Cars.com (NYSE:CARS) Director Jr. Donald Mcgovern Sells 8,000 Shares of Stock

Cars.com Inc. (NYSE:CARS) Director Jr. Donald Mcgovern sold 8,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $12.25, for a total value of $98,000.00. Following the transaction, the director owned 102,900 shares in the company, valued at approximately $1,260,525. This represents a 7.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cars.com Trading Up 1.0%

NYSE CARS opened at $12.35 on Tuesday. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a 50 day simple moving average of $11.49 and a two-hundred day simple moving average of $10.35. The stock has a market cap of $660.93 million, a P/E ratio of 21.66 and a beta of 1.60.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Cars.com by 487.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,315 shares of the company’s stock worth $1,953,000 after purchasing an additional 133,002 shares in the last quarter. Kestrel Investment Management Corp bought a new position in Cars.com during the 4th quarter valued at approximately $3,752,000. Renaissance Technologies LLC increased its position in Cars.com by 77.9% during the 1st quarter. Renaissance Technologies LLC now owns 580,189 shares of the company’s stock valued at $4,711,000 after buying an additional 253,991 shares in the last quarter. Weiss Asset Management LP purchased a new position in Cars.com during the first quarter valued at $1,055,000. Finally, LSV Asset Management raised its stake in Cars.com by 83.3% during the fourth quarter. LSV Asset Management now owns 191,000 shares of the company’s stock valued at $2,330,000 after buying an additional 86,800 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CARS shares. JPMorgan Chase & Co. raised their target price on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BTIG Research reissued a “buy” rating and issued a $14.00 price target on shares of Cars.com in a research note on Thursday, August 6th. B. Riley Financial lowered shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Friday, May 8th. Zacks Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, UBS Group increased their target price on Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.