|Bid||20.01 x 800|
|Ask||20.87 x 1300|
|Day's Range||20.00 - 20.96|
|52 Week Range||19.05 - 30.41|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||47.99|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.31|
Today we'll evaluate Cars.com Inc. (NYSE:CARS) to determine whether it could have potential as an investment idea. To...
shifted into high gear Tuesday, rising 6.1% to $21.08, after Citi upgraded the digital automotive marketplace to buy from neutral. Nicholas Jones left his price target for the Chicago-based company unchanged at $27. Jones said in a note to investors that the stock's current valuation is low even if the probability of an acquisition were excluded.
Investing.com – Cars.com accelerated Tuesday as Citigroup upgraded its rating on the company, citing an attractive valuation.
CHICAGO, June 25, 2019 /PRNewswire/ -- Leading digital automotive marketplace Cars.com (CARS) today released its 2019 American-Made Index (AMI), which ranks the top 15 new vehicles that contribute most to the U.S. economy — based on criteria ranging from manufacturing plants and parts sourcing to factory jobs. As trade tensions reach a fever pitch, buying American is top of mind for many consumers. Take this year's index, where the Jeep Cherokee ranks as the most American-made vehicle of 2019. The Illinois-built SUV comes from Jeep, one of the most iconic American brands, yet it's produced by Italian-American automaker Fiat Chrysler Automobiles.
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
CHICAGO, June 3, 2019 /PRNewswire/ -- Cars.com Inc. (CARS), a leading digital automotive marketplace, today announced that the Board of Directors of the Company has determined to further extend until 5:00 p.m. Central Time on August 6, 2019, the deadline for the proper written notice of the nomination of director candidates to the Company for its 2019 annual meeting of stockholders. Notice of the extension will also be set forth in a Form 8-K to be filed by the Company today. The date and location of the 2019 annual meeting of stockholders of the Company have yet to be established.
Cars.com (NYSE:CARS) unveiled its latest quarterly earnings results, which came in stronger than what analysts called for on the company's revenue mark, playing a role in lifting CARS stock on Friday.The Chicago, Ill.-based business said that for its first quarter of its fiscal 2019, it brought in a loss of $9 million, which was disappointing when considering that the brand brought in a profit during the same period in its fiscal 2019. The company added that this figure tallied up to 13 cents per share, or 31 cents per share when adjusted for one-time gains and costs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCars.com also amassed revenue of $154.2 million during its first three months of its fiscal 2019, which also came in ahead of what the Wall Street consensus estimate called for. Zacks Investment Research compiled a survey of analysts, which included data from three of them, arriving at an earnings consensus guidance of $152.4 million.The company added that during its first quarter, the average number of monthly unique visitors increased 16% when compared to the same period a year ago, reaching $22.4 million. Additionally, Cars.com said that traffic increased by 175 points to 132.5 million visits.Plus, the business reaffirmed the full-year revenue guidance that it had previously shared, which is slated to be somewhere in the range of $628 million to $675 million. Wall Street sees this figure as being about $649 million.CARS stock is up roughly 6% on Friday following the company's strong quarterly earnings showing. More From InvestorPlace * 10 Great Stocks to Buy on Dips * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Cloud Stocks to Buy on Overcast Days Compare Brokers The post Cars.com Earnings: CARS Stock Revs Higher on Q1 Beat appeared first on InvestorPlace.
Cars.com (CARS) delivered earnings and revenue surprises of -3.12% and 1.21%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Chicago-based company said it had a loss of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share. The online automotive marketplace posted revenue of $154.2 ...
Strong Organic Traffic Growth Accelerating into Q2 Leading to All Time High Brand Awareness Improving Dealer Sales and Retention; Solutions Strategy Driving Strength in ARPD Strong Cash Generation Strategic ...
CHICAGO, May 6, 2019 /PRNewswire/ -- Cars.com Inc. (CARS) ("Cars.com" or the "Company"), a leading digital automotive marketplace, today announced that the Board of Directors of the Company has determined to further extend until 5:00 p.m. Central Time on June 5, 2019, the deadline for the proper written notice of the nomination of director candidates to the Company for its 2019 annual meeting of stockholders. Notice of the extension will also be set forth in a Form 8-K to be filed by the Company today. The date and location of the 2019 annual meeting of stockholders of the Company have yet to be established.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth […]
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Cars.com Inc.'s (NYSE:CARS) latest earnings announcement in December 2018 revealed...
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.
CHICAGO, April 23, 2019 /PRNewswire/ -- Leading digital automotive marketplace Cars.com (CARS) today announced a partnership that will help drive awareness of the Tragedy Assistance Program for Survivors (TAPS), an organization that helps families grieving a military loss. CARS is committing up to $1 million of media on its website to TAPS with the help of its dealer and automaker partners. Through Memorial Day, for every new or upgraded digital solutions service from Cars.com, Dealer Inspire or DealerRater, CARS will match the first month's investment with the equivalent in media value for TAPS, helping spread the word about its great work to attract volunteers and donors nationwide. In addition, car shoppers can donate directly to TAPS on Cars.com.
While Car Shoppers Cite Range Anxiety, Battery Life and Price as Top Concerns for Electric Vehicle Ownership; Cars.com Research Reveals 95% of Current Owners Would Buy Again CHICAGO , April 18, 2019 /PRNewswire/ ...
Cars.com (NYSE:CARS) has a two-front marketing model. They need to market to the auto dealerships and consumers alike. Usually that's not an ideal situation, but in this case it works out well for the company. Both of its marketing targets need the services that the company provides.Source: Shutterstock Auto dealers are slaves to their advertising. The clock starts ticking on every car as soon as its wheels hit their lot. The longer a vehicle sits at the dealership the higher the degree its margin drops. So they overspend on marketing to maintain their foot onto their lots.On the other side of the equation, we have the consumers, and we all know how we we love our cars. And with the cheap money that is available right now, almost everybody with a job can afford a car they want.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, our fascination with cars and our means will keep the demand high for services like this for years to come. Evidence of this is the popularity of similar companies that serve the same market. Carvana (NYSE:CVNA) stock is up 79% year to date. CARS Stock Is In a Good SpotThis environment is not likely to change so the opportunity for CARS stock should also remain favorable for more upside. The U.S. Federal Reserve and the rest of the central banks globally are committed to keeping rates low for an extended period of time. Therefore cheap money will remain available. And for as long as the job market is as hot as it is right now, the car market will continue to thrive. * 7 High-Risk Stocks With Big Potential Rewards In addition, the company will continue to benefit from the electronic trend that is sweeping the world. We have committed to making every transaction in our lives electronic. The days of doing the research on foot are gone, and this is especially true for the automotive industry.By the time we visit the dealership, we can already know all the features of the car we like and have a ton of reviews and rankings. We can even know the average price in a certain zip codes and the inventory that is available there. This is valuable to consumers and will remain an asset to the company.So the field is set for the company, and it comes down to management's execution. The company has been public for about two years and it's not great that cars.com stock is down 15%. Sure, it has had its glory days, but since the high the stock set in July of 2018, it has been sliding inside of a descending channel four months.Granted, last year was exceptionally sour for stocks in general as sentiment on Wall Street was terrible into the end of the year. But since then, this situation has flipped 180 degrees yet CARS still lags the S&P 500 by half. Clearly investors are not trusting of its ownership.However, there is recent good news from the technical perspective, and therein lies the closest opportunity.For the past 12 months, cars.com stock is down 20% while the S&P is up 10%. But there could be light at the end of the tunnel. Yes, it is still lagging the indices, but it is making positive strides. The range in which the stock has been trading is tightening drastically and coming to a point.This usually builds up energy in the stock chart that needs to release itself in a big move. The direction of the move, however, is still unknown. But the body language of the chart is positive because it has been setting higher lows since the December bottom.Catching falling knives like this is dangerous. However CARS stock is showing signs of a bottoming process. If the bulls can close above $24 per share in the next couple of weeks, they could invite momentum buyers. From there, they would have the opportunity to challenge $25.50 per share which was the most important pivotal area in a year.It won't be easy since these are zones where both bulls and bears agree on the price so they will fight it out hard thereby creating resistance on the way up. But if the bulls can prevail then they can overshoot and perhaps even attempt to recover January high.Fundamentally, the stock is not cheap as it sells at 42 trailing price to earnings ratio. However it's not extravagant when you consider the value of the company itself and its price to sales ratio of 2.3. So it sounds like management can improve its income statement just by controlling spending if they need to.But then again the point of this write-up is technical, and knowing that there is value below to support the thesis is a good thing. I know that I'm not buying into a massive bubble that's about to burst. Therefore it is an opportunity worth investigating.So if I already own shares of CARS for the long term I'd hold them. Else the stock could be ready to pop if it triggers off $23.60 and then above $24.40 per share. And if the stock market in general continues to rally as it has been, CARS would have added wind in its sails.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Cars.com Stock Is Lagging, But There Is Hope Ahead appeared first on InvestorPlace.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. But if you...