Cars.comCARS
CARS
About: Cars.com Inc is an online destination for buying and selling new and used vehicles. The company brands include Dealer Inspire, DealerRater, FUEL, Accu-Trade, PickupTrucks.com, CreditIQ, and NewCars.com., websites directed towards different consumer segments.
Employees: 1,700
0
Funds holding %
of 6,794 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
5% more call options, than puts
Call options by funds: $1.7M | Put options by funds: $1.63M
1% less funds holding
Funds holding: 209 [Q2] → 207 (-2) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 70
6% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 32
8.26% less ownership
Funds ownership: 96.08% [Q2] → 87.82% (-8.26%) [Q3]
22% less capital invested
Capital invested by funds: $1.25B [Q2] → $971M (-$280M) [Q3]
100% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
6%
upside
Avg. target
$23
24%
upside
High target
$25
33%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Barrington Research Gary Prestopino 73% 1-year accuracy 95 / 131 met price target | 33%upside $25 | Outperform Maintained | 13 Nov 2024 |
UBS Kunal Madhukar 75% 1-year accuracy 3 / 4 met price target | 7%upside $20 | Neutral Maintained | 8 Nov 2024 |
JP Morgan Rajat Gupta 88% 1-year accuracy 22 / 25 met price target | 12%upside $21 | Neutral Maintained | 8 Nov 2024 |
Barrington Research Gary Prestopino 73% 1-year accuracy 95 / 131 met price target | 33%upside $25 | Outperform Maintained | 7 Nov 2024 |
Barrington Research Gary Prestopino 73% 1-year accuracy 95 / 131 met price target | 33%upside $25 | Outperform Maintained | 4 Nov 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
2 weeks ago
Cars.com Contends With Uneven Dealer Demand (Downgrade)
Cars.com recently reported Q3 2024 results, matching revenue estimates but missing earnings projections. Financial trends show slight revenue growth, improved operating income, and strong free cash flow, but gross margins have declined due to higher product and technology expenses. My near-term hold outlook hinges on dealer demand recovery, with potential upside if growth rates improve. But significant recovery may not occur until 2025.
Neutral
Seeking Alpha
4 weeks ago
Cars.com Inc. (CARS) Q3 2024 Earnings Call Transcript
Cars.com Inc. (NYSE:CARS ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer Sonia Jain - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley Tom White - Davidson Zach Walljasper - UBS Gary Prestopino - Barrington Research Marvin Fong - BTIG Operator Good morning, ladies and gentlemen, and welcome to the Cars Third Quarter 2024 Conference Call.
Neutral
Zacks Investment Research
1 month ago
Cars.com (CARS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Cars.com (CARS) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 month ago
Cars.com (CARS) Q3 Earnings Miss Estimates
Cars.com (CARS) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.07 per share a year ago.
Neutral
PRNewsWire
1 month ago
Cars.com Reports Third Quarter 2024 Results
Revenue Grew 3% Year-over-Year, with OEM and National Revenue Achieving 17% Year-over-Year Growth Platform Growth Driven by AccuTrade, D2C Media, and VIN Performance Media Products Generated $123MM of Year-To-Date Net Cash Provided by Operating Activities, up 34% Year-over-Year Repurchased 1.2 Million Shares, Representing 45% of Quarterly Free Cash Flow CHICAGO , Nov. 7, 2024 /PRNewswire/ -- Cars.com Inc . (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the third quarter ended September 30, 2024.
Positive
Zacks Investment Research
1 month ago
Cars.com (CARS) Reports Next Week: Wall Street Expects Earnings Growth
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.
Neutral
PRNewsWire
1 month ago
2024 KIA EV9 AWARDED "TOP PICK: 3-ROW ELECTRIC SUV" BY CARS.COM
- EV9 praised for driving performance, value and capability IRVINE, Calif. , Oct. 25, 2024 /PRNewswire/ -- The all-electric 2024 Kia EV9 has been named Cars.com's "Top Pick: 3-Row Electric SUV.
Neutral
PRNewsWire
1 month ago
CARS to Announce Third Quarter 2024 Financial Results
CHICAGO , Oct. 24, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc " or the "Company"), an audience-driven technology company empowering the automotive industry, today announced that it expects to report its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024. The Company will host a conference call with a live webcast at 8:00 a.m.
Neutral
PRNewsWire
1 month ago
Surplus Inventory Slightly Drives Down New-Car Prices as Used-Car Market Stabilizes, According to Cars Commerce's September Industry Insights Report
The Automotive Market Sees a Shift as Stellantis Brands Cut Prices While Toyota and Honda Face Strong Demand CHICAGO , Oct. 21, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce ."), an audience-driven technology company empowering the automotive industry, outlines shifts in the automotive industry in its September Industry Insights Report.
Neutral
PRNewsWire
2 months ago
Cars Commerce's Industry Insights Report Shows a Stabilizing Market; Ford, Chevrolet and Honda Drive Balanced New-Car Inventory Levels in August
Used-Car Market Levels Out Amid Softening Trade-In Values and Increased Inventory CHICAGO , Sept. 19, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce.
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