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 dated Monday, August 17th. The stock was sold at an average price of $11.94, for a total value of $692,281.20. Following the sale, the insider directly owned 149,636 shares of the company’s stock, valued at $1,786,653.84. This trade represents a 27.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cars.com Stock Performance

NYSE CARS traded up $0.61 on Wednesday, hitting $12.48. 470,277 shares of the company’s stock traded hands, compared to its average volume of 1,022,182. The firm’s 50-day moving average price is $11.27 and its two-hundred day moving average price is $10.32. The firm has a market capitalization of $667.84 million, a PE ratio of 21.89 and a beta of 1.60. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97.

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

Hedge Funds Weigh In On Cars.com

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in Cars.com during the second quarter valued at $26,000. BNP Paribas Financial Markets grew its position in shares of Cars.com by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after purchasing an additional 1,623 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Cars.com by 436.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock worth $94,000 after purchasing an additional 6,475 shares in the last quarter. Virtus Advisers LLC acquired a new position in shares of Cars.com during the 3rd quarter worth about $100,000. Finally, State of Wyoming purchased a new position in Cars.com in the 2nd quarter valued at about $115,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on CARS shares. Zacks Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. BTIG Research reaffirmed a “buy” rating and set a $14.00 price objective on shares of Cars.com in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Finally, UBS Group increased their price target on shares of Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.