With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. 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 $23.60. Beta for the stock currently stands at 2.14.
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 down-trending over the past week, with a drop of -8.60%, but this was down by -15.56% over a month. Three-month performance dropped to -17.16% while six-month performance fell -15.70%. The stock lost -12.72% in the past year, while it has lost -11.71% so far this year. A look at the trailing 12-month EPS for CARS yields 0.58 with Next year EPS estimates of 2.48. For the next quarter, that number is 0.58. This implies an EPS growth rate of -54.74% for this year and 41.21% for next year. EPS is expected to decline by -12.04% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.84%.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.80106 being high and $1.76197 being low. For CARS, this leads to a yearly average estimate of $1.77819. Based on analyst estimates, the high estimate for the next quarter is $0.67 and the low estimate is $0.57. The average estimate for the next quarter is thus $0.62.
