Trading Day Triumph: Cars.com (CARS) Ends at 17.60, a -5.58 Surge/Plunge

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Cars.com (NYSE: CARS) closed the day trading at $17.60 down -5.58% from the previous closing price of $18.64. In other words, the price has decreased by -$5.58 from its previous closing price. On the day, 0.53 million shares were traded. CARS stock price reached its highest trading level at $18.77 during the session, while it also had its lowest trading level at $17.6.

Ratios:

For a better understanding of CARS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 0.98 whereas as Long-Term Debt/Eq ratio is at 0.98.

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 1163652224 and an Enterprise Value of 1606043392. As of this moment, Cars.com’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.18, and their Forward P/E ratio for the next fiscal year is 7.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 2.287 whereas that against EBITDA is 10.028.

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 2.53%, while the 200-Day Moving Average is calculated to be -2.46%.

Shares Statistics:

Over the past 3-months, CARS traded about 431.83K shares per day on average, while over the past 10 days, CARS traded about 396590 shares per day. A total of 65.93M shares are outstanding, with a floating share count of 50.52M. Insiders hold about 8.89% of the company’s shares, while institutions hold 88.21% stake in the company. Shares short for CARS as of 1714435200 were 1669279 with a Short Ratio of 3.87, compared to 1711584000 on 1621061. Therefore, it implies a Short% of Shares Outstanding of 1669279 and a Short% of Float of 4.37.

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