Cars.com Inc. (NYSE:CARS) Director Jr. Donald A. Mcgovern acquired 10,448 shares of Cars.com stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $9.16 per share, with a total value of $95,703.68. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Cars.com stock opened at $9.03 on Friday. The firm has a market cap of $634.05 million, a price-to-earnings ratio of 6.18, a PEG ratio of 1.42 and a beta of 0.69. The stock has a fifty day simple moving average of $17.93 and a two-hundred day simple moving average of $21.42. Cars.com Inc. has a 12 month low of $8.71 and a 12 month high of $28.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41.
Cars.com (NYSE:CARS) last posted its earnings results on Monday, August 5th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The business had revenue of $148.20 million during the quarter, compared to the consensus estimate of $160.18 million. Cars.com had a return on equity of 6.51% and a net margin of 1.59%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. On average, equities research analysts forecast that Cars.com Inc. will post 1.34 EPS for the current fiscal year.
A number of research firms have commented on CARS. ValuEngine lowered Cars.com from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 6th. Barrington Research lowered Cars.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. TheStreet lowered Cars.com from a “c” rating to a “d” rating in a report on Monday, August 5th. Zacks Investment Research lowered Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, B. Riley reduced their target price on Cars.com from $31.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Cars.com presently has an average rating of “Hold” and a consensus price target of $24.31.
Cars.com Company Profile
Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.
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