Sonia Jain Sells 34,021 Shares of Cars.com (NYSE:CARS) Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 34,021 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.49, for a total value of $322,859.29. Following the sale, the chief financial officer directly owned 312,833 shares of the company’s stock, valued at $2,968,785.17. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, June 11th, Sonia Jain sold 52,579 shares of Cars.com stock. The stock was sold at an average price of $9.56, for a total value of $502,655.24.

Cars.com Stock Performance

Shares of CARS opened at $10.14 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $10.60. The firm has a market capitalization of $566.55 million, a P/E ratio of 23.57 and a beta of 1.60. Cars.com Inc. has a 52 week low of $7.40 and a 52 week high of $13.97.

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

Hedge Funds Weigh In On Cars.com

Several institutional investors have recently modified their holdings of the business. Inspire Investing LLC grew its holdings in shares of Cars.com by 3.0% in the fourth quarter. Inspire Investing LLC now owns 38,273 shares of the company’s stock valued at $467,000 after acquiring an additional 1,119 shares in the last quarter. iSAM Funds UK Ltd grew its holdings in shares of Cars.com by 12.3% in the third quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock valued at $153,000 after acquiring an additional 1,367 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Cars.com by 3.3% in the third quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock valued at $526,000 after acquiring an additional 1,386 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 acquiring an additional 1,623 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in shares of Cars.com by 5.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 36,904 shares of the company’s stock valued at $419,000 after acquiring an additional 1,859 shares in the last quarter. 89.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on CARS shares. Zacks Research lowered Cars.com from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. JPMorgan Chase & Co. upped their target price on Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings lowered Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 1st. BTIG Research upped their target price on Cars.com from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, B. Riley Financial lowered Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.