Market Momentum Report: Cars.com (CARS)’s Negative Close at 19.35

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The price of Cars.com (NYSE: CARS) closed at $19.35 in the last session, down -0.21% from day before closing price of $19.39. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 0.67 million shares were traded. CARS stock price reached its highest trading level at $19.445 during the session, while it also had its lowest trading level at $19.18.

Ratios:

We take a closer look at CARS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.68. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.93.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1252705536 and an Enterprise Value of 1668110976. As of this moment, Cars.com’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.47, and their Forward P/E ratio for the next fiscal year is 8.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 2.50. Its current Enterprise Value per Revenue stands at 2.322 whereas that against EBITDA is 10.48.

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 $15.05. The 50-Day Moving Average of the stock is 15.88%, while the 200-Day Moving Average is calculated to be 8.30%.

Shares Statistics:

According to the various share statistics, CARS traded on average about 593.98K shares per day over the past 3-months and 761380 shares per day over the past 10 days. A total of 65.93M shares are outstanding, with a floating share count of 59.18M. Insiders hold about 8.59% of the company’s shares, while institutions hold 90.73% stake in the company. Shares short for CARS as of 1728950400 were 1826694 with a Short Ratio of 2.77, compared to 1726185600 on 1535281. Therefore, it implies a Short% of Shares Outstanding of 1826694 and a Short% of Float of 4.81.

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