Cars.com (NYSE:CARS) Insider Matthew Crawford Sells 27,358 Shares of Stock

Cars.com Inc. (NYSE:CARS) insider Matthew Crawford sold 27,358 shares of Cars.com stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total value of $329,116.74. Following the completion of the transaction, the insider owned 71,103 shares in the company, valued at approximately $855,369.09. This represents a 27.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Cars.com Trading Up 0.7%

CARS traded up $0.09 on Friday, hitting $12.21. 22,601 shares of the company were exchanged, compared to its average volume of 807,206. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a fifty day simple moving average of $11.28 and a two-hundred day simple moving average of $11.84. The stock has a market capitalization of $730.22 million, a PE ratio of 26.50 and a beta of 1.45. Cars.com Inc. has a 12 month low of $9.56 and a 12 month high of $19.60.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Cars.com had a net margin of 4.16% and a return on equity of 18.32%. The company had revenue of $181.57 million for the quarter, compared to analysts’ expectations of $181.37 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Cars.com Inc. will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC raised its holdings in Cars.com by 119.9% in the second quarter. CWM LLC now owns 4,227 shares of the company’s stock worth $50,000 after purchasing an additional 2,305 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Cars.com by 22.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after buying an additional 1,010 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Cars.com by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock worth $72,000 after buying an additional 1,279 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Cars.com by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Cars.com by 436.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock worth $94,000 after acquiring an additional 6,475 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cars.com in a report on Thursday, October 30th. UBS Group boosted their price target on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price target on Cars.com from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Zacks Research lowered Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, DA Davidson reissued a “buy” rating and set a $13.50 target price on shares of Cars.com in a research note on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.70.

About Cars.com

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.