Cars.com Inc. (CARS)
NYSE: CARS · IEX Real-Time Price · USD
19.23
-0.18 (-0.93%)
At close: Jul 19, 2024, 4:00 PM
19.50
+0.27 (1.40%)
Pre-market: Jul 22, 2024, 7:12 AM EDT
Cars.com Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Cars.com stock have an average target of 24, with a low estimate of 20 and a high estimate of 26. The average target predicts an increase of 24.80% from the current stock price of 19.23.
Analyst Consensus: Buy
* Price targets were last updated on May 28, 2024.
Analyst Ratings
The average analyst rating for Cars.com stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barrington Research | Barrington Research | Buy Maintains $25 | Buy | Maintains | $25 | +30.01% | May 28, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +30.01% | May 6, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +30.01% | Feb 26, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +30.01% | Feb 22, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $24 → $25 | Buy | Maintains | $24 → $25 | +30.01% | Oct 16, 2023 |
Financial Forecast
Revenue This Year
751.87M
from 689.18M
Increased by 9.10%
Revenue Next Year
791.86M
from 751.87M
Increased by 5.32%
EPS This Year
0.47
from 1.74
Decreased by -73.15%
EPS Next Year
0.80
from 0.47
Increased by 72.05%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 778.2M | 830.2M | 884.7M | 871.6M | 899.2M |
| Avg | 751.9M | 791.9M | 841.1M | 846.7M | 873.5M |
| Low | 717.9M | 754.1M | 785.7M | 813.5M | 839.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.9% | 10.4% | 11.7% | 3.6% | 6.2% |
| Avg | 9.1% | 5.3% | 6.2% | 0.7% | 3.2% |
| Low | 4.2% | 0.3% | -0.8% | -3.3% | -0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.65 | 1.11 | 1.45 |
| Avg | 0.47 | 0.80 | 1.24 |
| Low | 0.35 | 0.54 | 0.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -62.6% | 138.2% | 80.3% |
| Avg | -73.2% | 72.1% | 54.4% |
| Low | -79.7% | 15.4% | 14.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.