Cars.com (NYSE:CARS) Director Jr. Donald Mcgovern Sells 8,000 Shares of Stock

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

Cars.com Price Performance

Shares of NYSE CARS traded up $0.13 during midday trading on Monday, hitting $12.35. The stock had a trading volume of 398,555 shares, compared to its average volume of 1,011,305. The company has a market capitalization of $660.97 million, a PE ratio of 21.66 and a beta of 1.60. The stock has a 50 day simple moving average of $11.44 and a 200-day simple moving average of $10.34. Cars.com Inc. has a 1 year low of $7.40 and a 1 year high of $13.97. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.01.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $179.93 million during the quarter, compared to the consensus estimate of $180.53 million. Cars.com had a return on equity of 18.82% and a net margin of 4.73%.The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. On average, sell-side analysts expect that Cars.com Inc. will post 1.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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 objective on shares of Cars.com in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. UBS Group lifted their price objective on Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.83.

Institutional Trading of Cars.com

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Cars.com in the second quarter worth approximately $26,000. BNP Paribas Financial Markets raised its position 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 period. Tower Research Capital LLC TRC lifted its stake in shares of Cars.com by 436.0% in 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 during the last quarter. Virtus Advisers LLC acquired a new position in shares of Cars.com in the 3rd quarter valued at $100,000. Finally, State of Wyoming purchased a new position in shares of Cars.com during the 2nd quarter worth $115,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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.