Cars.com (CARS) Stock Price, News & Analysis

Company Overview

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. It also sells online subscription advertising products to car dealerships by its direct sales force, as well as through its affiliate sales channel. In addition, the company sells display advertising to national advertisers. Further, it offers online automotive marketplace service that connects buyers and sellers through Cars.com, Auto.com, DealerRater.com, NewCars.com, PickupTrucks.com, DealerInspire.com, and LaunchDigitalMarketing.com Websites. Its platform hosts approximately 4.9 million new and used vehicle listings and serves approximately 20,000 franchise and independent car dealers. Cars.com Inc. was founded in 1998 and is headquartered in Chicago, Illinois.

Key Stats

• Today's Range: $19.40 to $20.00
• 50-Day Range: $15.18 to $19.40
• 52-Week Range: $15.05 to $21.24
• Volume: 555,947 shs
• Average Volume: 488,316 shs
• Market Capitalization: $1.29 billion
• P/E Ratio: 34.29
• Dividend Yield: N/A
• Price Target: $23.00
• Consensus Rating: Moderate Buy

Cars.com Stock Analysis - MarketRank™

Cars.com scored higher than 73% of companies evaluated by MarketBeat, and ranked 106th out of 208 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cars.com has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cars.com has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 44.35%

Earnings Growth

Earnings for Cars.com are expected to grow by 44.35% in the coming year, from $1.15 to $1.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cars.com is 34.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cars.com is 34.40, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 106.46.

Price to Book Value per Share Ratio

Cars.com has a P/B Ratio of 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.77% of the float of Cars.com has been sold short.

Short Interest Ratio / Days to Cover

Cars.com has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cars.com has recently decreased by 10.38%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cars.com does not currently pay a dividend.

Dividend Growth

Cars.com does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.77% of the float of Cars.com has been sold short.

Short Interest Ratio / Days to Cover

Cars.com has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cars.com has recently decreased by 10.38%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 1.45

News Sentiment

Cars.com has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Cars.com this week, compared to 47 articles on an average week.

Search Interest

Only 1 people have searched for CARS on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Cars.com to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cars.com insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.12% of the stock of Cars.com is held by insiders.

Percentage Held by Institutions

89.15% of the stock of Cars.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CARS Stock Analysis - Frequently Asked Questions

How have CARS shares performed this year?

Cars.com's stock was trading at $18.97 at the start of the year. Since then, CARS stock has increased by 5.2% and is now trading at $19.95.
View the best growth stocks for 2024 here.

How were Cars.com's earnings last quarter?

Cars.com Inc. (NYSE:CARS) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.07. The business's revenue was up 6.8% compared to the same quarter last year.

Does Cars.com have any subsidiaries?

Cars.com subsidiaries include CreditIQ, Dealer Inspire, Launch Digital Marketing, DealerRater, PickupTrucks.com, Cars.com LLC, CreditIQ LLC, and more.

Who are Cars.com's major shareholders?

Top institutional shareholders of Cars.com include FMR LLC (15.30%), Pacer Advisors Inc. (3.78%), State Street Corp (3.74%) and Geode Capital Management LLC (2.26%). Insiders that own company stock include Thomas Alex Vetter, Sonia Jain, Douglas Neal Miller, Angelique Strong Marks, Bryan Wiener, Thomas E Hale and James F Rogers.
View institutional ownership trends.

How do I buy shares of Cars.com?

Shares of CARS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cars.com own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cars.com investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 2/22/2024
• Today: 11/25/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Data processing & preparation
• Sub-Industry: N/A
• Current Symbol: NYSE:CARS
• Previous Symbol: NASDAQ:CARS
• CUSIP: N/A
• CIK: 1683606
• Web: www.cars.com
• Phone: 312-601-5000
• Fax: 312-601-5755
• Employees: 1,700
• Year Founded: 1998

Price Target and Rating

• Average Stock Price Target: $23.00
• High Stock Price Target: $26.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +16.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.58
• Trailing P/E Ratio: 34.10
• Forward P/E Ratio: 17.20
• P/E Growth: N/A
• Net Income: $118.44 million
• Net Margins: 5.46%
• Pretax Margin: 6.08%
• Return on Equity: 9.99%
• Return on Assets: 4.33%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 1.79
• Quick Ratio: 1.79

Sales & Book Value

• Annual Sales: $689.18 million
• Price / Sales: 1.86
• Cash Flow: $3.42 per share
• Price / Cash Flow: 5.78
• Book Value: $7.43 per share
• Price / Book: 2.66

Miscellaneous

• Outstanding Shares: 64,740,000
• Free Float: 63,367,000
• Market Cap: $1.28 billion
• Optionable: Optionable
• Beta: 2.10