Cars.com Inc. (NYSE:CARS - Get Free Report) Director Jenell Ross acquired 1,995 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $7.56 per share, with a total value of $15,082.20. Following the purchase, the director owned 69,478 shares of the company's stock, valued at approximately $525,253.68. This trade represents a 2.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Cars.com Price Performance
Shares of CARS opened at $7.64 on Tuesday. 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 moving average price is $10.66 and its 200 day moving average price is $11.54. The company has a market cap of $448.01 million, a P/E ratio of 23.88 and a beta of 1.50. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.96.
Cars.com (NYSE:CARS - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.12). Cars.com had a return on equity of 17.31% and a net margin of 2.77%.The business had revenue of $183.90 million for the quarter, compared to analyst estimates of $183.44 million. During the same quarter last year, the company earned $0.49 earnings per share. Cars.com's quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cars.com
Several large investors have recently bought and sold shares of CARS. GAMMA Investing LLC raised its stake in Cars.com by 27.7% in the third 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. BNP Paribas Financial Markets lifted its holdings in Cars.com by 30.0% during the 2nd 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 last quarter. Tower Research Capital LLC TRC boosted its position in shares of Cars.com by 436.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company's stock worth $94,000 after acquiring 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 shares of Cars.com in the 2nd quarter valued at about $115,000. Hedge funds and other institutional investors own 89.15% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on CARS shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $10.00 target price (down from $16.00) on shares of Cars.com in a report on Friday, February 27th. BTIG Research lowered their target price on Cars.com from $17.00 to $13.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Zacks Research downgraded Cars.com from a "hold" rating to a "strong sell" rating in a report on Monday, March 9th. UBS Group lifted their price objective on Cars.com from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, January 14th. Finally, Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a research note on Friday, February 27th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Cars.com currently has a consensus rating of "Hold" and a consensus target price of $16.08.
Check Out Our Latest Report on CARS
Cars.com Company Profile
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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.
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