Sonia Jain Sells 34,021 Shares of Cars.com (NYSE:CARS) Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 34,021 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.49, for a total transaction of $322,859.29. Following the completion of the transaction, the chief financial officer owned 312,833 shares of the company’s stock, valued at $2,968,785.17. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sonia Jain also recently made the following trade(s):

• On Thursday, June 11th, Sonia Jain sold 52,579 shares of Cars.com stock. The shares were sold at an average price of $9.56, for a total transaction of $502,655.24.

Cars.com Price Performance

Shares of Cars.com stock traded up $0.24 on Monday, hitting $9.72. The company had a trading volume of 659,063 shares, compared to its average volume of 1,140,222. The business has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $10.62. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market cap of $543.57 million, a PE ratio of 22.61 and a beta of 1.60. Cars.com Inc. has a 52 week low of $7.40 and a 52 week high of $13.97.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $180.22 million during the quarter, compared to the consensus estimate of $180.16 million. Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. Research analysts expect that Cars.com Inc. will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CARS shares. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Friday, February 27th. UBS Group raised their target price on shares of Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BTIG Research raised their target price on shares of Cars.com from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. B. Riley Financial cut shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price target 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cars.com presently has an average rating of “Moderate Buy” and an average price target of $14.67.

Institutional Investors Weigh In On Cars.com

Hedge funds have recently made changes to their positions in the company. Inspire Investing LLC raised its holdings in shares of Cars.com by 3.0% during the 4th quarter. Inspire Investing LLC now owns 38,273 shares of the company’s stock valued at $467,000 after purchasing an additional 1,119 shares in the last quarter. iSAM Funds UK Ltd grew its stake in Cars.com by 12.3% in the 3rd quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock valued at $153,000 after buying an additional 1,367 shares during the last quarter. Vident Advisory LLC raised its holdings in Cars.com by 3.3% in the 3rd quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock worth $526,000 after acquiring an additional 1,386 shares during the period. BNP Paribas Financial Markets raised its holdings in 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 during the period. Finally, State of Tennessee Department of Treasury raised its holdings in Cars.com by 5.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 36,904 shares of the company’s stock worth $419,000 after acquiring an additional 1,859 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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.