Cars.com Inc. (NYSE:CARS) is expected to report third quarter earnings results, before market open, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.39 per share.
Looking ahead, the full year income are expected at $ 1.26 per share on the revenues of $ 533.96 million.
Previous Quarter Performance
Cars.com Inc. unwinded income for the second quarter of $ 0.12 per share, from the revenue of $ 102.01 million. The quarterly earnings fell 60.00 percent compared with the same quarter last year. Street analysts expected Cars.com Inc. to report loss of $ 0.38 per share on revenue of $ 95.25 million for the second quarter. The bottom line results beat street analysts by $ 0.5 or 131.58 percent, at the same time, top line results outshined analysts by $ 6.76 million or 7.10 percent.
Stock Performance
On Friday, shares of Cars.com Inc. has traded high as $ 9.46 and has cracked $ 8.70 on the downward trend, reaching $ 9.32 with volume of 1.57 million shares.
According to the previous trading day, closing price of $ 9.32, representing a 169.23 % increase from the 52 week low of $ 3.25 and a 35.42 % decrease over the 52 week high of $ 13.55.
The company has a market capital of $ 626.30 million and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Recent Analyst recommendations
- On 15th October 2020, upgraded by B. Riley to Buy from Neutral rating, with $ 11.00 target price.
- On 15th October 2020, upgraded by Craig Hallum to Buy from Hold rating, with $ 14.00 target price.
Conference Call
Cars.com Inc. will be hosting a conference call at 10:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cars.com
Cars.com Inc., through its subsidiaries, operates as a digital automotive marketplace that connects car shoppers with sellers and original equipment manufacturers in the United States. Its Cars.com platform consists of Website and mobile application, including a database of approximately 5 million new and used vehicle listings from U.S.-based dealerships and online-only car sellers. The companys portfolio of brands also includes Dealer Inspire, DealerRater, Auto.com, PickupTrucks.com, and NewCars.com, which provide digital solutions for car dealers, including dealer Websites, technology and reputation management solutions that improve automotive selling for local dealerships and national OEM brands.
