Cars.com (NYSE:CARS) Insider Angelique Strong Marks Sells 57,980 Shares of Stock

Cars.com Inc. (NYSE:CARS) insider Angelique Strong Marks sold 57,980 shares of Cars.com stock in a transaction 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 completion of the transaction, the insider directly owned 149,636 shares of the company’s stock, valued at $1,786,653.84. The trade was a 27.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cars.com Trading Up 5.1%

CARS stock opened at $12.48 on Thursday. The company’s 50-day simple moving average is $11.33 and its 200-day simple moving average is $10.32. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.01. Cars.com Inc. has a 52-week low of $7.40 and a 52-week high of $13.97. The firm has a market cap of $667.84 million, a P/E ratio of 21.89 and a beta of 1.60.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $179.93 million for 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 company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. As a group, equities analysts forecast that Cars.com Inc. will post 1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Cars.com

Several hedge funds and other institutional investors have recently modified their holdings of CARS. Pale Fire Capital SE lifted its stake in Cars.com by 498.1% in the 1st quarter. Pale Fire Capital SE now owns 3,956,618 shares of the company’s stock worth $32,128,000 after purchasing an additional 3,295,117 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cars.com by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,401,523 shares of the company’s stock worth $27,620,000 after buying an additional 262,443 shares in the last quarter. Par Capital Management Inc. boosted its stake in Cars.com by 31.0% during the fourth quarter. Par Capital Management Inc. now owns 2,697,648 shares of the company’s stock worth $32,911,000 after buying an additional 639,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Cars.com by 112.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,127,095 shares of the company’s stock worth $13,751,000 after buying an additional 595,609 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Cars.com by 23.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,057,322 shares of the company’s stock valued at $12,920,000 after buying 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

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