Cars.com’s (CARS) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Cars.com (NYSE:CARS) in a research report sent to investors on Monday morning, Benzinga reports. Barrington Research currently has a $25.00 price objective on the stock.

Cars.com Price Performance

Shares of NYSE CARS opened at $17.38 on Monday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.05 and a beta of 2.05. Cars.com has a 12 month low of $14.82 and a 12 month high of $22.84. The firm’s 50 day simple moving average is $17.18 and its 200-day simple moving average is $17.85. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.22.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, February 22nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The company had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $178.40 million. Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Analysts expect that Cars.com will post 0.55 EPS for the current year.

Insider Activity

In other news, CEO Thomas Alex Vetter sold 17,666 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.00, for a total value of $335,654.00. Following the completion of the sale, the chief executive officer now owns 568,885 shares of the company’s stock, valued at $10,808,815. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Douglas Neal Miller sold 1,823 shares of Cars.com stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total transaction of $33,725.50. Following the transaction, the insider now directly owns 181,596 shares of the company’s stock, valued at $3,359,526. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas Alex Vetter sold 17,666 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.00, for a total transaction of $335,654.00. Following the sale, the chief executive officer now owns 568,885 shares in the company, valued at $10,808,815. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,488 shares of company stock valued at $654,361. Company insiders own 2.12% of the company’s stock.

Institutional Investors Weigh In On Cars.com

Several hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in Cars.com by 118.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock worth $31,000 after acquiring an additional 896 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Cars.com by 103.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,073 shares of the company’s stock worth $39,000 after purchasing an additional 1,056 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Cars.com by 109.1% during the 4th quarter. Wolverine Asset Management LLC now owns 3,749 shares of the company’s stock valued at $71,000 after purchasing an additional 45,000 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Cars.com in the 4th quarter worth about $119,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Cars.com during the 4th quarter valued at $144,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Cars.com Company Profile

Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.