Cars.com Inc. (NYSE:CARS) Director Sells $205,100.00 in Stock

Cars.com Inc. (NYSE:CARSGet Free Report) Director Bryan Wiener sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $20.51, for a total value of $205,100.00. Following the completion of the transaction, the director now owns 62,913 shares in the company, valued at $1,290,345.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cars.com Trading Down 0.5 %

NYSE:CARS traded down $0.10 during trading hours on Friday, reaching $20.37. 354,486 shares of the stock were exchanged, compared to its average volume of 399,449. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average of $17.82 and a two-hundred day moving average of $18.09. Cars.com Inc. has a twelve month low of $14.82 and a twelve month high of $22.84. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.97 and a beta of 2.15.

Cars.com (NYSE:CARSGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Cars.com had a return on equity of 22.28% and a net margin of 15.34%. The firm had revenue of $180.18 million for the quarter, compared to analyst estimates of $179.81 million. On average, equities analysts predict that Cars.com Inc. will post 1.48 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research note on Tuesday, May 28th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Get Our Latest Analysis on Cars.com

Institutional Trading of Cars.com

A number of large investors have recently modified their holdings of CARS. Victory Capital Management Inc. increased its position in shares of Cars.com by 28.3% during the third quarter. Victory Capital Management Inc. now owns 27,664 shares of the company’s stock worth $466,000 after acquiring an additional 6,102 shares during the period. Swiss National Bank increased its position in shares of Cars.com by 2.0% during the third quarter. Swiss National Bank now owns 139,300 shares of the company’s stock worth $2,349,000 after acquiring an additional 2,700 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Cars.com during the third quarter worth $183,000. Nordea Investment Management AB increased its holdings in Cars.com by 19.6% in the third quarter. Nordea Investment Management AB now owns 266,555 shares of the company’s stock valued at $4,507,000 after buying an additional 43,667 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Cars.com in the third quarter valued at $535,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

About Cars.com

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Cars.com (NYSE:CARS)

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