Cars.com (NYSE:CARS) Issues Earnings Results

Cars.com (NYSE:CARS - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.11), Zacks reports. The business had revenue of $180.43 million during the quarter, compared to analyst estimates of $184.16 million. Cars.com had a return on equity of 9.99% and a net margin of 5.46%. Cars.com updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Cars.com Price Performance

Cars.com stock traded down $0.35 during midday trading on Monday, reaching $12.85. The company had a trading volume of 1,523,270 shares, compared to its average volume of 576,539. The firm's fifty day simple moving average is $17.13 and its 200-day simple moving average is $17.40. Cars.com has a 12-month low of $11.78 and a 12-month high of $21.24. The company has a market capitalization of $831.90 million, a P/E ratio of 22.16 and a beta of 2.15. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CARS. UBS Group lifted their price objective on Cars.com from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Barrington Research reiterated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research report on Monday, February 24th. DA Davidson cut their target price on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cars.com from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cars.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.50.

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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.