Cars.com Inc. (NYSE:CARS – Get Free Report) shares gapped up prior to trading on Friday. The stock had previously closed at $10.29, but opened at $10.75. Cars.com shares last traded at $10.7270, with a volume of 3,777 shares trading hands.
Analyst Ratings Changes
CARS has been the topic of a number of recent analyst reports. Zacks Research raised shares of Cars.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Weiss Ratings lowered Cars.com from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 29th. UBS Group lowered their price target on Cars.com from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $14.00 price target on shares of Cars.com in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.58.
View Our Latest Report on Cars.com
Cars.com Price Performance
The company’s 50-day moving average is $11.04 and its two-hundred day moving average is $10.84. The firm has a market cap of $571.70 million, a P/E ratio of 18.72 and a beta of 1.64. 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 (NYSE:CARS – Get Free Report) 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. The firm 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%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Sell-side analysts anticipate that Cars.com Inc. will post 1.61 EPS for the current fiscal year.
Insider Transactions at Cars.com
In related news, Director Donald McGovern sold 8,000 shares of the stock in a transaction 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 of the company’s stock, valued at $1,260,525. This represents a 7.21% 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 the SEC website. Also, insider Angelique Marks sold 57,980 shares of the firm’s stock in a transaction 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 disclosure for this sale is available in the SEC filing. 3.36% of the stock is owned by insiders.
Institutional Investors Weigh In On Cars.com
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in shares of Cars.com by 2,714.5% during the 3rd quarter. Sterling Capital Management LLC now owns 25,809 shares of the company’s stock worth $265,000 after acquiring an additional 24,892 shares during the period. Versant Capital Management Inc grew its stake in shares of Cars.com by 250.1% in the 3rd quarter. Versant Capital Management Inc now owns 5,356 shares of the company’s stock worth $55,000 after buying an additional 3,826 shares during the last quarter. Amundi bought a new position in Cars.com during the 2nd quarter valued at approximately $192,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cars.com in the second quarter worth $1,118,000. Finally, Pale Fire Capital SE grew its stake in shares of Cars.com by 1.3% in the second quarter. Pale Fire Capital SE now owns 4,008,218 shares of the company’s stock worth $43,850,000 after acquiring an additional 51,600 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors.
Cars.com Company Profile
Cars.com Inc (NYSE: CARS) operates a digital automotive marketplace that connects consumers with automotive dealers and manufacturers. Its platform enables shoppers to research vehicles, compare listings, read reviews, obtain financing information and connect with sellers when buying new or used cars.
The company provides automotive retailers with digital marketing, advertising, inventory merchandising, website and digital retailing solutions, as well as data and analytics tools. Its portfolio includes the Cars.com marketplace and related brands and services focused on dealer reviews, vehicle financing, automotive content and customer engagement.
Cars.com primarily serves the United States automotive market, working with consumers, franchised and independent dealerships, original equipment manufacturers and other industry participants.
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