CARS - Cars.com Inc.

NYSE - NYSE Delayed Price. Currency in USD
6.17
+0.13 (+2.15%)
At close: 4:00PM EDT
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Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close6.04
Open6.06
Bid6.18 x 1000
Ask6.19 x 900
Day's Range5.92 - 6.22
52 Week Range3.25 - 22.25
Volume999,128
Avg. Volume2,238,531
Market Cap414.283M
Beta (5Y Monthly)1.96
PE Ratio (TTM)N/A
EPS (TTM)-18.31
Earnings DateAug 03, 2020 - Aug 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est9.75
  • Cars.com Reports the Top 10 Memorial Day Car Deals for Americans Ready to Buy This Weekend
    PR Newswire

    Cars.com Reports the Top 10 Memorial Day Car Deals for Americans Ready to Buy This Weekend

    According to recent research by Cars.com (NYSE: CARS), a leading digital automotive marketplace and solutions provider, 33% of in-market car shoppers are ready to take advantage of the deep discounts being offered by automakers and dealerships nationwide this weekend.¹

  • Cars.com Research Finds 1 in 3 Shoppers Plan to Buy this Memorial Day Weekend, and 75% of Those Traveling Plan to take Road Trips
    PR Newswire

    Cars.com Research Finds 1 in 3 Shoppers Plan to Buy this Memorial Day Weekend, and 75% of Those Traveling Plan to take Road Trips

    Digital automotive marketplace and solutions provider Cars.com (NYSE: CARS) today revealed its latest research that found while 64% of Americans will not travel this Memorial Day weekend due to COVID-19, 36% still plan to take a trip. Of those planning to travel, 75% will do so by car, taking a short road trip closer to home, likely to abide by local safety guidelines. Cars.com's research also found virus concerns, along with deep discounts on cars, are motivating 33% of in-market Americans to buy a car this holiday weekend — sooner than originally planned.1

  • Why American Axle, Tenneco, and Cars.com Stocks are Soaring by Double Digits
    Motley Fool

    Why American Axle, Tenneco, and Cars.com Stocks are Soaring by Double Digits

    These auto stocks are in high gear Friday after giving investors a glimmer of hope during the first quarter.

  • Cars.com (CARS) Upgraded to Buy: Here's What You Should Know
    Zacks

    Cars.com (CARS) Upgraded to Buy: Here's What You Should Know

    Cars.com (CARS) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Is Cars.com (CARS) Stock Undervalued Right Now?
    Zacks

    Is Cars.com (CARS) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Cars.com Soars 34% After Strong Earnings Beat
    Motley Fool

    Cars.com Soars 34% After Strong Earnings Beat

    Shares of Cars.com (NYSE: CARS), a digital marketplace connecting buyers and sellers in the automotive industry, are soaring 34% after the company crushed first-quarter earnings estimates. The Motley Fool has a disclosure policy.

  • Cars.com (CARS) Q1 Earnings and Revenues Beat Estimates
    Zacks

    Cars.com (CARS) Q1 Earnings and Revenues Beat Estimates

    Cars.com (CARS) delivered earnings and revenue surprises of 45.45% and 4.96%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • CARS Reports First Quarter 2020 Results
    PR Newswire

    CARS Reports First Quarter 2020 Results

    Cars.com Inc. (NYSE: CARS) ("Cars.com" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended March 31, 2020. The Company will report first-quarter operational and financial results and provide context around the impact of the restrictions imposed as a result of the COVID-19 pandemic.

  • Analysts Estimate Cars.com (CARS) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Cars.com (CARS) to Report a Decline in Earnings: What to Look Out for

    Cars.com (CARS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Cars Announces Format Change to Its 2020 Annual Meeting of Stockholders
    PR Newswire

    Cars Announces Format Change to Its 2020 Annual Meeting of Stockholders

    Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today announced that due to the ongoing public health impact of the coronavirus pandemic and to support the health and well-being of stockholders, employees, directors, and communities, the CARS 2020 Annual Meeting of Stockholders (the "Annual Meeting") will be held in a virtual meeting format only, via live audio webcast at its previously announced date and time of May 14, 2020 at 9:00 a.m. Central time. Stockholders will not be able to attend the Annual Meeting in person. However, stockholders of record as of the close of business on March 16, 2020 will be able to vote and ask questions during the meeting through the online platform.

  • CARS to Announce First Quarter 2020 Financial Results
    PR Newswire

    CARS to Announce First Quarter 2020 Financial Results

    Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today announced that it expects to report its financial results for the first quarter ended on March 31, 2020 on Wednesday, May 6, 2020. The Company will host a conference call with a live webcast at 9:00 a.m. CDT/10:00 a.m. EDT on the same day to discuss the results.

  • Americans Revive the Sunday Drive and Use Their Cars as Much-Needed Escape During the COVID-19 Pandemic, According to New Research by Cars.com
    PR Newswire

    Americans Revive the Sunday Drive and Use Their Cars as Much-Needed Escape During the COVID-19 Pandemic, According to New Research by Cars.com

    Amid stay-at-home orders nationwide, Cars.com™ (NYSE: CARS) announced today new insights from its research to understand the ways American drivers are using their cars. Just about everyone has encountered new challenges, and research reinforces that our cars represent safety, freedom, and even escape.

  • Should Value Investors Buy Cars.com (CARS) Stock?
    Zacks

    Should Value Investors Buy Cars.com (CARS) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Cars.com Tracks Impact of COVID-19 on U.S. Auto Industry: Car Buyers Are Embracing More Online Shopping Activities and Increasingly Putting the Brakes on Ride Sharing, Dealers Are Willing to Meet Car Buyer Needs Virtually
    PR Newswire

    Cars.com Tracks Impact of COVID-19 on U.S. Auto Industry: Car Buyers Are Embracing More Online Shopping Activities and Increasingly Putting the Brakes on Ride Sharing, Dealers Are Willing to Meet Car Buyer Needs Virtually

    Leading automotive digital solutions provider CARS Inc. (NYSE: CARS) announced today new insights from its research to determine the impact of COVID-19 on the U.S. automotive industry. The company found that while many dealerships are experiencing historically low foot traffic and many have closed showrooms completely, tens of millions of people are still actively engaged in car purchases online. Data demonstrates that nearly 80 percent of Cars.com's visitors are searching and viewing inventory with high intent to purchase1. However, these car shoppers are looking for alternative ways to connect with local dealerships in the current environment as America observes restrictions in order to contain the coronavirus pandemic.

  • CARS Provides Financial Relief and Expands Digital Solutions to Support Dealer Customer Needs During COVID-19
    PR Newswire

    CARS Provides Financial Relief and Expands Digital Solutions to Support Dealer Customer Needs During COVID-19

    Cars.com Inc. (NYSE: CARS) ("CARS"), a leading digital marketplace and solutions provider for the automotive industry, announced today its response in support of dealers during the COVID-19 pandemic.

  • Cars.com Enters Oversold Territory
    Zacks

    Cars.com Enters Oversold Territory

    Cars.com has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

  • Are Investors Undervaluing Cars.com (CARS) Right Now?
    Zacks

    Are Investors Undervaluing Cars.com (CARS) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • T. Vetter Is The Co-Founder of Cars.com Inc. (NYSE:CARS) And They Just Spent US$96k On Shares
    Simply Wall St.

    T. Vetter Is The Co-Founder of Cars.com Inc. (NYSE:CARS) And They Just Spent US$96k On Shares

    Whilst it may not be a huge deal, we thought it was good to see that the Cars.com Inc. (NYSE:CARS) Co-Founder, T...

  • Analysts Make a Move on These 3 Stocks as the Markets Continue to Flip-Flop
    TipRanks

    Analysts Make a Move on These 3 Stocks as the Markets Continue to Flip-Flop

    The suspense is over, and now we all know: COVID-19 has hit the markets like a ton of bricks. After a 8% drop in the last week of February, and enormous volatility to start the month of March, the S&P 500 is down 15% year-to-date.The sudden collapse in stocks comes as oil prices are also plummeting. The sudden fall in oil is hitting energy companies – oil drillers, refiners, and midstreamers – particularly hard, at a time when the sector had already been dealing with low prices. Yesterday was the worst day for oil prices since 1991.While the coronavirus is getting the attention, the immediate cause of the oil collapse was a sudden price war between Russia and Saudi Arabia. Both producers were reeling from the virus’s general impact on the markets, and consequent poor demand for oil; Saudi Arabia led OPEC in a move to cut back output and provide price support, but Russia refused to cooperate and tried to move in on Saudi market share. The Saudis responded by slashing prices – and then the bottom fell out. And now there’s a smell of panic on the trading floors, for both commodities and stocks.But just because the markets sliding hard into correction territory doesn’t mean that there aren’t compelling stock buys out there. After all, the adage is, ‘Buy low, sell high.’ Prices are low right now. We’ve pulled three stocks from the TipRanks database that Wall Street’s analysts are recommending for investors. All have received ratings upgrades, and show upwards of 35% growth potential in the coming months. Let’s take a closer look.Cars.com, Inc. (CARS)Our first stock is a proven survivor – Cars.com was founded back in 1998, and survived the crash of the original dot.com bubble. Today, the company is worth nearly $450 million and is the internet’s second-largest automotive classified ad section.Cars had a rough year in 2019. The stock cratered after a dismal Q2 report, but had begun to recover by year’s end, supported by forecast-beating earnings in both Q3 and Q4. The Q4 results were especially strong, with EPS coming in at 60 cents, 114% higher than expectations. Unfortunately, the coronavirus crash brought the 2H19 momentum to an end, erasing the gains the stock had made.Nevertheless, Cars.com has strengths to recommend it for the long haul. BTIG analyst Marvin Fong points them out, writing, “We believe Cars.com is in the midst of a turnaround that appears to be gaining measured traction and valuation is overly punitive. We expect CARS will deliver significant margin improvement in the back-half of 2020 as one-time costs roll-off and new products begin generating more meaningful revenue… We believe even if the economy experiences a significant downturn, valuation is attractive.”Fong puts a $10 price target on Cars.com, implying a 12-month upside potential of 53%. In line with this, he has upgraded his rating from Neutral to Buy. (To watch Fong’s track record, click here)Overall, CARS shares have 6 Buys and 1 Hold, making the analyst consensus rating a Strong Buy. Shares are deeply discounted, at $6.47, and the average price target of $12.29 suggests a robust upside potential of 90% (See Cars.com’s stock analysis at TipRanks)Logitech International (LOGI)Swiss-based Logitech is a major manufacturer and distributor of home computer and mobile peripheral hardware. The company’s products include keyboards and mouse pointers, webcams, microphones and headsets, and more.Logitech entered calendar year 2020 after a solid fiscal Q3. EPS beat the forecast, coming in at 78 cents compared to 77 expected. At $903 million, revenues edged over the estimates and were up 4% year-over-year. And better yet, LOGI finished 2019 with $656 million cash on hand, up 14% yoy, and with $181 million in quarterly operating cash flow, up 70% sequentially.Strong performance in an adverse market environment will always attract attention, and Wedbush’s Michael Pachter was drawn to Logitech. He sees room here for a 25% upside, as indicated by his $48 price target, and bumped his rating from Neutral to Buy.Supporting his bullishness on LOGI, Pachter writes, “We expect Logitech’s global portfolio of mature businesses coupled with compelling growth stories to not only weather the current market disruption, but thrive within the uncertain environment. We think Logitech’s ability to expand operating margin while mitigating the impact of China tariffs and supply chain disruption underscores management’s agility. Furthermore, we think Logitech is well-positioned to benefit from a shifting culture amid health concerns globally.” (To watch Pachter’s track record, click here.)Logitech’s Moderate Buy consensus rating is based on 5 Buys, 2 Holds, and 1 Sell assigned to the stock in recent weeks. The average price target, $51.03, suggests room for 36% upside potential. (See Logitech stock analysis on TipRanks)Phillips 66 (PSX)Last on our list is a mainstay of the energy industry. Phillips 66 is the modern descendant of the Phillips Petroleum Company, founded in 1927. The modern company is a major producer of natural gas liquids and petrochemicals. Phillips brings in over $120 billion in annual revenues – at least, before the current oil-driven hit to the stock markets.Fortunately for Phillips, the company was performing adequately before the market downturn. In Q4, earnings edged over the estimates and reached $1.54 per share. Quarterly revenues beat the forecast by 8.5%, coming in at $29.6 billion. Both numbers were down year-over-year; the low prices that have plagued the energy industry in recent months (even before today’s debacle) have been the main headwind here.The company has used its positive earnings to keep up its dividend payments. PSX paid out a 90-cent dividend in February, making the annualized payment $3.60 per share for a yield of 5.8%. That yield is almost triple the average dividend yield among energy stocks – and almost 6x the yield of Treasury bonds. Phillips has an 8-history of maintaining and growing its dividend payments.Manav Gupta, reviewing the energy sector for Credit Suisse, is impressed by PSX’s dividend – and its firm position in its field. He upgraded his outlook from Neutral to Buy, and gave the stock a $100 price target, showing his confidence in a 61% upside potential.In his note on energy stocks, Gupta wrote of Phillips, “PSX, with the most diversified earnings stream, we believe is among the best positioned refiners to weather the current macro volatility. We expect an 8-10% dividend hike in 2Q 2020... In the last five years, PSXP has outperformed MPLX by 47%, as the market views PSX’s midstream business model as superior.” (To watch Gupta’s track record, click here.)PSX shares get a Moderate Buy from the analyst consensus, based on 6 Buys against 3 Holds. Shares are currently selling for $62.09, and the average price target of $111.88 indicates a robust 80% upside potential. (See Phillips stock analysis on TipRanks)

  • Let Down, But Not Out: Cars.com Research Reveals Millennials Still Upbeat Towards the Auto Industry, Even Without Flying Cars
    PR Newswire

    Let Down, But Not Out: Cars.com Research Reveals Millennials Still Upbeat Towards the Auto Industry, Even Without Flying Cars

    According to new research by Cars.com™ (NYSE: CARS), millennials' expectations of vehicle ownership and the automotive industry at large are unmet in the year 2020. The generation born between 1981-96 expressed their appreciation for car ownership but dissatisfaction with technological advancement in the space.

  • 6 Underperforming Guru Stocks
    GuruFocus.com

    6 Underperforming Guru Stocks

    Comcast makes the list Continue reading...

  • All You Need to Know About Cars.com (CARS) Rating Upgrade to Buy
    Zacks

    All You Need to Know About Cars.com (CARS) Rating Upgrade to Buy

    Cars.com (CARS) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Cars.com Inc. Just Reported Earnings, And Analysts Cut Their Target Price
    Simply Wall St.

    Cars.com Inc. Just Reported Earnings, And Analysts Cut Their Target Price

    There's been a major selloff in Cars.com Inc. (NYSE:CARS) shares in the week since it released its annual report, with...

  • These 3 Internet Stocks Are a Buy Ahead of Earnings, Says Top Analyst
    TipRanks

    These 3 Internet Stocks Are a Buy Ahead of Earnings, Says Top Analyst

    It’s been 20 years since the famous dot.com bubble burst, and during that time the internet economy has matured. Dot.coms are still with us, but in a more stable form, and some of the early online pioneers have grown into today’s corporate giants (think Amazon).With money to be made on the internet, we need to track it. B. Riley FBR analyst Lee Krowl makes it easy with a detailed report on three internet companies reporting earnings tomorrow. Krowl rates 5 stars in the TipRanks database, and stands in the top 5% of Wall Street’s analyst corps.We’ve pulled up Krowl’s internet calls, and looked at them through the lens of the Stock Comparison tool:The results are interesting. Krowl’s subjects span a range of sizes and subjects, and they’ve shown a variety of chart behaviors in recent months, but he sees reason for optimism in each of them – and takes care to bring them to our attention before the earnings releases. Let's take a closer look.Cars.com, Inc. (CARS)The first of two automotive-related internet stocks we’re looking at today is Cars.com, one of the web’s premier sites for buying and selling cars. The company was founded in 1998 and is a survivor of the original dot.com era. Today it holds a market cap of $767 million and is the second largest automotive classified ad site online.The company’s profitability is clear from the most recent quarterly report. CARS reported, for Q3 2019, an EPS of 32 cents, beating the forecast by 10%. Revenue beat more modestly, by 2%, and came in at $152.09 million. While both numbers were over the estimates, both were also down year-over-year.Shares in CARS have traded mostly flat since reporting the Q3 numbers, which was seen as a turn for the better. The stock has dropped sharply when the company reported a steep miss in the Q2 results, losing 44% last August. It still has not recouped that loss, but the third quarter staunched the damage. Looking ahead, CARS is expected to show a 28-cent EPS in tomorrow’s report.The company is expected to report revenue in line with the consensus guidelines tomorrow. In addition to earnings, Wall Street is also looking for CARS to address upper management churn. Cars.com lost its top financial executive, Becky Sheehan, when she announced her resignation in mid-December. Her departure contributed to the stock’s volatility in recent weeks.Krowl writes, looking at CARS’ upcoming conference call, “…the company indicated that it expects about $50M in incremental FCF in 2H20 due to the roll off of Wholesale revenue agreements with publishers. On the call, we look to a time line for appointing a permanent CFO, as, in our view, the capital structure optimization and shareholder return plan will start to become a core pillar of the thesis, starting in 2020, as FCF stabilizes and begins to grow.”Even with all of the uncertainty here, Krowl is upbeat on CARS’ prospects. He rates the stock a Buy, and gives it an $18 price target, suggesting an impressive upside potential of 70%. (To watch Krowl’s track record, click here)Overall, both of CARS’ most recent analyst reviews are Buy-side, giving the stock a Moderate Buy from the analyst consensus. Shares sell for $10.58, and the average price target is slightly more aggressive than Krowl’s. At $19, it implies strong upside growth of 80% in coming months. (See Cars.com’s stock analysis at TipRanks)Carvana Company (CVNA)Next up is another online car marketplace, this one more than an order of magnitude bigger with a market cap of $15.9 billion. Carvana brought a unique twist to purchasing used cars online, by allowing purchaser a choice – have their car delivered, or pick it up from one of Carvana’s vending machines. The company operates a chain of 23 semi-automated storage units around the US, which act as pick-up locations for car purchases from the site. Customers can test drive vehicles, and all cars have a 7-day return policy.Carvana showed a serious net loss in Q3, reporting a negative EPS of 56 cents. This badly missed the expectation of a 39-cent loss, and was down year-over-year. It was the eighth quarter in a row that CVNA reported worse losses than expected. At the same time, revenues were reported higher than forecast, at $1.09 billion, and up over 103% from the year before. Investors were more impressed by the revenue gain – CVNA shares have gained 35% since reported the Q3 numbers. For the fourth quarter, the common wisdom expects to see a 65 cent EPS loss in tomorrow’s earnings forecast.As noted, shares in CVNA are up, and the most recent gains simply cap a long, successful, run. Carvana stock has been trading since April 2017, and in that time has risen from $11.10 to the current price of $104.07, for an appreciation of 837%. Few stocks can match that sort of growth.B Riley’s Krowl is clearly upbeat on CVNA, and he writes of the stock, looking forward, “We believe the key factors for FY20 will be increasing penetration of market cohorts, along with the process improvements and increases in capacity tied to the push for a higher mix of consumer-sourced units, which will be key to driving GPU improvement throughout the year. Furthermore, we anticipate that the company opens another 40 markets in 2020, with 15 added in mostly secondary markets in 1Q to date.”Krowl gives CVNA a Buy rating, and bumped his price target from $91 to $125. His new target implies an upside of 20%. (To watch Krowl’s track record, click here)CVNA's Moderate Buy consensus rating is based on a mix of reviews, including 7 Buys, 3 Holds, and 1 Sell. As noted, the stock price has run up steeply recently, and the recent gains have pushed it to the current average price target. (See Carvana stock analysis at TipRanks)Rubicon Project (RUBI)Last on our list is a tech firm, specializing in online advertising. Rubicon offers customers an automation platform, allowing customers and publishers to streamline their online advertising transactions. The LA-based company went public in 2014.Rubicon lives in a competitive niche, and the stock bottomed out in early 2018. It has been gaining ground since then, at a faster pace recently. In the quarters since, RUBI has consistently beaten the earnings forecasts. In the coming report, the company is expected to show a 5-cent positive EPS.A look back at the third quarter figures may be useful. Earnings then were 66% better than expected, showing a small 2-cent per share loss compared to the 6-cents expected. This was based on revenue of $37.64 million, which missed the estimate by 2.9% -- but was up 26% year-over-year. Shares in RUBI more than doubled in 2019, gaining 118% for the year. They are up 42% so far in 2020.All of this has Krowl optimistic in his note on Rubicon. He sees a clear path forward, and writes, “We note that the industry is likely to see a growing shift from desktop to mobile in 2020, as targeting is more robust on mobile due to the lack of reliance on third-party cookies, which are being phased out completely by most major browsers. On the call, we look to management's commentary around the trajectory of the company's consolidated pre-bid solution, Demand Manager, expected to ramp throughout 2020 and position the company for incremental ad spend take-rate gains.”Krowl gives RUBI shares a Buy rating. His $13 price target suggests an upside of 12%. (To watch Krowl’s track record, click here)Overall, RUBI’s Strong Buy consensus rating comes from 3 recent Buys. However, he stock’s $12 average price target implies a modest upside from the current trading price of $11.64. (See Rubicon’s stock analysis at TipRanks)

  • CARS to Announce Fourth Quarter and Full Year 2019 Financial Results
    PR Newswire

    CARS to Announce Fourth Quarter and Full Year 2019 Financial Results

    Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today announced that it expects to report its financial results for the fourth quarter and full year ended December 31, 2019 on Wednesday, February 26, 2020. The Company will host a conference call with a live webcast at 9:00 a.m. CST/10:00 a.m. EST on the same day to discuss the results.