Key Points
- Cars.com insider Angelique Strong Marks sold 57,980 shares at an average price of $11.94, generating $692,281.20. The sale reduced her ownership by 27.93%, leaving her with 149,636 shares.
- Cars.com reported quarterly EPS of $0.51, matching analyst estimates, while revenue reached $179.93 million, up 0.7% year over year but slightly below expectations.
- Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $14.83; institutional investors and hedge funds own 89.15% of the company.
Cars.com Inc. (NYSE:CARS - Get Free Report) insider Angelique Strong Marks sold 57,980 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $11.94, for a total transaction of $692,281.20. Following the completion of the transaction, the insider owned 149,636 shares in the company, valued at $1,786,653.84. The trade was a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Cars.com Stock Performance
Cars.com stock opened at $12.48 on Thursday. The firm has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $10.32. The stock has a market cap of $667.84 million, a price-to-earnings ratio of 21.89 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.00 and a quick ratio of 2.00. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97.
Cars.com (NYSE:CARS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Cars.com had a return on equity of 18.82% and a net margin of 4.73%.The company had revenue of $179.93 million during the quarter, compared to analyst estimates of $180.53 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts expect that Cars.com Inc. will post 1.61 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. B. Riley Financial lowered shares of Cars.com from a "buy" rating to a "neutral" rating and set a $13.00 price objective on the stock. in a report on Friday, May 8th. Zacks Research raised shares of Cars.com from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. UBS Group lifted their price target on shares of Cars.com from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. BTIG Research reissued a "buy" rating and issued a $14.00 price target on shares of Cars.com in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Cars.com from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $14.83.
View Our Latest Report on CARS
Hedge Funds Weigh In On Cars.com
Several hedge funds have recently bought and sold shares of the company. Pale Fire Capital SE lifted its position in shares of Cars.com by 498.1% during the first quarter. Pale Fire Capital SE now owns 3,956,618 shares of the company's stock worth $32,128,000 after purchasing an additional 3,295,117 shares in the last quarter. Par Capital Management Inc. acquired a new position in shares of Cars.com during the second quarter worth about $14,220,000. Breach Inlet Capital Management LLC acquired a new position in shares of Cars.com during the fourth quarter worth about $8,899,000. JPMorgan Chase & Co. increased its stake in shares of Cars.com by 112.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,127,095 shares of the company's stock worth $13,751,000 after buying an additional 595,609 shares during the period. Finally, Bridgeway Capital Management LLC acquired a new stake in Cars.com in the second quarter valued at approximately $3,776,000. Institutional investors and hedge funds 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.
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