Cars.com Inc (NYSE:CARS) – Equities research analysts at B. Riley cut their Q2 2018 earnings estimates for shares of Cars.com in a note issued to investors on Wednesday. B. Riley analyst S. Sinha now expects that the company will earn $0.26 per share for the quarter, down from their previous forecast of $0.27. B. Riley currently has a “Buy” rating and a $36.00 target price on the stock. B. Riley also issued estimates for Cars.com’s Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.09 EPS and FY2019 earnings at $1.42 EPS.
Other equities analysts have also issued research reports about the company. ValuEngine raised Cars.com from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Cars.com from a “sell” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, January 9th. Finally, Barrington Research reissued a “buy” rating on shares of Cars.com in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $34.88.
Cars.com (NYSE:CARS) last issued its earnings results on Tuesday, March 6th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. Cars.com had a return on equity of 8.16% and a net margin of 35.84%. The business had revenue of $156.57 million during the quarter, compared to analyst estimates of $156.30 million. The business’s revenue for the quarter was down 3.2% on a year-over-year basis.
Large investors have recently modified their holdings of the business. First Mercantile Trust Co. purchased a new position in Cars.com in the 4th quarter worth about $105,000. AlphaOne Investment Services LLC purchased a new position in Cars.com in the 4th quarter worth about $107,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Cars.com by 385.9% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,666 shares of the company’s stock worth $163,000 after buying an additional 4,500 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in Cars.com in the 4th quarter worth about $223,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Cars.com during the 3rd quarter valued at about $212,000.
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Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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