Cars.com (NYSE:CARS) CFO Sells $502,655.24 in Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 52,579 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.56, for a total transaction of $502,655.24. Following the transaction, the chief financial officer directly owned 346,854 shares of the company’s stock, valued at $3,315,924.24. This represents a 13.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sonia Jain also recently made the following trade(s):

• On Friday, June 12th, Sonia Jain sold 34,021 shares of Cars.com stock. The shares were sold at an average price of $9.49, for a total transaction of $322,859.29.

Cars.com Price Performance

Shares of NYSE CARS opened at $9.84 on Thursday. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97. The company has a 50 day simple moving average of $10.19 and a two-hundred day simple moving average of $10.58. The company has a market capitalization of $549.94 million, a price-to-earnings ratio of 22.88 and a beta of 1.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.87 and a current ratio of 1.87.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The business had revenue of $180.22 million for the quarter, compared to the consensus estimate of $180.16 million. During the same period in the prior year, the business posted $0.37 EPS. Cars.com’s revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that Cars.com Inc. will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Cars.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARS. Royal Bank of Canada boosted its holdings in Cars.com by 122.8% in the first quarter. Royal Bank of Canada now owns 29,655 shares of the company’s stock worth $334,000 after purchasing an additional 16,347 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Cars.com by 23.4% in the first quarter. AQR Capital Management LLC now owns 33,860 shares of the company’s stock worth $382,000 after purchasing an additional 6,416 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cars.com by 19.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,251 shares of the company’s stock worth $2,730,000 after purchasing an additional 39,561 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Cars.com by 62.3% in the second quarter. JPMorgan Chase & Co. now owns 218,358 shares of the company’s stock worth $2,588,000 after purchasing an additional 83,848 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Cars.com by 4.8% in the second quarter. Invesco Ltd. now owns 223,879 shares of the company’s stock worth $2,653,000 after purchasing an additional 10,276 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CARS has been the subject of several analyst reports. UBS Group raised their price target on shares of Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BTIG Research raised their price target on shares of Cars.com from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Friday, February 27th. Finally, Zacks Research downgraded shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cars.com currently has an average rating of “Hold” and a consensus price target of $14.67.

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.