Cars.com First Quarter 2024 Earnings: EPS Misses Expectations

Cars.com (NYSE:CARS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$180.2m (up 7.8% from 1Q 2023).
• Net income: US$784.0k (down 93% from 1Q 2023).
• Profit margin: 0.4% (down from 6.9% in 1Q 2023).
• EPS: US$0.012 (down from US$0.17 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cars.com EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 88%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 10% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Cars.com (of which 1 is a bit unpleasant!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.