Insider Buying: Cars.com Inc. (NYSE:CARS) Director Acquires $95,703.68 in Stock

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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.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund grew its holdings in shares of Cars.com by 2.0% in the first quarter. Texas Permanent School Fund now owns 42,099 shares of the company’s stock worth $960,000 after acquiring an additional 819 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Cars.com by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,294 shares of the company’s stock worth $350,000 after acquiring an additional 963 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Cars.com by 7.4% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,000 shares of the company’s stock worth $316,000 after acquiring an additional 1,100 shares during the period. Rhumbline Advisers grew its holdings in shares of Cars.com by 0.5% in the first quarter. Rhumbline Advisers now owns 209,353 shares of the company’s stock worth $4,773,000 after acquiring an additional 1,126 shares during the period. Finally, Sicart Associates LLC grew its holdings in shares of Cars.com by 0.8% in the first quarter. Sicart Associates LLC now owns 177,330 shares of the company’s stock worth $4,043,000 after acquiring an additional 1,370 shares during the period.

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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