Cars.com Inc. (NYSE: CARS) is -39.78% lower on its value in year-to-date trading and has touched a low of $8.75 and a high of $19.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CARS stock was last observed hovering at around $9.74 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $18.00 for the next 12 months. It is also 61.24% off the consensus price target high of $25.00 offered by 6 analysts, but current levels are 19.25% higher than the price target low of $12.00 for the same period.
Currently trading at $9.69, the stock is 0.77% and -2.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.36 million and changing -0.51% at the moment leaves the stock -27.43% off its SMA200. CARS registered -25.92% loss for a year compared to 6-month loss of -40.37%. The firm has a 50-day simple moving average (SMA 50) of $1.88 and a 200-day simple moving average (SMA200) of $8.23.
The stock witnessed a 4.08% gain in the last 1 month and extending the period to 3 months gives it a -23.58%, and is -2.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.50% over the week and 4.08% over the month.
Cars.com Inc. (CARS) has around 1600 employees, a market worth around $664.06M and $628.60M in sales. Current P/E ratio is 103.09 and Fwd P/E is 4.43. Profit margin for the company is 1.10%. Distance from 52-week low is 10.74% and -49.24% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
Cars.com Inc. (CARS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cars.com Inc. (CARS) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.10, where 0 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Cars.com Inc. is expected to release its quarterly report on 11/09/2022.The EPS is expected to grow by 100.90% this year.
Cars.com Inc. (CARS) Top Institutional Holders
The shares outstanding are 69.46M, and float is at 64.36M with Short Float at 4.95%.
Cars.com Inc. (CARS) Insider Activity
A total of 28 insider transactions have happened at Cars.com Inc. (CARS) in the last six months, with sales accounting for 9 and purchases happening 19 times. The most recent transaction is an insider purchase by Tomy Jeanette,the company’sChief Financial Officer. SEC filings show that Tomy Jeanette bought 5,556 shares of the company’s common stock on May 11 at a price of $9.00 per share for a total of $50000.0. Following the purchase, the insider now owns 85419.0 shares.
Cars.com Inc. disclosed in a document filed with the SEC on Mar 07 that Rogers James F (Chief Legal Officer) sold a total of 13,895 shares of the company’s common stock. The trade occurred on Mar 07 and was made at $15.25 per share for $0.21 million. Following the transaction, the insider now directly holds 0.14 million shares of the CARS stock.
Still, SEC filings show that on Mar 04, Rogers James F (Chief Legal Officer) disposed off 5,105 shares at an average price of $15.38 for $78515.0. The insider now directly holds 157,593 shares of Cars.com Inc. (CARS).
Cars.com Inc. (CARS): Who are the competitors?
The company’s main competitors (and peers) include The RealReal Inc. (REAL) that is trading -86.48% down over the past 12 months.