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
Target Low Average Median High
Price $20 $23.8 $25 $26
Change +16.41% +38.53% +45.52% +51.34%
* 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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 444422
Buy 222222
Hold 111111
Sell 000000
Strong Sell 000000
Total 777755

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
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
606.68M547.50M623.68M653.88M689.18M750.78M788.50M815.49M839.87M863.02M
Revenue Growth
-8.37%-9.75%13.91%4.84%5.40%8.94%5.02%3.42%2.99%2.76%
EPS
-6.65-11.740.150.251.740.590.861.64--
EPS Growth
---66.67%596.00%-66.23%46.53%90.76%--
No. Analysts -----98333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 202420252026
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 202420252026
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.