Insider Selling: Cars.com (NYSE:CARS) CFO Sells $322,859.29 in Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 34,021 shares of Cars.com stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.49, for a total value of $322,859.29. Following the transaction, the chief financial officer owned 312,833 shares of the company’s stock, valued at $2,968,785.17. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

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

Cars.com Trading Down 2.9%

Cars.com stock opened at $9.84 on Thursday. Cars.com Inc. has a 52 week low of $7.40 and a 52 week high of $13.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market capitalization of $549.94 million, a P/E ratio of 22.88 and a beta of 1.60. The stock has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $10.58.

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

Institutional Investors Weigh In On Cars.com

A number of institutional investors have recently modified their holdings of CARS. Pale Fire Capital SE grew its stake in shares of Cars.com by 498.1% in the first quarter. Pale Fire Capital SE now owns 3,956,618 shares of the company’s stock valued at $32,128,000 after acquiring an additional 3,295,117 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cars.com by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,401,523 shares of the company’s stock valued at $27,620,000 after purchasing an additional 262,443 shares during the period. Par Capital Management Inc. boosted its holdings in Cars.com by 31.0% in the 4th quarter. Par Capital Management Inc. now owns 2,697,648 shares of the company’s stock valued at $32,911,000 after purchasing an additional 639,000 shares during the period. Hill Path Capital LP grew its position in shares of Cars.com by 23.2% during the 3rd quarter. Hill Path Capital LP now owns 2,481,032 shares of the company’s stock worth $30,318,000 after purchasing an additional 468,000 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Cars.com by 13.0% during the 3rd quarter. American Century Companies Inc. now owns 1,203,622 shares of the company’s stock worth $14,708,000 after purchasing an additional 138,229 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

Analysts Set New Price Targets

CARS has been the subject of a number of research analyst reports. BTIG Research lifted their price target on 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 Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Friday, May 8th. UBS Group raised their price objective on shares of Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. DA Davidson restated a “buy” rating and set a $13.00 price objective on shares of Cars.com in a research report on Monday, April 13th. Finally, Zacks Research downgraded shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cars.com currently has a consensus rating of “Hold” and an average price target of $14.67.

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.