Insider Selling: Cars.com Inc. (NYSE:CARS) CEO Sells $27,344.00 in Stock

Cars.com Inc. (NYSE:CARS – Get Rating) CEO Thomas Alex Vetter sold 1,600 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $17.09, for a total value of $27,344.00. Following the completion of the sale, the chief executive officer now directly owns 507,910 shares in the company, valued at $8,680,181.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Thomas Alex Vetter also recently made the following trade(s):

• On Wednesday, March 8th, Thomas Alex Vetter sold 57,765 shares of Cars.com stock. The stock was sold at an average price of $17.35, for a total value of $1,002,222.75.
• On Monday, March 6th, Thomas Alex Vetter sold 2,100 shares of Cars.com stock. The stock was sold at an average price of $18.50, for a total value of $38,850.00.
• On Friday, March 3rd, Thomas Alex Vetter sold 49,579 shares of Cars.com stock. The shares were sold at an average price of $18.59, for a total value of $921,673.61.

Cars.com Stock Up 0.8 %

CARS stock opened at $17.19 on Friday. Cars.com Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $20.42. The business’s 50-day moving average is $16.95 and its two-hundred day moving average is $14.46. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 68.76 and a beta of 1.93.

Cars.com (NYSE:CARS – Get Rating) last posted its earnings results on Thursday, February 23rd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Cars.com had a net margin of 2.63% and a return on equity of 4.44%. The firm had revenue of $168.20 million during the quarter, compared to the consensus estimate of $166.30 million. During the same period in the prior year, the company posted ($0.09) EPS. The firm’s revenue was up 6.3% compared to the same quarter last year.

Analysts Set New Price Targets

CARS has been the topic of a number of research analyst reports. BTIG Research upped their price target on Cars.com from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 24th. Craig Hallum upped their price target on Cars.com from $17.00 to $24.00 and gave the company a “buy” rating in a report on Friday, February 24th. Finally, DA Davidson upped their price target on Cars.com from $17.50 to $23.25 and gave the company a “buy” rating in a report on Friday, February 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CARS. Russell Investments Group Ltd. increased its position in Cars.com by 2,021.8% in the fourth quarter. Russell Investments Group Ltd. now owns 675,523 shares of the company’s stock worth $9,302,000 after buying an additional 643,686 shares in the last quarter. FMR LLC increased its position in Cars.com by 8.7% in the second quarter. FMR LLC now owns 4,283,964 shares of the company’s stock worth $40,398,000 after buying an additional 343,392 shares in the last quarter. Prospect Capital Advisors LLC purchased a new stake in Cars.com in the third quarter worth about $3,249,000. Balyasny Asset Management LLC increased its position in Cars.com by 196.2% in the third quarter. Balyasny Asset Management LLC now owns 380,700 shares of the company’s stock worth $4,378,000 after buying an additional 252,170 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Cars.com by 38.2% in the fourth quarter. American Century Companies Inc. now owns 699,254 shares of the company’s stock worth $9,629,000 after buying an additional 193,169 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Cars.com Company Profile

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Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.