Globeflex Capital L P Takes $1.34 Million Position in Cars.com Inc. $CARS

Globeflex Capital L P acquired a new position in Cars.com Inc. (NYSE:CARS) during the second quarter, Holdings Channel reports. The firm acquired 122,940 shares of the company’s stock, valued at approximately $1,345,000.

Several other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets grew its position in Cars.com by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after buying an additional 1,623 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Cars.com by 436.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after purchasing an additional 6,475 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of Cars.com in the 3rd quarter valued at $100,000. State of Wyoming acquired a new position in shares of Cars.com in the 2nd quarter valued at $115,000. Finally, AXA S.A. purchased a new position in Cars.com in the 2nd quarter worth about $126,000. Institutional investors own 89.15% of the company’s stock.

Insider Buying and Selling at Cars.com

In other news, insider Angelique Strong Marks sold 57,980 shares of Cars.com stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $11.94, for a total value of $692,281.20. Following the transaction, the insider owned 149,636 shares of the company’s stock, valued at $1,786,653.84. This trade represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sonia Jain sold 52,579 shares of Cars.com stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $9.56, for a total transaction of $502,655.24. Following the completion of the transaction, the chief financial officer owned 346,854 shares in the company, valued at $3,315,924.24. This trade represents a 13.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 152,580 shares of company stock worth $1,615,796 over the last 90 days. Insiders own 3.36% of the company’s stock.

Cars.com Stock Up 1.0%

Cars.com stock opened at $12.35 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97. The firm’s fifty day simple moving average is $11.49 and its 200-day simple moving average is $10.35. The company has a market capitalization of $660.93 million, a P/E ratio of 21.66 and a beta of 1.60.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $179.93 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $0.41 earnings per share. Sell-side analysts forecast that Cars.com Inc. will post 1.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group boosted their target price on shares of Cars.com from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their price target on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a 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 price objective on the stock. in a research report on Friday, May 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $14.00 target price on shares of Cars.com in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.83.

Cars.com Company Profile

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.