Jr. Donald Mcgovern Sells 8,000 Shares of Cars.com (NYSE:CARS) Stock

Cars.com Inc. (NYSE:CARS) Director Jr. Donald Mcgovern sold 8,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $12.25, for a total value of $98,000.00. Following the completion of the transaction, the director owned 102,900 shares in the company, valued at $1,260,525. This represents a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cars.com Price Performance

NYSE CARS opened at $12.33 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $659.81 million, a PE ratio of 21.62 and a beta of 1.60. Cars.com Inc. has a 12-month low of $7.40 and a 12-month high of $13.97. The company has a 50 day moving average price of $11.53 and a two-hundred day moving average price of $10.35.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $179.93 million for the quarter, compared to analyst estimates of $180.53 million. Cars.com had a net margin of 4.73% and a return on equity of 18.82%. Cars.com’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. As a group, equities analysts predict that Cars.com Inc. will post 1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CARS. B. Riley Financial cut Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Friday, May 8th. Zacks Research raised Cars.com from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. UBS Group increased their price target on Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings raised Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.83.

Institutional Trading of Cars.com

A number of institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Cars.com by 487.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,315 shares of the company’s stock worth $1,953,000 after buying an additional 133,002 shares during the period. Kestrel Investment Management Corp acquired a new stake in shares of Cars.com during the fourth quarter worth $3,752,000. Renaissance Technologies LLC raised its holdings in shares of Cars.com by 77.9% during the first quarter. Renaissance Technologies LLC now owns 580,189 shares of the company’s stock worth $4,711,000 after acquiring an additional 253,991 shares during the period. Weiss Asset Management LP bought a new position in Cars.com during the 1st quarter worth about $1,055,000. Finally, LSV Asset Management lifted its holdings in shares of Cars.com by 83.3% in the fourth quarter. LSV Asset Management now owns 191,000 shares of the company’s stock valued at $2,330,000 after purchasing an additional 86,800 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

About Cars.com

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.