Key Points
- Cars.com director Jr. Donald Mcgovern sold 8,000 shares at an average price of $12.25, generating $98,000 and reducing his direct ownership by 7.21% to 102,900 shares.
- Cars.com’s latest quarterly results matched the consensus EPS estimate of $0.51, while revenue rose 0.7% year over year to $179.93 million, slightly below expectations.
- Institutional investors own 89.15% of the company, while analysts maintain a consensus “Hold” rating with an average price target of $14.83; the stock recently traded near $12.35.
Cars.com Inc. (NYSE:CARS - Get Free Report) Director Jr. Donald Mcgovern sold 8,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $12.25, for a total transaction of $98,000.00. Following the sale, the director directly owned 102,900 shares in the company, valued at $1,260,525. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Cars.com Stock Up 1.0%
NYSE:CARS opened at $12.35 on Tuesday. The firm has a market cap of $660.93 million, a P/E ratio of 21.66 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.00. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97. The firm has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $10.35.
Cars.com (NYSE:CARS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Cars.com had a net margin of 4.73% and a return on equity of 18.82%. The firm had revenue of $179.93 million for the quarter, compared to the consensus estimate of $180.53 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business's revenue was up .7% on a year-over-year basis. Analysts predict that Cars.com Inc. will post 1.61 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cars.com
Several institutional investors and hedge funds have recently added to or reduced their stakes in CARS. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Cars.com by 487.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,315 shares of the company's stock worth $1,953,000 after purchasing an additional 133,002 shares during the period. Kestrel Investment Management Corp bought a new position in shares of Cars.com during the 4th quarter valued at $3,752,000. Renaissance Technologies LLC lifted its holdings in shares of Cars.com by 77.9% during the 1st quarter. Renaissance Technologies LLC now owns 580,189 shares of the company's stock valued at $4,711,000 after buying an additional 253,991 shares during the period. Weiss Asset Management LP purchased a new position in shares of Cars.com in the 1st quarter worth $1,055,000. Finally, LSV Asset Management boosted its stake in shares of Cars.com by 83.3% in the 4th quarter. LSV Asset Management now owns 191,000 shares of the company's stock worth $2,330,000 after buying an additional 86,800 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on CARS. Weiss Ratings upgraded Cars.com from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. UBS Group boosted their price target on Cars.com from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Zacks Research raised Cars.com from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. B. Riley Financial cut Cars.com from a "buy" rating to a "neutral" rating and set a $13.00 price objective on the stock. in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Cars.com from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Cars.com has a consensus rating of "Hold" and an average target price of $14.83.
Get Our Latest Research Report on Cars.com
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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