| CARS Stock | | | USD 19.87 0.17 0.86% |
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 Gross Profit and its Tax Provision 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 closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Gross Profit vs Tax Provision
Gross Profit vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cars Inc Gross Profit account and
Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cars' Gross Profit and Tax Provision is -0.39. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Cars Inc, assuming nothing else is changed. The correlation between historical values of Cars' Gross Profit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Cars Inc are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Gross Profit i.e., Cars' Gross Profit and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.39 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cars Inc minus its cost of goods sold. It is profit before Cars operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
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 closely tied 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 15.72 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
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Additional Tools for Cars Stock Analysis
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.