VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Cars.com Inc. $CARS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Cars.com Inc. (NYSE:CARS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 102,200 shares of the company’s stock, valued at approximately $1,118,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.19% of Cars.com at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in Cars.com in the second quarter valued at $26,000. BNP Paribas Financial Markets raised its stake in shares of Cars.com by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $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% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after buying an additional 6,475 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Cars.com in the third quarter worth about $100,000. Finally, State of Wyoming purchased a new stake in shares of Cars.com in the second quarter worth about $115,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Cars.com Stock Performance

Shares of NYSE:CARS opened at $11.59 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.00 and a quick ratio of 2.00. Cars.com Inc. has a 1 year low of $7.40 and a 1 year high of $13.85. The firm has a market capitalization of $620.36 million, a PE ratio of 20.33 and a beta of 1.59. The business’s 50 day moving average price is $11.83 and its 200-day moving average price is $10.41.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Cars.com had a return on equity of 18.82% and a net margin of 4.73%.The firm had revenue of $179.93 million during the quarter, compared to the consensus estimate of $180.53 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Cars.com Inc. will post 1.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Cars.com from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Zacks Research upgraded shares of Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, BTIG Research reissued a “buy” rating and set a $14.00 target price on shares of Cars.com in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Cars.com has a consensus rating of “Hold” and a consensus target price of $14.83.

Insider Transactions at Cars.com

In other news, insider Angelique Marks sold 57,980 shares of the firm’s stock in a transaction dated 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 directly owned 149,636 shares of the company’s stock, valued at approximately $1,786,653.84. This trade represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Donald McGovern sold 8,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $12.25, for a total transaction of $98,000.00. Following the transaction, the director owned 102,900 shares in the company, valued at $1,260,525. The trade was a 7.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.36% of the stock is owned by corporate insiders.

Cars.com 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.