Cars.com (CARS) concluded trading on Wednesday at a closing price of $19.70, with 0.44 million shares of worth about $8.73 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.70% during that period and on November 27, 2024 the price saw a gain of about 0.20%. Currently the company’s common shares owned by public are about 65.93M shares, out of which, 59.18M shares are available for trading.
Stock saw a price change of 7.59% in past 5 days and over the past one month there was a price change of 21.68%. Year-to-date (YTD), CARS shares are showing a performance of 3.85% which increased to 4.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.05 but also hit the highest price of $21.24 during that period. The average intraday trading volume for Cars.com shares is 621.53K. The stock is currently trading 8.03% above its 20-day simple moving average (SMA20), while that difference is up 15.74% for SMA50 and it goes to 10.06% higher than SMA200.
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Cars.com (NYSE: CARS) currently have 65.93M outstanding shares and institutions hold larger chunk of about 90.30% of that.
The stock has a current market capitalization of $1.28B and its 3Y-monthly beta is at 2.12. PE ratio of stock for trailing 12 months is 34.07, while it has posted earnings per share of $0.58 in the same period. Its PEG reads 1.46 and has Quick Ratio of 1.79 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CARS, volatility over the week remained 2.67% while standing at 2.98% over the month.
Stock’s fiscal year EPS is expected to drop by -54.29% while it is estimated to increase by 31.24% in next year. EPS is likely to shrink at an annualized rate of 23.30% for next 5-years, compared to annual growth of 25.84% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on August 09, 2024 offering a Neutral rating for the stock and assigned a target price range of between $25 and $19 to it. Coverage by UBS stated Cars.com (CARS) stock as a Neutral in their note to investors on September 15, 2023, suggesting a price target of $20 for the stock. On July 20, 2023, B. Riley Securities Initiated their recommendations, while on June 27, 2023, JP Morgan Initiated their ratings for the stock with a price target of $23. Stock get a Buy rating from BTIG Research on June 21, 2022.
