Q4 2017 Earnings Forecast for Cars.com Inc (CARS) Issued By B. Riley

Cars.com Inc (NASDAQ:CARS) – Investment analysts at B. Riley dropped their Q4 2017 earnings per share estimates for shares of Cars.com in a research report issued to clients and investors on Thursday. B. Riley analyst S. Sinha now forecasts that the company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.30. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock. B. Riley also issued estimates for Cars.com’s Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $0.92 EPS and FY2019 earnings at $1.00 EPS.

Several other analysts also recently weighed in on the stock. Craig Hallum started coverage on shares of Cars.com in a research report on Thursday, July 20th. They set a “hold” rating and a $25.00 price objective for the company. Barrington Research upped their price target on shares of Cars.com from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 6th.

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Cars.com (CARS) opened at $22.80 on Friday. Cars.com has a 12 month low of $19.90 and a 12 month high of $29.47.

Cars.com (NASDAQ:CARS) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.40. The business had revenue of $156.62 million during the quarter, compared to analysts’ expectations of $157.00 million. Cars.com had a net margin of 15.84% and a return on equity of 5.13%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share.

Several large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of Cars.com by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 225,089 shares of the company’s stock worth $5,989,000 after purchasing an additional 2,339 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Cars.com by 4.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 60,608 shares of the company’s stock worth $1,613,000 after purchasing an additional 2,705 shares during the period. FNY Partners Fund LP grew its stake in shares of Cars.com by 17.0% during the 3rd quarter. FNY Partners Fund LP now owns 23,857 shares of the company’s stock worth $634,000 after purchasing an additional 3,470 shares during the period. First Personal Financial Services acquired a new position in shares of Cars.com during the 2nd quarter worth $118,000. Finally, American International Group Inc. boosted its position in shares of Cars.com by 2.4% in the 3rd quarter. American International Group Inc. now owns 209,501 shares of the company’s stock worth $5,575,000 after buying an additional 4,855 shares in the last quarter.

About Cars.com

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.

Earnings History and Estimates for Cars.com (NASDAQ:CARS)

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