a Short% of Float of 4.3899998.
