Insider Selling: Cars.com (NYSE:CARS) Insider Sells 27,358 Shares of Stock

Cars.com Inc. (NYSE:CARS) insider Matthew Crawford sold 27,358 shares of Cars.com stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total transaction of $329,116.74. Following the sale, the insider owned 71,103 shares in the company, valued at approximately $855,369.09. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cars.com Trading Down 2.2%

NYSE CARS traded down $0.28 on Thursday, hitting $12.10. The company’s stock had a trading volume of 452,621 shares, compared to its average volume of 810,596. The company’s 50-day moving average is $11.28 and its 200 day moving average is $11.84. The firm has a market cap of $723.44 million, a PE ratio of 26.29 and a beta of 1.45. Cars.com Inc. has a 1-year low of $9.56 and a 1-year high of $20.18. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94.

Cars.com (NYSE:CARS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $181.57 million during the quarter, compared to the consensus estimate of $181.37 million. Cars.com had a return on equity of 18.32% and a net margin of 4.16%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. As a group, analysts predict that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Cars.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barrington Research reissued an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research report on Monday, November 3rd. Zacks Research downgraded shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of Cars.com in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Cars.com from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.70.

Institutional Trading of Cars.com

Several hedge funds have recently modified their holdings of CARS. CWM LLC boosted its stake in Cars.com by 119.9% during the second quarter. CWM LLC now owns 4,227 shares of the company’s stock worth $50,000 after acquiring an additional 2,305 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Cars.com by 22.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after purchasing an additional 1,010 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Cars.com by 27.7% during the third quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock valued at $72,000 after purchasing an additional 1,279 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Cars.com by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Cars.com by 436.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock worth $94,000 after purchasing an additional 6,475 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

Cars.com Company Profile

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.