Angelique Strong Marks Sells 57,980 Shares of Cars.com (NYSE:CARS) Stock

Cars.com Inc. (NYSE:CARS) insider Angelique Strong Marks sold 57,980 shares of Cars.com stock in a transaction that occurred on 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 directly owned 149,636 shares in the company, valued at $1,786,653.84. This trade represents a 27.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Cars.com Stock Down 1.8%

Shares of CARS opened at $12.22 on Friday. The firm has a 50 day simple moving average of $11.38 and a two-hundred day simple moving average of $10.33. 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 one year low of $7.40 and a one year high of $13.97. The company has a market cap of $654.14 million, a P/E ratio of 21.44 and a beta of 1.60.

Cars.com (NYSE:CARS) last issued its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Cars.com had a return on equity of 18.82% and a net margin of 4.73%.The firm had revenue of $179.93 million for the quarter, compared to the consensus estimate of $180.53 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was up .7% compared to the same quarter last year. Research analysts forecast that Cars.com Inc. will post 1.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Cars.com

Institutional investors have recently modified their holdings of the company. Inspire Investing LLC grew its stake in Cars.com by 3.0% in the fourth quarter. Inspire Investing LLC now owns 38,273 shares of the company’s stock valued at $467,000 after acquiring an additional 1,119 shares during the period. iSAM Funds UK Ltd raised its position in shares of Cars.com by 12.3% during the third quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock worth $153,000 after purchasing an additional 1,367 shares during the period. Vident Advisory LLC lifted its holdings in shares of Cars.com by 3.3% in the 3rd quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock worth $526,000 after purchasing an additional 1,386 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Cars.com by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after purchasing an additional 1,623 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its position in Cars.com by 5.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 36,904 shares of the company’s stock valued at $419,000 after purchasing an additional 1,859 shares during the period. 89.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CARS. BTIG Research reissued a “buy” rating and issued a $14.00 target price on shares of Cars.com in a report on Thursday, August 6th. Zacks Research raised shares of Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. B. Riley Financial cut shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Friday, May 8th. Weiss Ratings upgraded Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Finally, UBS Group boosted their price objective on Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.83.

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.