Key Points
- Insider sale: Matthew Crawford sold 27,358 shares on Dec. 2 at an average price of $12.03 for a total of $329,116.74, cutting his ownership by 27.79% to 71,103 shares (≈$855,369), as disclosed in an SEC filing.
- Company and market context: Cars.com shares traded at $12.21 (up 0.7%); the company reported quarterly EPS of $0.48 (missed consensus of $0.50) on $181.57M revenue, and analysts hold a consensus "Moderate Buy" rating with an average target of $17.70.
Cars.com Inc. (NYSE:CARS - Get Free Report) insider Matthew Crawford sold 27,358 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total value of $329,116.74. Following the completion of the sale, the insider directly owned 71,103 shares in the company, valued at approximately $855,369.09. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Cars.com Stock Up 0.7%
CARS stock traded up $0.09 during trading on Friday, hitting $12.21. 22,601 shares of the stock traded hands, compared to its average volume of 807,206. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $730.22 million, a price-to-earnings ratio of 26.50 and a beta of 1.45. Cars.com Inc. has a 1 year low of $9.56 and a 1 year high of $19.60. The firm's 50 day moving average is $11.28 and its two-hundred day moving average is $11.84.
Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). Cars.com had a net margin of 4.16% and a return on equity of 18.32%. The firm had revenue of $181.57 million for the quarter, compared to analysts' expectations of $181.37 million. During the same quarter in the previous year, the company earned $0.41 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current year.
Institutional Investors Weigh In On Cars.com
Institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Cars.com by 2.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,069 shares of the company's stock worth $487,000 after acquiring an additional 794 shares during the period. PNC Financial Services Group Inc. boosted its stake in Cars.com by 22.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company's stock worth $61,000 after purchasing an additional 1,010 shares during the period. GAMMA Investing LLC grew its holdings in Cars.com by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,898 shares of the company's stock valued at $72,000 after buying an additional 1,279 shares in the last quarter. iSAM Funds UK Ltd raised its position in shares of Cars.com by 12.3% during the third quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company's stock valued at $153,000 after buying an additional 1,367 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Cars.com by 3.3% in the third quarter. Vident Advisory LLC now owns 43,023 shares of the company's stock worth $526,000 after buying an additional 1,386 shares in the last quarter. 89.15% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CARS has been the topic of several research analyst reports. DA Davidson restated a "buy" rating and set a $13.50 target price on shares of Cars.com in a research note on Tuesday, November 18th. B. Riley reissued a "buy" rating and set a $22.00 price objective (up from $21.00) on shares of Cars.com in a report on Friday, August 8th. JPMorgan Chase & Co. raised their target price on shares of Cars.com from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Wall Street Zen upgraded Cars.com from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.70.
View Our Latest Stock Report on Cars.com
Cars.com Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
