$CARS $20 in June imo, after a bounce off $17 perhapsWeekly shows we closed above the previous weeks resistance and it seems to be just getting started. Looking for previous highs around mid BER:20S , MACD has momentum and should plateau at the medium, imo of course. Longby TazmanianTrader0
An In-Depth Analysis of Cars.com (NYSE:CARS) Post Q3 EarningsCars.com (NYSE: NYSE:CARS ) has emerged as a digital hub connecting new and used car buyers and sellers. As we delve into the aftermath of the Q3 earnings report, it becomes clear that Cars.com is at a crossroads, navigating challenges but also seizing strategic opportunities for future growth. Marketplace Resilience Amid Q3 Slowdown: The broader online marketplace sector faced headwinds in Q3, with revenues beating analyst estimates by a modest 1.8%, while next quarter's revenue guidance lagged by 1.7%. However, Cars.com demonstrated resilience in the face of this trend. Despite a weaker quarter, the company's share prices rose by 4.6% on average since the previous earnings results, outperforming other cash-burning entities. Q3 Performance and Strategic Moves: Cars.com reported Q3 revenues of $174.3 million, a 5.9% YoY increase, in line with analyst expectations. The quarter, however, witnessed a decline in the user base and slow revenue growth. Despite these challenges, the company made strategic moves to fortify its position in the market. Notably, the launch of Cars Commerce, a new B2B brand, reflects a commitment to simplifying the car buying and selling process for all stakeholders. CEO Alex Vetter emphasized the strategic importance of this move, stating, "During the quarter, we made strong strategic moves that advanced our platform strategy and unlocked future growth." Acquisition and Geographic Expansion: Cars.com's acquisition of D2C Media Inc. is a noteworthy development, extending its presence in the Canadian market and unlocking new growth opportunities. This move aligns with the company's broader strategy of uniting the industry and fostering a seamless experience for consumers, dealers, OEMs, and lenders. User Base Dynamics: The Q3 report indicated a decline in the user base, with 18.7 thousand active buyers, down 4.44% YoY. While this is a notable setback, the company's focus on strategic initiatives and the launch of Cars Commerce could potentially reverse this trend in the coming quarters. Future Outlook: As the stock currently trades at $17.17, reflecting a 15.88% increase since the results, investors are cautiously optimistic. The success of Cars.com in the coming quarters will depend on its ability to capitalize on the launched initiatives, navigate challenges in the online marketplace sector, and harness the potential unlocked by the acquisition of D2C Media Inc. Conclusion: Cars.com ( NYSE:CARS ) stands at a pivotal juncture, having weathered the storms of a challenging Q3 while strategically positioning itself for future growth. The launch of Cars Commerce, the acquisition of D2C Media Inc., and the commitment to industry unification underscore a resilient strategy. Investors will be closely watching how Cars.com steers through the road ahead, making this digital marketplace a compelling stock to watch in the coming months.by DEXWireNews2
Cars This chart isn’t looking to bad. I think we have room to 23$ at least 18$ key reistance but it just bounced off uptrending support again. Puttin in an ascedning triangle. Or symetrical trinagle. Big uptrend move into it. Larger pattern is a large rising channel but the top of channel is up at 23.50. I’d buy here with stoploss just below 17 targeting 23$ so you got a 2$ risk with a 4.50 reward per share. Can try a lower risk but we have to at least stop it below 17.80 Longby Erictaylor111
Long Trade in CARSCARS is setting up for a breakout above $20. The 2021 high for the stock was 19.07 set the month before the bear market started. This level was finally eclipsed last month. CARS is not consolidating on tightening price action through a series of shallowing pullbacks. A strong move through the 20.10 pivot point would be a buy trigger for me. You could work a stop at 18.60 just beneath the recent low. This coincides with the 50-day moving average which has served as support for most of the current move.Longby rossgivens0
$CARS Bullish breakout Targeting 21 and 26 but entry near by 13Clear breakout to fill out previous gaps. however, indicators are extended so possible pullback coming days to close Fridays gap then continue uptrend. stop loss for longs bulls about 11.5 Longby WinnerTrader99Updated 1
CARS Announces $200 Million Share Repurchase Program!!!CARS: Cars.com Inc. 2022-02-24 07:28:00 CARS Announces $200 Million Share Repurchase ProgramLongby JetEquities1
looking to buy Cars.com is an automotive classified website focused on the United States that launched in June 1998 and now is the second largest automotive classified site. Its headquarters are located in Chicago, Illinois.Longby IM-Forex1
CARS looking very bullish with very strong support!Hi Traders! This is our analysis for CARS, the chart looks very simple but very bullish! - Price is currently located on a long term trend line (Yellow) which is working as a very strong support. - Also backed by medium term trend support (purple). - 100MA support + horizontal support. - RSI is 45, in the past year RSI bounced of 40 level 7 times. - Ichimoku indicating that we are in a very strong uptrend. This stock is currently backed by 4 times of support indicating that the probability of bouncing up and testing the next resistance high. Also, the 1 year high has been tested once already, a retest is very likely when the price is backed by such strong support! Entry at 13,50 Target at 15,37 slightly below the 1 year high for a 14% gain- SL at 13,00 Longby vf_investment4
$CARS - making its movehad good earnings golden cross has been on watch now is the time commons is my play on this, limit order is in Longby katblat110
$CARS$CARS clear uptrend, extremely bullish trend. Broke major resistance, either wait for a retest or go super long as of now!. Personally think this gap will fill very soon!. Longby pedrocruz9273220
$CARS - ive been waitingthis is the reversal. Watching a little more to confirm then I am in a leap for the golden cross gains Longby katblatUpdated 0
$CARS - got our cupBuy the handle I will buy options rake in the gains that's the plan lets see what the market doesLongby katblat1
$CARS .COM Potential Breakout into major Gap. 🚗🚗 CARS.com is currently sitting under strong resistance but may provide a nice opportunity in the days to come. Major gap sits above. Alert set for break above $13.50 Potential target $16.35 Measured move target $ 16.60 Gap fill target $17.90Longby Bullishcharts27
MACD & STOCK RSI POSITIVELEGAL DISCLAIMER : This is NOT AN INVESTMENT ADVICE ! It is intended to be used and must be used for informational & educational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.Longby Trade_Expert_0
$CARS Jumps on Guidance CARS jumped today on improved guidance. Volume was impressive but care needed as day traders quite active. Don't expect a moon job. Targets as per chart and support at $9.50. by Bullishcharts16