Cars.com Q2 Adj $0.38 Beats $0.10 Estimate, Sales $178.89M Miss $182.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cars.com (NYSE:CARS) reported Q2 earnings of $0.38 per share, significantly beating the analyst estimate of $0.11. However, sales of $178.89 million missed the $182.10 million estimate. Earnings decreased by 72.26% year-over-year, while sales increased by 6.37%.
August 08, 2024 | 11:35 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cars.com reported Q2 earnings of $0.38 per share, beating estimates by 245.45%, but sales of $178.89 million missed estimates by 1.76%. Earnings decreased by 72.26% YoY, while sales increased by 6.37%.
The significant beat on earnings per share (EPS) is a positive indicator, but the miss on sales and the large year-over-year decrease in earnings could create mixed reactions in the market. The stock price may experience volatility as investors weigh the positive EPS against the sales miss and earnings decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100