|Bid||20.98 x 800|
|Ask||21.00 x 1100|
|Day's Range||20.82 - 21.74|
|52 Week Range||19.74 - 32.94|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||38.11|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.19|
CHICAGO, April 17, 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 May 15, 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) 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.
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Cars.com (CARS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
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CHICAGO, Feb. 6, 2019 /PRNewswire/ -- Leading automotive digital marketplace Cars.com (CARS) has announced the winners of its 10th annual Best of Awards. The highly sought-after awards by both automakers and car shoppers include Best of 2019, Best Pickup Truck of 2019, Most Fun-to-Drive Car of the Year, Family Car of the Year and Luxury Car of the Year. The highest honor, Best of 2019, went to the Genesis G70.
CHICAGO, Feb. 4, 2019 /PRNewswire/ -- The Big Game was not only a fierce competition between the top two professional football teams, it was also a battleground for the five automakers that ran a combined six commercials during the game on Sunday, tallying six minutes and 30 seconds in total airtime. Leading automotive digital marketplace Cars.com™ (CARS) analyzed site traffic throughout the evening to determine which auto ads generated the greatest amount of online car-shopping activity during game time. The results show a 384 percent combined lift in traffic to the automakers' brand pages on Cars.com that advertised during the game.
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CHICAGO, Jan. 25, 2019 /PRNewswire/ -- Leading automotive digital solutions provider Cars.com™ (CARS) received a "Top Rated" Award in the ninth annual DrivingSales Dealer Satisfaction Awards. The company earned a top dealer satisfaction ranking in the "New Car Leads" category, as determined by the thousands of auto dealers who are part of the DrivingSales.com community. The award will be presented at a special event today in conjunction with the 2019 National Automobile Dealers Association (NADA) Convention & Expo.
NAPERVILLE, Ill., Jan. 24, 2019 /PRNewswire/ -- Dealer Inspire (DI), a Cars.com (CARS) company that provides disruptive technology and digital marketing solutions to the automotive industry, today announced a new omnichannel digital retailing product debuting at the 2019 National Automobile Dealers Association Show (NADA) January 25-27 in San Francisco. The leading automotive technology and digital marketing provider is launching the newest version of Online Shopper™ called Online Shopper: Electric to modernize the entire dealership experience by connecting digital retailing to the showroom floor.