The headline numbers for Cars.com (CARS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cars.com (CARS) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.12 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Cars.com (CARS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Cars.com recently reported Q3 2024 results, matching revenue estimates but missing earnings projections. Financial trends show slight revenue growth, improved operating income, and strong free cash flow, but gross margins have declined due to higher product and technology expenses. My near-term hold outlook hinges on dealer demand recovery, with potential upside if growth rates improve. But significant recovery may not occur until 2025.
Cars.com Inc. (NYSE:CARS ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer Sonia Jain - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley Tom White - Davidson Zach Walljasper - UBS Gary Prestopino - Barrington Research Marvin Fong - BTIG Operator Good morning, ladies and gentlemen, and welcome to the Cars Third Quarter 2024 Conference Call.
While the top- and bottom-line numbers for Cars.com (CARS) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cars.com (CARS) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.07 per share a year ago.
Cars.com (CARS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to Cars.com (CARS) stock based on the movements in the options market lately.
Cars.com ( CARS ) is a small-cap operator of an online automotive platform. The company offers new and used vehicle listings, expert and consumer reviews, and research tools.