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The 3 Most Undervalued Under-$50 Stocks to Buy in July 2024
Investor Place· 2024-07-09 17:30
Below are three undervalued stocks under $50 that have the ability to grow very fast. Let's dive in to see what sets them apart from their more expensive peers. Healthcare facility operator Select Medical Holdings (NYSE:SEM) is the first discounted stock to consider. The operator of long-term acute care and in-patient rehabilitation hospitals, occupational health, and physical therapy clinics is one of the biggest in the space. It operates 107 hospitals in 28 states, 33 rehab facilities in 13 states, over 1 ...
All You Need to Know About Cars.com (CARS) Rating Upgrade to Buy
ZACKS· 2024-06-28 17:01
Therefore, the Zacks rating upgrade for Cars.com basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings es ...
Foreign Automakers Lead the Charge in Cars.com's American-Made Index
Prnewswire· 2024-06-28 11:30
10%.3 But 60% of Americans say that products need to be built in the U.S. by a company headquartered here to substantially contribute to the American economy.4 However, the success of Alabama's auto industry demonstrates that foreign investments are also playing a crucial role in supporting and growing local economies. Ford has 12 vehicles on the Index, assembled in Illinois, Kentucky, Michigan and Missouri. The Lincoln Corsair at No. 29 and Ford Mustang at No. 31 are Ford's highest-ranking vehicles. Contra ...
Incumbent Tesla is the Only Domestic Automaker in Cars.com's 2024 American-Made Index Top 10
Prnewswire· 2024-06-18 11:45
U.S.-Based Auto Production Facilities Are Up 144% Since 2020 Assembly Locations for the Top 10 Vehicles on Cars.com's 2024 American-Made Index Honda's Odyssey and Ridgeline — boasting the most American-made minivan and pickup truck — came in at No. 5 and No. 6., while the Toyota Camry and Jeep Gladiator each jumped 19 spots to land at No. 7 and No. 8. The Lexus TX makes a memorable entrance to the index, landing at No. 10. The complete list is available at Cars.com/AMI. Over 50% of Vehicles on Index Assembl ...
May New-Car Sales Boost Used-Car Inventory, Dropping Used-Car Prices 7% to $28,861, According to Cars Commerce May Industry Insights Report
Prnewswire· 2024-06-13 11:30
Key May Market Highlights On Average, Used Cars Cost About $20,000 Less Than New Vehicles — Largest Price Gap Since 2018 "The rise in new-car sales, especially during seasonal promotions like Memorial Day, boosts the used-car market. More new-car inventory means more new-car sales, which means more trade-ins, increasing used-car inventory and bringing prices down — and that's just what we're seeing this month," said Rebecca Lindland, senior director of industry data and insights at Cars Commerce. "On averag ...
Cars Commerce Named in U.S. News & World Report's 2024-2025 Best Companies to Work For
Prnewswire· 2024-06-11 11:30
Core Insights - Cars.com Inc. has been recognized as one of the Best Companies to Work For by U.S. News & World Report for the second consecutive year, highlighting its commitment to employee experience and workplace culture [1][6] - The recognition is based on various factors including employee sentiment, quality of pay and benefits, work-life balance, and opportunities for professional development [2][3] Company Overview - Cars Commerce is an audience-driven technology company focused on empowering the automotive industry by simplifying car buying and selling through innovative products and AI-driven technologies [4][7] - The company operates under four leading brands: Cars.com, Dealer Inspire, AccuTrade, and Cars Commerce Media Network, providing a comprehensive suite of solutions for retail operations [4] Recognition Methodology - U.S. News evaluated 3,000 companies to create the Best Companies to Work For list, considering only those in the Russell 3000 index with over 75 Glassdoor reviews from 2020 to 2023 [3][6] - The evaluation process involved a panel of experts and included metrics such as employee wellbeing, job stability, and workplace comfort [3][6] Industry Context - The recognition reflects a broader trend in the industry where companies are increasingly prioritizing employee experience as a key factor in attracting and retaining talent [2][8] - Cars Commerce's innovative approach and commitment to a positive work environment position it as a compelling employer within the technology and automotive sectors [7][8]
Should Value Investors Buy Cars.com (CARS) Stock?
ZACKS· 2024-06-10 14:45
Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on fundamental analysis and traditional valuation metrics to identify undervalued stocks [2]. Company Analysis: Cars.com (CARS) - Cars.com (CARS) is currently rated with a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4]. - CARS has a Forward P/E ratio of 9.55, significantly lower than the industry average of 25.25, suggesting it may be undervalued [4]. - The stock's Forward P/E has fluctuated between a high of 44.08 and a low of 8.74 over the past year, with a median of 22.88 [4]. - CARS's P/B ratio stands at 2.82, which is attractive compared to the industry's average P/B of 5.09, indicating a favorable valuation [5]. - The P/B ratio for CARS has ranged from a high of 3.44 to a low of 2.06 in the past 12 months, with a median of 2.54 [5]. - The P/CF ratio for CARS is 6.40, which is also appealing when compared to the industry's average P/CF of 15.78, further supporting the notion of undervaluation [6]. - Over the past year, CARS's P/CF has varied from a high of 11.45 to a low of 4.70, with a median of 5.78 [6]. - Overall, the combination of these metrics suggests that CARS is likely undervalued and presents an impressive value opportunity based on its earnings outlook [7].
Cars.com (CARS) Upgraded to Buy: What Does It Mean for the Stock?
zacks.com· 2024-05-24 17:01
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 ...
Does Cars.com (CARS) Have the Potential to Rally 32.07% as Wall Street Analysts Expect?
zacks.com· 2024-05-24 14:56
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 ...
Are Investors Undervaluing Cars.com (CARS) Right Now?
zacks.com· 2024-05-24 14:46
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 ...