CARS Stock Summary and Trading Ideas (Cars.com Common | NYSE:CARS)

Cars.com Inc is an online destination for buying and selling new and used vehicles. The company brands include Dealer Inspire, DealerRater, FUEL, Accu-Trade, PickupTrucks.com, CreditIQ, and NewCars.com., websites directed towards different consumer segments.

Cars.com Common trades on the NYSE stock market under the symbol CARS.

As of May 14, 2024, CARS stock price climbed to $17.89 with 222,321 million shares trading.

CARS has a beta of 1.81, meaning it tends to be more sensitive to market movements. CARS has a correlation of 0.43 to the broad based SPY ETF.

CARS has a market cap of $1.18 billion. This is considered a Small Cap stock.

Last quarter Cars.com Common reported $180 million in Revenue and $.43 earnings per share. This beat revenue expectation by $726,000 and exceeded earnings estimates by $.34.

In the last 3 years, CARS stock traded as high as $22.84 and as low as $8.75.

The top ETF exchange traded funds that CARS belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.

CARS has underperformed the market in the last year with a return of -4.8%, while the SPY ETF gained +28.1%. In the last 3 month period, CARS fell short of the market, returning -4.1%, while SPY returned +5.7%. However, in the most recent 2 weeks CARS has outperformed the stock market by returning +5.2%, while SPY returned +2.1%.

CARS support price is $17.49 and resistance is $18.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CARS stock will trade within this expected range on the day.