Cars.com Inc. (NYSE:CARS) CRO Douglas Neal Miller sold 3,371 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $8.62, for a total value of $29,058.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Cars.com stock traded up $0.97 during midday trading on Wednesday, reaching $9.43. The company’s stock had a trading volume of 15,006 shares, compared to its average volume of 940,970. Cars.com Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $13.55. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.49 and a current ratio of 1.49. The stock’s 50 day simple moving average is $8.54 and its 200 day simple moving average is $6.43. The firm has a market capitalization of $574.56 million, a PE ratio of -0.50 and a beta of 2.16.
Cars.com (NYSE:CARS) last released its earnings results on Thursday, July 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.78. Cars.com had a positive return on equity of 11.67% and a negative net margin of 224.10%. The company had revenue of $102.01 million during the quarter, compared to the consensus estimate of $94.32 million. Equities analysts predict that Cars.com Inc. will post 1.07 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Stone Ridge Asset Management LLC lifted its holdings in Cars.com by 55.4% in the second quarter. Stone Ridge Asset Management LLC now owns 21,600 shares of the company’s stock valued at $124,000 after acquiring an additional 7,700 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Cars.com in the first quarter valued at $175,000. Spark Investment Management LLC lifted its holdings in Cars.com by 110.2% in the first quarter. Spark Investment Management LLC now owns 63,700 shares of the company’s stock valued at $273,000 after acquiring an additional 33,400 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Cars.com by 19.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,181,778 shares of the company’s stock valued at $9,382,000 after buying an additional 351,662 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Cars.com by 10.1% in the first quarter. Gamco Investors INC. ET AL now owns 38,000 shares of the company’s stock valued at $163,000 after buying an additional 3,500 shares in the last quarter. 96.76% of the stock is owned by institutional investors.
CARS has been the subject of several research analyst reports. B. Riley initiated coverage on Cars.com in a report on Friday, June 19th. They issued a “hold” rating and a $7.50 price objective for the company. Zacks Investment Research raised Cars.com from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Wednesday, August 5th. Barrington Research reaffirmed a “buy” rating and set a $16.00 price target on shares of Cars.com in a report on Monday, July 27th. ValuEngine downgraded Cars.com from a “sell” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, BTIG Research reaffirmed a “buy” rating and set a $10.00 price target on shares of Cars.com in a report on Thursday, July 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.46.
Cars.com Company Profile
Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.
Featured Story: Balanced Fund
Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.