Key Points
- Insider Lisa Gosselin sold 22,888 Cars.com shares at an average $13.25, for $303,266; she retained 186,567 shares after the sale.
- Cars.com beat quarterly earnings estimates, reporting $0.58 per share versus $0.54 expected, while revenue of $181.88 million came in slightly below forecasts. Revenue rose 0.2% year over year.
- Analysts’ consensus rating is Hold, with an average price target of $15.07; recommendations ranged from Buy to Hold.
Cars.com Inc. (NYSE:CARS - Get Free Report) insider Lisa Gosselin sold 22,888 shares of Cars.com stock in a transaction on Monday, November 9th. The shares were sold at an average price of $13.25, for a total value of $303,266.00. Following the completion of the transaction, the insider directly owned 186,567 shares of the company's stock, valued at $2,472,012.75. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Cars.com Stock Performance
NYSE:CARS opened at $12.87 on Friday. The stock has a fifty day moving average price of $11.07 and a 200-day moving average price of $10.62. The company has a market cap of $670.01 million, a price-to-earnings ratio of 8.53 and a beta of 1.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.03 and a current ratio of 2.03. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $14.02.
Cars.com (NYSE:CARS - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. The company had revenue of $181.88 million for the quarter, compared to analysts' expectations of $183.05 million. Cars.com had a return on equity of 19.86% and a net margin of 5.92%. Cars.com's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. As a group, equities analysts anticipate that Cars.com Inc. will post 1.61 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. B. Riley Financial increased their price objective on shares of Cars.com from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, November 6th. BTIG Research boosted their target price on shares of Cars.com from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, November 5th. Zacks Research downgraded shares of Cars.com from a "strong-buy" rating to a "hold" rating in a report on Monday. Barclays assumed coverage on shares of Cars.com in a research report on Thursday. They set an "equal weight" rating and a $14.00 price target on the stock. Finally, UBS Group decreased their price objective on shares of Cars.com from $13.00 to $11.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $15.07.
Check Out Our Latest Research Report on CARS
Hedge Funds Weigh In On Cars.com
Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of Cars.com during the 2nd quarter worth $26,000. Royce & Associates LP boosted its stake in Cars.com by 3.1% in the third quarter. Royce & Associates LP now owns 111,306 shares of the company's stock valued at $1,143,000 after buying an additional 3,312 shares in the last quarter. Kendall Capital Management boosted its stake in Cars.com by 19.1% in the third quarter. Kendall Capital Management now owns 21,500 shares of the company's stock valued at $221,000 after buying an additional 3,450 shares in the last quarter. Versant Capital Management Inc grew its position in Cars.com by 250.1% in the third quarter. Versant Capital Management Inc now owns 5,356 shares of the company's stock valued at $55,000 after acquiring an additional 3,826 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Cars.com by 15.0% in the first quarter. First Trust Advisors LP now owns 35,306 shares of the company's stock valued at $287,000 after acquiring an additional 4,592 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company's stock.
Cars.com Company Profile
(
Get Free Report)
Cars.com Inc. operates a digital automotive marketplace that connects people shopping for new and used vehicles with dealerships. Its Cars.com platform provides vehicle listings, research tools, reviews and information to help consumers compare cars and find local sellers. The company also offers products and services for automotive dealers, including digital marketing, website development, inventory and customer-management tools, and vehicle appraisal solutions. Its brands include Dealer Inspire, DealerRater and AccuTrade.
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