It’s Not Over Yet For Cars.com (NYSE: CARS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Cars Commerce Addresses Automotive Retailers’ Top Three Pain Points to Help Them Unleash Growth in 2024.

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Stocks Info

Cars.com is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Auto & Truck Dealerships industry. At the end of the last regular session, the stock closed at $18.52 and fluctuated between $18.71 as its day high and $17.54 as its day low. The current market capitalization of Cars.com is $1.23B. A total of 0.55 million shares were traded on the day, compared to an average of 380.23K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CARS has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 45,189 shares. Over the last 12 months, there were 14 BUYs and 21 SELLs from insiders. Insiders purchased 406,227 shares during that period but sold 437,220.

In the most recent transaction, Vetter Thomas Alex sold 17,666 shares of CARS for 19.00 per share on Dec 14. After the transaction, the CEO now owns 586,551 company shares. In a previous transaction on Nov 30, Jain Sonia sold 13,889 shares at 18.64 per share. CARS shares that Chief Financial Officer owns now total 233,470.

Among the insiders who sold shares, Jain Sonia disposed of 8,439 shares on Nov 29 at a per-share price of $18.90. This resulted in the Chief Financial Officer holding 247,359 shares of CARS after the transaction. In another insider transaction, Jain Sonia sold 17,235 shares at $18.92 per share on Nov 28. Company shares held by the Chief Financial Officer now total 255,798.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CARS in the last 3 months, the mean price target is $23.36 with high estimates of $27.00 and low estimates of $17.50. In terms of 52-week highs and lows, CARS has a high of $22.84 and a low of $14.82.

As of this writing, CARS has an earnings estimate of $Carrier Global Corporation per share for the current quarter. EPS was calculated based on a consensus of Coherus BioSciences, Inc. estimates, with a high estimate of $Avis Budget Group, Inc. per share and a lower estimate of $Maplebear Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CARS’s latest balance sheet shows that the firm has $39.07M in Cash & Short Term Investments as of fiscal 2021. There were $466.32M in debt and $94.29M in liabilities at the time. Its Book Value Per Share was $7.30, while its Total Shareholder’s Equity was $398.02M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CARS is Buy with a score of 4.71.

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