Cars.com (NYSE:CARS) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Cars.com (NYSE:CARS) issued its quarterly earnings results on Wednesday. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06, Briefing.com reports. The business had revenue of $152.10 million during the quarter, compared to the consensus estimate of $150.23 million. Cars.com had a net margin of 1.59% and a return on equity of 6.51%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS.

Cars.com stock traded up $0.60 during trading hours on Thursday, hitting $12.74. The company had a trading volume of 2,038,200 shares, compared to its average volume of 1,340,862. The firm has a market capitalization of $803.47 million, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s fifty day moving average is $10.27 and its 200-day moving average is $15.71. Cars.com has a fifty-two week low of $8.23 and a fifty-two week high of $28.50.

In related news, Director Jr. Donald A. Mcgovern acquired 10,448 shares of the company’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $9.16 per share, for a total transaction of $95,703.68. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas Alex Vetter acquired 11,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $9.58 per share, for a total transaction of $105,380.00. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on CARS. Zacks Investment Research upgraded shares of Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 8th. BTIG Research downgraded shares of Cars.com from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. B. Riley set a $18.00 price target on shares of Cars.com and gave the company a “buy” rating in a research report on Friday, September 13th. Craig Hallum upgraded shares of Cars.com from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Monday, September 16th. They noted that the move was a valuation call. Finally, Barrington Research upgraded shares of Cars.com from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.31.

About Cars.com

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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Earnings History for Cars.com (NYSE:CARS)

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