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StockNews.com
Business
Anushka Dutta

Cars.com: An Oversold Auto Stock to Buy on the Dip

Cars Carscom Inc

Auto dealership company Cars.com Inc. (CARS) in Chicago is a digital marketplace operator that provides solutions for the automotive industry. The company operates through its marketplace, dealer websites, and other digital products. Its platform connects car sellers with car shoppers.

The stock seems to be trading at a price below its intrinsic value. In terms of its forward non-GAAP P/E, CARS is currently trading at 4.93x, which is 71.4% lower than the 17.21x industry average. The stock’s 1.80 forward EV/Sales multiple is 16.6% lower than the 2.16 industry average. In terms of its forward EV/EBITDA, it is trading at 6.53x, which is 23.6% lower than the 8.54x industry average. Its 1.06 forward Price/Sales multiple is 24.7% lower than the 1.41 industry average. 

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