Wall Street brokerages predict that Cars.com Inc. (NYSE:CARS) will post sales of $168.13 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cars.com’s earnings, with the lowest sales estimate coming in at $166.90 million and the highest estimate coming in at $169.84 million. Cars.com reported sales of $159.90 million in the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The firm is scheduled to announce its next earnings results on Wednesday, November 14th.

On average, analysts expect that Cars.com will report full year sales of $665.23 million for the current year, with estimates ranging from $663.20 million to $668.96 million. For the next financial year, analysts anticipate that the business will post sales of $706.51 million, with estimates ranging from $687.18 million to $727.70 million. Zacks’ sales averages are an average based on a survey of analysts that follow Cars.com.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.39). Cars.com had a return on equity of 7.78% and a net margin of 28.90%. The business had revenue of $168.50 million for the quarter, compared to analysts’ expectations of $171.75 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis.

A number of equities analysts have commented on CARS shares. ValuEngine lowered shares of Cars.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Zacks Investment Research lowered shares of Cars.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Barrington Research reiterated a “buy” rating on shares of Cars.com in a report on Monday, August 6th. Finally, Benchmark reiterated a “hold” rating on shares of Cars.com in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $37.13.

CARS stock traded up $0.60 during trading on Friday, reaching $25.50. The stock had a trading volume of 694,077 shares, compared to its average volume of 1,086,169. Cars.com has a 1-year low of $20.94 and a 1-year high of $32.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $1.93 billion, a P/E ratio of 11.18, a P/E/G ratio of 2.77 and a beta of -0.20.

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in shares of Cars.com by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,001,230 shares of the company’s stock valued at $28,426,000 after purchasing an additional 84,507 shares in the last quarter. AMG Funds LLC raised its stake in shares of Cars.com by 9.3% in the 2nd quarter. AMG Funds LLC now owns 57,179 shares of the company’s stock valued at $1,623,000 after purchasing an additional 4,846 shares in the last quarter. Pelorus Jack Capital L.P. acquired a new stake in shares of Cars.com in the 1st quarter valued at about $6,134,000. Natixis Advisors L.P. raised its stake in shares of Cars.com by 256.8% in the 1st quarter. Natixis Advisors L.P. now owns 43,386 shares of the company’s stock valued at $1,229,000 after purchasing an additional 31,226 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Cars.com in the 1st quarter valued at about $484,000.

Cars.com Company Profile

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 and Estimates for Cars.com (NYSE:CARS)

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