Analysts predict that Cars.com Inc. (NYSE:CARS) will post sales of $159.92 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cars.com’s earnings. The highest sales estimate is $162.77 million and the lowest is $157.45 million. Cars.com reported sales of $168.51 million in the same quarter last year, which would suggest a negative year over year growth rate of 5.1%. The firm is expected to issue its next earnings report on Wednesday, August 14th.
On average, analysts expect that Cars.com will report full-year sales of $644.47 million for the current financial year, with estimates ranging from $636.96 million to $653.19 million. For the next year, analysts expect that the firm will report sales of $695.28 million, with estimates ranging from $672.49 million to $724.65 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Cars.com.
Cars.com (NYSE:CARS) last posted its earnings results on Friday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $154.20 million during the quarter, compared to analyst estimates of $152.29 million. Cars.com had a net margin of 4.40% and a return on equity of 7.34%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share.
Shares of Cars.com stock opened at $21.25 on Wednesday. The stock has a market capitalization of $1.37 billion, a PE ratio of 11.68, a PEG ratio of 2.71 and a beta of 0.86. Cars.com has a one year low of $19.05 and a one year high of $32.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.17.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Cars.com in the fourth quarter valued at approximately $20,127,000. Sapience Investments LLC raised its stake in Cars.com by 134.5% in the first quarter. Sapience Investments LLC now owns 1,375,630 shares of the company’s stock valued at $31,364,000 after buying an additional 788,980 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Cars.com by 1,824.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 546,509 shares of the company’s stock valued at $25,000 after buying an additional 518,116 shares during the period. Dimensional Fund Advisors LP raised its stake in Cars.com by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,803,943 shares of the company’s stock valued at $124,785,000 after buying an additional 462,594 shares during the period. Finally, Investec Asset Management LTD raised its stake in Cars.com by 8.1% in the fourth quarter. Investec Asset Management LTD now owns 4,838,793 shares of the company’s stock valued at $104,034,000 after buying an additional 362,503 shares during the period.
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.
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