Cars.com (CARS) Projected to Post Quarterly Earnings on Thursday

Cars.com (NYSE:CARS) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $184.16 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Cars.com Stock Down 3.1 %

Shares of CARS stock opened at $16.77 on Thursday. The firm has a fifty day moving average of $17.62 and a 200-day moving average of $17.53. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com has a 12-month low of $15.05 and a 12-month high of $21.24. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 28.91 and a beta of 2.15.

Insider Buying and Selling at Cars.com

In other Cars.com news, Director Jill A. Greenthal sold 4,524 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.86, for a total value of $89,846.64. Following the completion of the sale, the director now owns 101,963 shares in the company, valued at $2,024,985.18. This trade represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sonia Jain sold 24,971 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total transaction of $492,927.54. Following the completion of the sale, the chief financial officer now owns 229,229 shares of the company’s stock, valued at approximately $4,524,980.46. This represents a 9.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CARS shares. UBS Group increased their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, January 28th.

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.