Cars.com (NYSE:CARS) Insider Sells $692,281.20 in Stock

Cars.com Inc. (NYSE:CARS) insider Angelique Strong Marks sold 57,980 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $11.94, for a total transaction of $692,281.20. Following the transaction, the insider owned 149,636 shares in the company, valued at $1,786,653.84. This represents a 27.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cars.com Stock Performance

CARS opened at $12.22 on Friday. The company has a market capitalization of $654.14 million, a price-to-earnings ratio of 21.44 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.00 and a quick ratio of 2.00. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97. The business has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $10.34.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Cars.com had a return on equity of 18.82% and a net margin of 4.73%.The firm had revenue of $179.93 million during the quarter, compared to analyst estimates of $180.53 million. During the same period last year, the company posted $0.41 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Research analysts predict that Cars.com Inc. will post 1.61 EPS for the current fiscal year.

Institutional Trading of Cars.com

A number of hedge funds have recently bought and sold shares of CARS. Pale Fire Capital SE boosted its holdings in shares of Cars.com by 1.3% in the second quarter. Pale Fire Capital SE now owns 4,008,218 shares of the company’s stock worth $43,850,000 after buying an additional 51,600 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Cars.com by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,401,523 shares of the company’s stock valued at $27,620,000 after acquiring an additional 262,443 shares in the last quarter. Par Capital Management Inc. boosted its stake in Cars.com by 31.0% in the 4th quarter. Par Capital Management Inc. now owns 2,697,648 shares of the company’s stock worth $32,911,000 after purchasing an additional 639,000 shares during the period. JPMorgan Chase & Co. boosted its stake in Cars.com by 112.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,127,095 shares of the company’s stock worth $13,751,000 after purchasing an additional 595,609 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Cars.com by 23.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,057,322 shares of the company’s stock worth $12,920,000 after purchasing an additional 198,077 shares in the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CARS. UBS Group lifted their target price on Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on shares of Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. B. Riley Financial downgraded shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Friday, May 8th. Finally, Zacks Research raised shares of Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Cars.com currently has an average rating of “Hold” and an average price target of $14.83.

About Cars.com

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.