Cars Common Stock Shares Outstanding vs Other Stockholder Equity Analysis
CARS Stock | USD 18.64 1.57 9.20% |
Cars financial indicator trend analysis is way more than just evaluating Cars Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cars Inc is a good investment. Please check the relationship between Cars Common Stock Shares Outstanding and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cars Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Common Stock Shares Outstanding vs Other Stockholder Equity
Common Stock Shares Outstanding vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cars Inc Common Stock Shares Outstanding account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cars' Common Stock Shares Outstanding and Other Stockholder Equity is -0.39. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Cars Inc, assuming nothing else is changed. The correlation between historical values of Cars' Common Stock Shares Outstanding and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Cars Inc are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Common Stock Shares Outstanding i.e., Cars' Common Stock Shares Outstanding and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.39 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Other Stockholder Equity
Most indicators from Cars' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cars Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cars Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Cars' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 16.61 in 2024, despite the fact that Tax Provision is likely to grow to (95.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 509.5M | 538.9M | 567.0M | 537.4M | Total Revenue | 623.7M | 653.9M | 689.2M | 655.3M |
Cars fundamental ratios Correlations
Click cells to compare fundamentals
Cars Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cars fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 67.0M | 67.2M | 71.3M | 69.6M | 68.2M | 56.2M | |
Total Assets | 2.0B | 1.1B | 1.0B | 1.0B | 1.2B | 1.5B | |
Other Current Liab | 55.0M | 66.1M | 69.9M | 73.6M | 100.4M | 56.3M | |
Total Current Liabilities | 98.8M | 90.4M | 94.3M | 106.0M | 145.7M | 111.8M | |
Total Stockholder Equity | 1.1B | 340.2M | 366.9M | 384.4M | 492.1M | 467.5M | |
Other Liab | 137.2M | 34.6M | 88.6M | 49.6M | 44.7M | 84.7M | |
Net Tangible Assets | (694.3M) | (495.0M) | (428.7M) | (425.5M) | (383.0M) | (402.1M) | |
Property Plant And Equipment Net | 43.7M | 41.3M | 43.0M | 45.2M | 43.9M | 39.2M | |
Net Debt | 629.1M | 516.2M | 427.3M | 440.7M | 444.1M | 404.0M | |
Accounts Payable | 12.4M | 16.5M | 15.4M | 18.2M | 22.3M | 14.4M | |
Cash | 13.5M | 67.7M | 39.1M | 31.7M | 39.2M | 27.1M | |
Non Current Assets Total | 1.9B | 897.6M | 859.8M | 876.2M | 994.0M | 1.4B | |
Other Assets | 171K | 68K | 6.5M | 7.4M | 8.5M | 8.9M | |
Cash And Short Term Investments | 13.5M | 67.7M | 39.1M | 31.7M | 39.2M | 27.1M | |
Net Receivables | 101.8M | 93.6M | 98.9M | 107.9M | 125.4M | 114.0M | |
Good Will | 505.9M | 0.0 | 26.2M | 102.9M | 147.1M | 139.7M | |
Liabilities And Stockholders Equity | 2.0B | 1.1B | 1.0B | 1.0B | 1.2B | 1.5B | |
Non Current Liabilities Total | 788.1M | 645.2M | 546.0M | 534.4M | 534.6M | 540.5M | |
Inventory | 6.5M | 6.5M | 7.8M | 8.4M | 12.6M | 7.6M | |
Other Current Assets | 603K | 10.2M | 1.7M | 605K | 1.3M | 1.2M | |
Other Stockholder Equity | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.2B | |
Total Liab | 886.9M | 735.5M | 640.3M | 640.4M | 680.3M | 652.3M | |
Long Term Investments | 26.5M | 21.1M | 21.1M | 21.1M | 24.2M | 17.5M | |
Property Plant And Equipment Gross | 43.7M | 41.3M | 100.4M | 115.0M | 131.6M | 138.2M | |
Total Current Assets | 122.4M | 178.1M | 147.4M | 148.6M | 178.4M | 156.1M | |
Accumulated Other Comprehensive Income | (7.6M) | (6.8M) | (2.0M) | 951K | 1.1M | 1.1M | |
Short Term Debt | 31.4M | 7.8M | 8.9M | 14.1M | 23.1M | 22.1M | |
Intangible Assets | 1.3B | 835.2M | 769.4M | 707.1M | 669.2M | 985.4M | |
Common Stock | 668K | 674K | 692K | 662K | 659K | 626.1K | |
Property Plant Equipment | 60.6M | 41.3M | 43.0M | 45.2M | 52.0M | 40.2M | |
Non Currrent Assets Other | (26.9M) | (68K) | (60K) | (48K) | 21.0M | 22.0M | |
Non Current Liabilities Other | 43.8M | 38.2M | 57.5M | 76.2M | 65.7M | 44.0M | |
Short Long Term Debt Total | 642.7M | 583.9M | 466.3M | 472.4M | 483.2M | 447.9M | |
Retained Earnings | (367.1M) | (1.2B) | (1.2B) | (1.1B) | (1.0B) | (1.1B) | |
Long Term Debt | 611.3M | 576.1M | 457.4M | 458.2M | 460.1M | 432.6M | |
Common Stock Total Equity | 668K | 674K | 692K | 662K | 595.8K | 546K | |
Retained Earnings Total Equity | (367.1M) | (1.2B) | (1.2B) | (1.1B) | (1.0B) | (964.6M) | |
Long Term Debt Total | 611.3M | 576.1M | 457.4M | 458.2M | 412.4M | 443.4M | |
Capital Surpluse | 1.5B | 1.5B | 1.5B | 1.5B | 1.7B | 1.7B |
Pair Trading with Cars
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cars position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cars will appreciate offsetting losses from the drop in the long position's value.Moving together with Cars Stock
0.75 | LMPX | Lmp Automotive Holdings | PairCorr |
Moving against Cars Stock
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0.47 | CVNA | Carvana | PairCorr |
The ability to find closely correlated positions to Cars could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cars when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cars - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cars Inc to buy it.
The correlation of Cars is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cars moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cars Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cars can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cars Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Cars' price analysis, check to measure Cars' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cars is operating at the current time. Most of Cars' value examination focuses on studying past and present price action to predict the probability of Cars' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cars' price. Additionally, you may evaluate how the addition of Cars to your portfolios can decrease your overall portfolio volatility.
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Is Cars' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cars. If investors know Cars will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cars listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Earnings Share 1.74 | Revenue Per Share 10.326 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0316 |
The market value of Cars Inc is measured differently than its book value, which is the value of Cars that is recorded on the company's balance sheet. Investors also form their own opinion of Cars' value that differs from its market value or its book value, called intrinsic value, which is Cars' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cars' market value can be influenced by many factors that don't directly affect Cars' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cars' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cars is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cars' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.