Cars.com Inc. $CARS Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of Cars.com Inc. (NYSE:CARS) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,546,708 shares of the company’s stock after selling 251,818 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Cars.com worth $80,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake 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 acquiring an additional 1,279 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Cars.com by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after purchasing an additional 1,623 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Cars.com by 436.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after purchasing an additional 6,475 shares in the last quarter. State of Wyoming purchased a new stake in Cars.com during the 2nd quarter worth approximately $115,000. Finally, AXA S.A. purchased a new stake in Cars.com during the 2nd quarter worth approximately $126,000. 89.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cars.com

In other Cars.com news, CFO Sonia Jain sold 11,400 shares of Cars.com stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $13.45, for a total value of $153,330.00. Following the completion of the transaction, the chief financial officer directly owned 243,642 shares in the company, valued at $3,276,984.90. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.39% of the stock is owned by corporate insiders.

Cars.com Stock Performance

Cars.com stock opened at $8.37 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.87 and a quick ratio of 1.87. Cars.com Inc. has a 12 month low of $7.73 and a 12 month high of $13.97. The company has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $11.80. The company has a market cap of $490.82 million, a PE ratio of 26.16 and a beta of 1.50.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). Cars.com had a return on equity of 17.31% and a net margin of 2.77%.The business had revenue of $183.90 million during the quarter, compared to the consensus estimate of $183.44 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts expect that Cars.com Inc. will post 1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BTIG Research reduced their target price on Cars.com from $17.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cars.com in a research note on Tuesday, January 27th. DA Davidson reissued a “buy” rating and set a $13.50 price objective on shares of Cars.com in a report on Tuesday, November 18th. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Friday, February 27th. Finally, UBS Group increased their price target on shares of Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.08.

Cars.com Company Profile

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.