Cars.com (NYSE:CARS) Insider Sells $329,116.74 in Stock

Cars.com Inc. (NYSE:CARS) insider Matthew Crawford sold 27,358 shares of Cars.com stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total value of $329,116.74. Following the transaction, the insider owned 71,103 shares of the company’s stock, valued at $855,369.09. The trade was a 27.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Cars.com Stock Performance

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. Cars.com Inc. has a one year low of $9.56 and a one year high of $20.18. The firm has a market capitalization of $723.44 million, a P/E ratio of 26.29 and a beta of 1.45. The stock has a fifty day moving average of $11.28 and a two-hundred day moving average of $11.84. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.94.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CARS. B. Riley restated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Cars.com in a research note on Friday, August 8th. DA Davidson reissued a “buy” rating and issued a $13.50 price target on shares of Cars.com in a report on Tuesday, November 18th. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Monday, November 3rd. Zacks Research downgraded Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. increased their target price on Cars.com from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

Institutional Trading of Cars.com

Large investors have recently made changes to their positions in the company. CWM LLC increased its stake in shares of Cars.com by 119.9% in the 2nd quarter. CWM LLC now owns 4,227 shares of the company’s stock valued at $50,000 after purchasing an additional 2,305 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Cars.com by 22.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after acquiring an additional 1,010 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cars.com by 27.7% in the 3rd 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 during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 valued at $83,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position 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 worth $94,000 after acquiring an additional 6,475 shares during the last quarter. Institutional investors and hedge funds 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.