Investors might want to bet on Cars.com (CARS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often ...

Shares of Cars.com (CARS) have gained 9.5% over the past four weeks to close the last trading session at $18.49, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $24.42 indicates a potential upside of 32.1%. The mean estimate comprises six short-term price targets with a standard deviation of $2.33. While the lowest estimate of $20 indicates an 8.2% increase from the current pric ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms o ...

Gradual improvement in new inventory and consumer demand: The average new-car price remains stable at approximately $49,111, down slightly by 1.5% year over year — although prices are higher than before the semiconductor shortage, there's a notable effort by automakers to introduce more vehicles priced under $30,000, which have seen the most market share growth so far in 2024. As new-car inventory levels increase by 35% compared to 2023, consumers are experiencing fewer pressures to compromise on their vehi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 b For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37869 Cars.com Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No ...

Cars.com Inc. (NYSE:CARS) Q1 2024 Earnings Conference Call May 10, 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 Rajat Gupta - JPMorgan Tom White - Davidson Naved Khan - B. Riley Securities Gary Prestopino - Barrington Research Doug Arthur - Huber Research Marvin Fong - BTIG Operator Good morning, ladies and gentlemen and welcome to the Cars.com First Quarter 202 ...

Cars.com (CARS) reported $180.18 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 7.8%. EPS of $0.01 for the same period compares to $0.17 a year ago.The reported revenue represents a surprise of +0.20% over the Zacks Consensus Estimate of $179.81 million. With the consensus EPS estimate being $0.08, the EPS surprise was -87.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------|-------|------------------------|-------|----------------------|-------|---------------------------------------|-------|----------------------| | Cost of revenue and operations | $ | As Reported \n29,962 | $ | (1) Adjustments \n— | $ | Stock-Based Compensation \n(329 ) | $ | As Adjusted \n29,633 | | Product and technology | | 28,085 | | — | | (2,781 ) | | 25,304 | | Marketing and sales | | 59,163 | | (44 ) | | ...

Despite Inflation and Interest Rate Concerns, Half of Americans Are Planning Major Purchases in 2024 CHICAGO, April 16, 2024 /PRNewswire/ -- In its second annual Affordability Report released today, car-shopping marketplace Cars.com® (NYSE: CARS) reveals a retail environment that is more accessible to consumers than it has been for months, and in some cases, years. Cars.com's 2024 Affordability Report is a comprehensive, data-driven resource for cost-conscious car shoppers that offers insights into consumer ...

New Cars.com Utility Puts in Data from Over Two Million Vehicle Listings in the Hands of Consumers and Allows Them to Easily Track Their Vehicle's Value Over Time1 Your Garage Launches Alongside Dynamic 30-Second Ad and Engaging Social, Radio Content CHICAGO, April 2, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.comⓇ (NYSE: CARS) unveils Your Garage, a powerful tool designed to provide car owners with the ability to track the value of their vehicle over time so they can make a more informed decision. ...