$166.49 Million in Sales Expected for Cars.com Inc. (CARS) This Quarter
Equities research analysts expect Cars.com Inc. (NYSE:CARS) to report sales of $166.49 million for the current quarter, according to Zacks. Three analysts have issued estimates for Cars.com’s earnings, with estimates ranging from $165.45 million to $167.88 million. Cars.com reported sales of $156.57 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is expected to report its next quarterly earnings report on Tuesday, March 5th.
On average, analysts expect that Cars.com will report full year sales of $664.27 million for the current fiscal year, with estimates ranging from $663.23 million to $665.66 million. For the next year, analysts expect that the firm will report sales of $700.62 million, with estimates ranging from $680.02 million to $722.96 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Cars.com.
Cars.com (NYSE:CARS) last issued its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The business had revenue of $169.30 million during the quarter, compared to the consensus estimate of $168.04 million. Cars.com had a return on equity of 7.77% and a net margin of 27.69%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its stake in shares of Cars.com by 49.2% during the third quarter. Brown Brothers Harriman & Co. now owns 8,043 shares of the company’s stock valued at $222,000 after acquiring an additional 2,653 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Cars.com by 10.2% during the third quarter. MetLife Investment Advisors LLC now owns 87,050 shares of the company’s stock valued at $2,403,000 after acquiring an additional 8,075 shares during the period. Putnam Investments LLC acquired a new position in shares of Cars.com during the third quarter valued at approximately $1,972,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Cars.com during the third quarter valued at approximately $9,649,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Cars.com during the third quarter valued at approximately $296,000.
CARS opened at $26.14 on Friday. The company has a market cap of $1.76 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.58 and a beta of 0.22. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Cars.com has a twelve month low of $23.44 and a twelve month high of $32.94.
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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