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
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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.
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