|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.95|
|PE ratio (TTM)||1.99|
|Earnings date||01 Aug 2023 - 07 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The slump came after some investors found reasons to be disappointed with the automotive retailing platform provider's Q1 earnings update. Cars.com achieved a 6% sales increase for the selling period that ended in late March, putting revenue exactly within management's short-term forecast from February. The boost reflected solid traffic growth along with rising average spending levels.
Shares of Cars.com (NYSE: CARS) are up 11.5% from where they closed last Friday after the online auto marketplace posted fourth-quarter earnings that beat Wall Street estimates on the top and bottom lines, according to data from S&P Global Market Intelligence. New car prices were at an average of $49,507 in December while used cars were trading at an average of $29,533, a 5% drop from the record high of $31,095 reached last April.
Shares of Cars.com (NYSE: CARS) were moving higher today after the online auto retailer posted better-than-expected results in its fourth quarter. Monthly average revenue per dealer increased by 1% to $2,361. On the bottom line, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose from $46.8 million to $49.5 million, and the company posted a per-share profit of $0.15 based on generally accepted accounting principles (GAAP), compared to a per-share loss of $0.04 in the quarter a year ago and estimates at a $0.06 per-share profit.
Cars.com (CARS) delivered earnings and revenue surprises of -21.05% and 0.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Cars.com (CARS) delivered earnings and revenue surprises of -128.57% and 0.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Taiwan Semiconductor and Cars.com are part of Zacks Bull and Bear of the Day article.
As inflation raises MSRP the online portals get more competitive and margins get hit
Image source: The Motley Fool. Cars.com Inc. (NYSE: CARS)Q2 2022 Earnings CallAug 03, 2022, 9:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning.
Cars.com (CARS) delivered earnings and revenue surprises of 60% and 0.61%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?