With 1.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.6 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.16 whereas the lowest price it dropped to was $17.125. The 52-week range on CARS shows that it touched its highest point at $21.24 and its lowest point at $15.05 during that stretch. It currently has a 1-year price target of $21.21. Beta for the stock currently stands at 2.08.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CARS was up-trending over the past week, with a rise of 11.63%, but this was up by 14.79% over a month. Three-month performance surged to 6.06% while six-month performance fell -4.24%. The stock lost -4.95% in the past year, while it has lost -5.90% so far this year. A look at the trailing 12-month EPS for CARS yields 0.37 with Next year EPS estimates of 2.29. For the next quarter, that number is 0.55. This implies an EPS growth rate of -53.59% for this year and 27.07% for next year. EPS is expected to grow by 19.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.84%.
Float and Shares Shorts:
At present, 65.93 million CARS shares are outstanding with a float of 60.35 million shares on hand for trading. On 2024-10-15, short shares totaled 1.83 million, which was 277.0 higher than short shares on 1726185600. In addition to Mr. T. Alex Vetter as the firm’s CEO & Director, Mr. Douglas Neal Miller serves as its President & Chief Commercial Officer.
Institutional Ownership:
Through their ownership of 0.9008 of CARS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, CARS reported revenue of $178894000.0 and operating income of $9517000.0. The EBITDA in the recently reported quarter was $52078000.0 and diluted EPS was $0.17.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CARS since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CARS analysts setting a high price target of 26.0 and a low target of 16.5, the average target price over the next 12 months is 21.21. Based on these targets, CARS could surge 45.66% to reach the target high and fall by -7.56% to reach the target low. Reaching the average price target will result in a growth of 18.82% from current levels.
Analysts have provided yearly estimates in a range of $1.83133 being high and $1.78553 being low. For CARS, this leads to a yearly average estimate of $1.80338.
