Brown Advisory Inc. Reduces Stock Position in Cars.com Inc. $CARS

Brown Advisory Inc. lowered its stake in Cars.com Inc. (NYSE:CARS – Free Report) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 1,931,175 shares of the company’s stock after selling 208,455 shares during the period. Brown Advisory Inc.’s holdings in Cars.com were worth $23,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Neuberger Berman Group LLC bought a new stake in Cars.com in the 4th quarter valued at $160,000. Bridgefront Capital LLC purchased a new position in shares of Cars.com during the 4th quarter worth about $168,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Cars.com by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 966,193 shares of the company’s stock worth $11,788,000 after purchasing an additional 46,797 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Cars.com by 40.8% during the 4th quarter. Wells Fargo & Company MN now owns 63,298 shares of the company’s stock worth $772,000 after purchasing an additional 18,352 shares during the period. Finally, HRT Financial LP purchased a new stake in Cars.com in the 4th quarter valued at about $1,794,000. 89.15% of the stock is currently owned by institutional investors.

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Insider Transactions at Cars.com

In other Cars.com news, CFO Sonia Jain sold 52,579 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.56, for a total transaction of $502,655.24. Following the transaction, the chief financial officer owned 346,854 shares in the company, valued at approximately $3,315,924.24. This represents a 13.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 1st. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research report on Friday, February 27th. Zacks Research upgraded shares of Cars.com from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.67.

View Our Latest Stock Analysis on CARS

Cars.com Price Performance

Shares of CARS opened at $9.72 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market capitalization of $543.57 million, a PE ratio of 22.61 and a beta of 1.60. The company has a 50 day moving average price of $10.13 and a 200-day moving average price of $10.61. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97.

Cars.com (NYSE:CARS – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $180.22 million for the quarter, compared to the consensus estimate of $180.16 million. Cars.com had a return on equity of 18.12% and a net margin of 3.73%.The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. Equities analysts predict that Cars.com Inc. will post 1.59 earnings per share for the current fiscal year.

Cars.com Profile

(Free Report)

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.

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