Cars.com Inc. (CARS)
NYSE: CARS · IEX Real-Time Price · USD
17.18
+0.11 (0.64%)
At close: Mar 28, 2024, 4:00 PM
17.73
+0.55 (3.20%)
After-hours: Mar 28, 2024, 7:16 PM EDT
Cars.com Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Cars.com stock have an average target of 23.8, with a low estimate of 20 and a high estimate of 26. The average target predicts an increase of 38.53% from the current stock price of 17.18.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 26, 2024.
Analyst Ratings
The average analyst rating for Cars.com stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 4 | 4 | 4 | 4 | 2 | 2 |
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 | 7 | 7 | 7 | 7 | 5 | 5 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +45.52% | Feb 26, 2024 |
Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +45.52% | Feb 22, 2024 |
JP Morgan | JP Morgan | Buy Maintains $24 → $25 | Buy | Maintains | $24 → $25 | +45.52% | Oct 16, 2023 |
UBS | UBS | Hold Initiates $20 | Hold | Initiates | $20 | +16.41% | Sep 15, 2023 |
B. Riley Securities | B. Riley Securities | Strong Buy Initiates $26 | Strong Buy | Initiates | $26 | +51.34% | Jul 20, 2023 |
Financial Forecast
Revenue This Year
750.78M
from 689.18M
Increased by 8.94%
Revenue Next Year
788.50M
from 750.78M
Increased by 5.02%
EPS This Year
0.59
from 1.74
Decreased by -66.23%
EPS Next Year
0.86
from 0.59
Increased by 46.53%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 782.3M | 819.0M | 839.5M | 864.6M | 888.4M |
Avg | 750.8M | 788.5M | 815.5M | 839.9M | 863.0M |
Low | 716.2M | 752.9M | 783.5M | 806.9M | 829.2M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 13.5% | 9.1% | 6.5% | 6.0% | 5.8% |
Avg | 8.9% | 5.0% | 3.4% | 3.0% | 2.8% |
Low | 3.9% | 0.3% | -0.6% | -1.0% | -1.3% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 0.91 | 1.42 | 1.69 |
Avg | 0.59 | 0.86 | 1.64 |
Low | 0.29 | 0.49 | 1.58 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | -47.5% | 141.3% | 96.4% |
Avg | -66.2% | 46.5% | 90.8% |
Low | -83.1% | -16.6% | 83.3% |
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.