Cars.com (NYSE:CARS) CFO Sonia Jain Sells 52,579 Shares

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 52,579 shares of the company’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 value of $502,655.24. Following the completion of the transaction, the chief financial officer directly owned 346,854 shares of the company’s stock, valued at $3,315,924.24. This trade represents a 13.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $322,859.29.

Cars.com Stock Up 2.6%

CARS traded up $0.24 on Monday, reaching $9.72. The company’s stock had a trading volume of 659,063 shares, compared to its average volume of 1,140,222. The stock has a 50 day moving average of $10.10 and a two-hundred day moving average of $10.62. The company has a market capitalization of $543.57 million, a price-to-earnings ratio of 22.61 and a beta of 1.60. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.98. Cars.com Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $13.97.

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

Institutional Investors Weigh In On Cars.com

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings 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 acquiring an additional 1,623 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Cars.com by 436.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after acquiring an additional 6,475 shares during the period. Virtus Advisers LLC acquired a new stake in Cars.com in the third quarter valued at $100,000. State of Wyoming acquired a new stake in Cars.com in the second quarter valued at $115,000. Finally, AXA S.A. acquired a new stake in Cars.com in the second quarter valued at $126,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CARS shares. 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 report on Friday, May 8th. Zacks Research upgraded shares of Cars.com from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. B. Riley Financial lowered shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Friday, May 8th. BTIG Research lifted their price objective 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. Finally, Weiss Ratings lowered shares of Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.67.

About Cars.com

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.