How to Buy Carscom Stock
Carscom Inc
Carscom is a auto & truck dealership company located in Illinois, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker CARS on the NYSE exchange.
Carscom stock last closed at $16.70, up 0.85% from the previous day, and has decreased 12.57% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.2 percentage points. Carscom stock is currently +12.69% from its 52-week low of $14.82, and -26.88% from its 52-week high of $22.84.
There are currently 65.71M shares of CARS outstanding. The market capitalization of CARS is $1.10B. In the last 24 hours, 388,590 CARS shares were traded.
How to Buy Carscom Stock
Wondering how to invest in Carscom stock? Here's how.
- Choose where to buy Carscom stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Carscom stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your payment method and add your information.
- Research Carscom stock: The Carscom ticker symbol is CARS. Is Carscom stock a good investment? Should you buy shares of CARS? How do CARS's underlying business fundamentals look? Do top analysts think Carscom is a good buy? Why has CARS's stock price moved recently? (Hint: Our stock research tools can help you figure out if CARS is a good stock to buy).
- Execute your CARS buy order: Decide if you will purchase CARS shares at the current market price or use a limit order to purchase CARS shares at a specific price.
- Keep tabs on your CARS position: Create a watchlist to track your new investment in Carscom shares.
Step 1: Choose where to buy Carscom stock
You need an online brokerage account to access the NYSE market and buy CARS shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best stock brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal information so you are able to buy CARS today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on app for stock, you can securely and quickly fund your account:
Check out this video walkthrough for more details transferring money into your new investment account.
Step 4: Research Carscom stock
Once you have identified the best place to buy Carscom stock, it's critical to analyze their stock prior to investing, so you actually understand the risk and opportunity.
Overview of key CARS info
CARS Fundamentals
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on CARS's stock page.
Is CARS stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CARS's intrinsic value.
Using relative valuations methods:
- CARS could be undervalued based on its P/E ratio of 9.44x, relative to Auto & Truck Dealerships industry P/E ratio of 11.94x
- CARS could be undervalued based on its P/B ratio of 2.23x, relative to Auto & Truck Dealerships industry P/B ratio of 2.35x
You can do additional valuation research on CARS's stock here.
CARS Financials at a glance
Passed Financial Due Diligence Checks:
- CARS's operating cash flow of $136.72M allows it to safely service it's debt of $483.25M.
- There are more short-term assets than short-term liabilities on the CARS balance sheet.
- CARS profit margin has gone up from 2.6% to 17.2% in the past year.
Failed Financial Due Diligence Checks:
- CARS has a relatively high debt to equity ratio of 1.38.
- Total CARS debt is higher than 5 years ago, relative to shareholder equity.
- CARS earnings of $50.53M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the CARS balance sheet.
Is it a good time to buy Carscom stock, according to analysts?
Out of 1 Equities analysts who monitor CARS, the consensus analyst rating on CARS is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Carscom stock forecast page.
CARS Trading Indicators
CARS Performance Numbers
Last year, CARS earnings were $118.44M. In the last 5 year, CARS's earnings have grown by 26.33% per year. This was faster than the Auto & Truck Dealerships industry average of 13.23%.
Last year, CARS revenue was $689.18M. During the last five year, CARS's revenue has grown by 0.8% per year. This was slower than the Auto & Truck Dealerships industry average of 18.09%.
You can analyze CARS's earnings and revenue performance here.
Who is buying/selling CARS?
In the last year, executives and large shareholders at CARS have sold more shares than they have bought.
Douglas Neal Miller, Pres. and Chief Comm. Officer of CARS, was the latest CARS insider to sell. They sold $265,937.76 worth of CARS shares on Mar 8, 2024.
Get more info about who owns CARS stock here.
Can I rely on CARS as an income stream?
No, Carscom doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your CARS buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and eToro will place the order.
If you want additional info about investing in stocks on eToro, click the how to video below:
Step 6: Keep tabs on your CARS position
Now that you own some shares in CARS, you'll want to keep up with your stock purchase.
Put CARS on a watchlist to keep tabs on your CARS stock.
CARS Feed
How to Buy Stock in Carscom
To reiterate, here are the 6 steps to buy Carscom stock:
- Choose where to buy Carscom stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Carscom stock
- Execute your CARS buy order
- Keep tabs on your CARS position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Carscom, add CARS to your watchlist below.
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