Key Points
- Cars.com CFO Sonia Jain sold 34,021 shares on June 12 at an average price of $9.49, for proceeds of about $322,859. The sale reduced her direct ownership by 9.81% to 312,833 shares.
- Jain also sold 52,579 shares the previous day at an average price of $9.56, indicating a notable recent stretch of insider selling at the company.
- Cars.com shares were trading up 2.6% to $9.72, while the company recently reported earnings below expectations at $0.45 per share versus $0.48 expected. Analysts currently have a consensus Moderate Buy rating with an average target price of $14.67.
Cars.com Inc. (NYSE:CARS - Get Free Report) CFO Sonia Jain sold 34,021 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.49, for a total transaction of $322,859.29. Following the sale, the chief financial officer directly owned 312,833 shares of the company's stock, valued at approximately $2,968,785.17. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Sonia Jain also recently made the following trade(s):
- On Thursday, June 11th, Sonia Jain sold 52,579 shares of Cars.com stock. The stock was sold at an average price of $9.56, for a total transaction of $502,655.24.
Cars.com Trading Up 2.6%
CARS opened at $9.72 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market cap of $543.57 million, a price-to-earnings ratio of 22.61 and a beta of 1.60. The firm has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $10.61. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97.
Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The business had revenue of $180.22 million for the quarter, compared to the consensus estimate of $180.16 million. Cars.com had a return on equity of 18.12% and a net margin of 3.73%.The company's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. On average, sell-side analysts anticipate that Cars.com Inc. will post 1.59 earnings per share for the current year.
Analysts Set New Price Targets
CARS has been the subject of several recent analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $13.00 target price on shares of Cars.com in a research note on Monday, April 13th. BTIG Research upped their target price on shares of Cars.com from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped 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. UBS Group upped their target price on shares of Cars.com from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Finally, B. Riley Financial downgraded shares of Cars.com from a "buy" rating to a "neutral" rating and set a $13.00 target price for the company. in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.67.
View Our Latest Analysis on Cars.com
Institutional Investors Weigh In On Cars.com
Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings 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 buying an additional 1,623 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Cars.com by 436.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company's stock valued at $94,000 after buying an additional 6,475 shares during the period. Virtus Advisers LLC acquired a new position in shares of Cars.com in the third quarter valued at approximately $100,000. State of Wyoming acquired a new position in shares of Cars.com in the second quarter valued at approximately $115,000. Finally, AXA S.A. acquired a new position in shares of Cars.com in the second quarter valued at approximately $126,000. Institutional investors own 89.15% of the company's stock.
Cars.com Company Profile
(
Get Free Report)
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.
Featured Stories
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].
