Insider Selling: Cars.com (NYSE:CARS) Director Sells $98,000.00 in Stock

Posted by Brian Himes on Aug 27th, 2026

Cars.com Inc. (NYSE:CARS – Get Free Report) Director Jr. Donald Mcgovern sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $12.25, for a total transaction of $98,000.00. Following the transaction, the director directly owned 102,900 shares in the company, valued at $1,260,525. The trade was a 7.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Cars.com Trading Down 3.1%

Shares of CARS opened at $11.96 on Thursday. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97. The company has a market capitalization of $640.22 million, a PE ratio of 20.98 and a beta of 1.60. The stock has a fifty day moving average of $11.57 and a two-hundred day moving average of $10.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.00.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, August 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. Weiss Ratings raised shares of Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. BTIG Research reiterated a “buy” rating and issued a $14.00 price target on shares of Cars.com in a report on Thursday, August 6th. Finally, B. Riley Financial cut shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cars.com currently has an average rating of “Hold” and an average price target of $14.83.

Get Our Latest Stock Analysis on Cars.com

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Cars.com by 487.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,315 shares of the company’s stock valued at $1,953,000 after acquiring an additional 133,002 shares in the last quarter. Kestrel Investment Management Corp acquired a new position in shares of Cars.com during the fourth quarter worth $3,752,000. Renaissance Technologies LLC boosted its stake in shares of Cars.com by 77.9% in the first quarter. Renaissance Technologies LLC now owns 580,189 shares of the company’s stock valued at $4,711,000 after purchasing an additional 253,991 shares during the period. Globeflex Capital L P purchased a new position in shares of Cars.com in the second quarter valued at $1,345,000. Finally, Weiss Asset Management LP purchased a new position in shares of Cars.com in the first quarter valued at $1,055,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Company Profile

(Get 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.