Cars.com (NYSE:CARS) CFO Sells $502,655.24 in Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 52,579 shares of Cars.com stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $9.56, for a total value of $502,655.24. Following the completion of the sale, the chief financial officer owned 346,854 shares in the company, valued at $3,315,924.24. This represents a 13.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, June 12th, Sonia Jain sold 34,021 shares of Cars.com stock. The stock was sold at an average price of $9.49, for a total value of $322,859.29.

Cars.com Trading Up 2.6%

Shares of NYSE:CARS traded up $0.24 during midday trading on Monday, reaching $9.72. 659,063 shares of the company’s stock were exchanged, compared to its average volume of 1,140,222. The stock has a market cap of $543.57 million, a price-to-earnings ratio of 22.61 and a beta of 1.60. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97. The firm’s 50 day simple moving average is $10.10 and its two-hundred day simple moving average is $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.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on CARS shares. BTIG Research boosted their target price on Cars.com from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Friday, February 27th. B. Riley Financial downgraded 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, DA Davidson reissued a “buy” rating and set a $13.00 target price on shares of Cars.com in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

Institutional Trading of Cars.com

A number of large investors have recently made changes to their positions in CARS. BNP Paribas Financial Markets increased its stake in shares of Cars.com by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after buying an additional 1,623 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Cars.com by 436.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after purchasing an additional 6,475 shares in the last quarter. Virtus Advisers LLC acquired a new position in Cars.com in the third quarter valued at approximately $100,000. State of Wyoming acquired a new position in Cars.com in the second quarter valued at approximately $115,000. Finally, AXA S.A. acquired a new position in Cars.com in the second quarter valued at approximately $126,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

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.