Cars.com Inc. (NYSE:CARS – Get Free Report) CFO Sonia Jain sold 34,021 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.49, for a total transaction of $322,859.29. Following the sale, the chief financial officer directly owned 312,833 shares of the company’s stock, valued at $2,968,785.17. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Sonia Jain also recently made the following trade(s):
- On Thursday, June 11th, Sonia Jain sold 52,579 shares of Cars.com stock. The shares were sold at an average price of $9.56, for a total transaction of $502,655.24.
Cars.com Trading Up 2.6%
Shares of NYSE CARS traded up $0.24 during trading on Monday, hitting $9.72. 659,063 shares of the company traded hands, compared to its average volume of 1,140,222. Cars.com Inc. has a 1 year low of $7.40 and a 1 year high of $13.97. The company has a 50-day moving average price of $10.10 and a 200-day moving average price of $10.62. The firm has a market capitalization of $543.57 million, a P/E ratio of 22.61 and a beta of 1.60. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.98.
Hedge Funds Weigh In On Cars.com
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Villanova Investment Management Co LLC grew its position in Cars.com by 36.7% in the 3rd quarter. Villanova Investment Management Co LLC now owns 367,070 shares of the company’s stock worth $4,486,000 after purchasing an additional 98,559 shares during the last quarter. JPMorgan Chase & Co. grew its position in Cars.com by 143.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 531,486 shares of the company’s stock worth $6,495,000 after purchasing an additional 313,128 shares during the last quarter. 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 last quarter. Hill Path Capital LP grew its position in Cars.com by 23.2% in the 3rd quarter. Hill Path Capital LP now owns 2,481,032 shares of the company’s stock worth $30,318,000 after purchasing an additional 468,000 shares during the last quarter. Finally, Kestrel Investment Management Corp bought a new position in Cars.com in the 4th quarter worth about $3,752,000. 89.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CARS. BTIG Research upped their price target on shares of Cars.com from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. B. Riley Financial cut shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Friday, May 8th. Zacks Research raised shares of Cars.com from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, UBS Group upped their price target on shares of Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.67.
Check Out Our Latest Report on Cars.com
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.
Featured Stories
- Five stocks we like better than Cars.com
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.
