Cars.com Inc. (CARS) Expected to Announce Quarterly Sales of $152.36 Million
Equities analysts expect that Cars.com Inc. (NYSE:CARS) will post $152.36 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Cars.com’s earnings. The lowest sales estimate is $149.30 million and the highest is $154.95 million. Cars.com reported sales of $159.96 million in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 8th.
On average, analysts expect that Cars.com will report full-year sales of $648.81 million for the current year, with estimates ranging from $643.95 million to $656.24 million. For the next year, analysts forecast that the firm will post sales of $700.40 million, with estimates ranging from $689.33 million to $710.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Cars.com.
Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.09). Cars.com had a return on equity of 7.78% and a net margin of 5.86%.
CARS stock traded up $0.15 during mid-day trading on Wednesday, reaching $22.87. 21,336 shares of the company traded hands, compared to its average volume of 1,014,429. Cars.com has a 52-week low of $20.14 and a 52-week high of $32.94. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.56 billion, a PE ratio of 12.55, a PEG ratio of 2.66 and a beta of 1.20.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oberweis Asset Management Inc. raised its position in Cars.com by 4.6% during the 4th quarter. Oberweis Asset Management Inc. now owns 11,300 shares of the company’s stock valued at $243,000 after purchasing an additional 500 shares in the last quarter. Victory Capital Management Inc. grew its stake in Cars.com by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 14,771 shares of the company’s stock valued at $318,000 after purchasing an additional 575 shares during the last quarter. Citigroup Inc. grew its stake in Cars.com by 4.3% during the 4th quarter. Citigroup Inc. now owns 20,871 shares of the company’s stock valued at $448,000 after purchasing an additional 853 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Cars.com by 2.3% in the fourth quarter. Texas Permanent School Fund now owns 41,280 shares of the company’s stock worth $888,000 after buying an additional 914 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Cars.com by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,294 shares of the company’s stock worth $350,000 after buying an additional 963 shares during the last quarter.
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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