Cars.com (NYSE:CARS) Posts Quarterly Earnings Results, Beats Estimates By $0.78 EPS

Cars.com (NYSE:CARS) released its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.78, Bloomberg Earnings reports. The business had revenue of $102.01 million during the quarter, compared to the consensus estimate of $94.32 million. Cars.com had a negative net margin of 224.10% and a positive return on equity of 11.67%.

Shares of NYSE:CARS traded down $0.20 during trading on Friday, hitting $8.12. 2,358,612 shares of the company’s stock were exchanged, compared to its average volume of 1,205,226. The company has a current ratio of 1.49, a quick ratio of 2.96 and a debt-to-equity ratio of 1.85. Cars.com has a 1-year low of $3.25 and a 1-year high of $19.38. The firm has a 50-day moving average price of $6.13 and a two-hundred day moving average price of $7.22. The firm has a market cap of $542.51 million, a P/E ratio of -0.44 and a beta of 2.01.

Several equities research analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $10.00 target price on shares of Cars.com in a research report on Thursday, July 9th. Craig Hallum cut Cars.com from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research note on Wednesday, May 6th. B. Riley began coverage on Cars.com in a report on Friday, June 19th. They set a “hold” rating and a $7.50 price target on the stock. ValuEngine upgraded Cars.com from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Barrington Research reissued a “buy” rating and set a $16.00 price target on shares of Cars.com in a research note on Monday, July 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cars.com presently has an average rating of “Hold” and a consensus target price of $10.18.

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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