Cars.com (NYSE: CARS) is -3.48% lower on its value in year-to-date trading and has touched a low of $15.05 and a high of $21.24 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 $18.50 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $18.31, the stock is 5.38% and 8.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -1.03% at the moment leaves the stock 2.39% off its SMA200. CARS registered -4.49% loss for a year compared to 6-month loss of -0.87%. The firm has a 50-day simple moving average (SMA 50) of $16.8332 and a 200-day simple moving average (SMA200) of $17.88375.
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The stock witnessed a 17.15% gain in the last 1 month and extending the period to 3 months gives it a 5.96%, and is -3.02% 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 2.19% over the week and 2.87% over the month.
Cars.com (CARS) has around 1700 employees, a market worth around $1.19B and $718.33M in sales. Current P/E ratio is 31.67 and Fwd P/E is 7.85. Profit margin for the company is 5.46%. Distance from 52-week low is 21.66% and -13.79% from its 52-week high. The company has generated returns on investments over the last 12 months (4.06%).
The EPS is expected to shrink by -54.29% this year
292.0 institutions hold shares in Cars.com (CARS), with institutional investors hold 100.54% of the company’s shares. The shares outstanding are 65.93M, and float is at 59.18M with Short Float at 2.78%. Institutions hold 91.74% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.84 million shares valued at $193.85 million. The investor’s holdings represent 14.8374 of the CARS Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 9.74 million shares valued at $191.88 million to account for 14.6866 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 7.08 million shares representing 10.6768 and valued at over $139.49 million, while GREENVALE CAPITAL LLP holds 5.5955 of the shares totaling 3.71 million with a market value of $73.1 million.
Cars.com (CARS) Insider Activity
The most recent transaction is an insider sale by Vetter Thomas Alex, the company’s CEO. SEC filings show that Vetter Thomas Alex sold 17,674 shares of the company’s common stock on Jul 12 ’24 at a price of $19.23 per share for a total of $0.34 million. Following the sale, the insider now owns 0.6 million shares.
Cars.com disclosed in a document filed with the SEC on Jun 14 ’24 that Vetter Thomas Alex (CEO) sold a total of 17,666 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $20.09 per share for $0.35 million. Following the transaction, the insider now directly holds 0.62 million shares of the CARS stock.
Still, SEC filings show that on Jun 05 ’24, WIENER BRYAN (Director) disposed off 10,000 shares at an average price of $20.51 for $0.21 million. The insider now directly holds 62,913 shares of Cars.com (CARS).
