Cars.com (NYSE:CARS) Insider Lisa Gosselin Sells 22,888 Shares of Stock

Cars.com Inc. (NYSE:CARS) insider Lisa Gosselin sold 22,888 shares of Cars.com stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $13.25, for a total value of $303,266.00. Following the completion of the sale, the insider directly owned 186,567 shares in the company, valued at approximately $2,472,012.75. This represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Cars.com Stock Performance

CARS opened at $12.87 on Friday. The business’s 50-day simple moving average is $11.07 and its 200 day simple moving average is $10.62. Cars.com Inc. has a 52-week low of $7.40 and a 52-week high of $14.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market capitalization of $670.01 million, a PE ratio of 8.53 and a beta of 1.66.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $181.88 million during the quarter, compared to the consensus estimate of $183.05 million. Cars.com had a return on equity of 19.86% and a net margin of 5.92%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. As a group, sell-side analysts expect that Cars.com Inc. will post 1.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cars.com

Several institutional investors and hedge funds have recently modified their holdings of CARS. Public Employees Retirement System of Ohio acquired a new stake in Cars.com in the 2nd quarter worth about $26,000. Royce & Associates LP boosted its holdings in Cars.com by 3.1% in the 3rd quarter. Royce & Associates LP now owns 111,306 shares of the company’s stock valued at $1,143,000 after purchasing an additional 3,312 shares during the period. Kendall Capital Management grew its position in shares of Cars.com by 19.1% during the 3rd quarter. Kendall Capital Management now owns 21,500 shares of the company’s stock worth $221,000 after purchasing an additional 3,450 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Cars.com by 250.1% during the 3rd quarter. Versant Capital Management Inc now owns 5,356 shares of the company’s stock worth $55,000 after purchasing an additional 3,826 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Cars.com by 15.0% during the 1st quarter. First Trust Advisors LP now owns 35,306 shares of the company’s stock worth $287,000 after purchasing an additional 4,592 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Cars.com from a “strong-buy” rating to a “hold” rating in a report on Monday. BTIG Research boosted their price objective on shares of Cars.com from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. B. Riley Financial upped their target price on shares of Cars.com from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 6th. Barclays assumed coverage on shares of Cars.com in a research note on Thursday. They issued an “equal weight” rating and a $14.00 target price for the company. Finally, Weiss Ratings upgraded Cars.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cars.com has a consensus rating of “Hold” and a consensus price target of $15.07.

About Cars.com

Cars.com Inc. operates a digital automotive marketplace that connects people shopping for new and used vehicles with dealerships. Its Cars.com platform provides vehicle listings, research tools, reviews and information to help consumers compare cars and find local sellers. The company also offers products and services for automotive dealers, including digital marketing, website development, inventory and customer-management tools, and vehicle appraisal solutions. Its brands include Dealer Inspire, DealerRater and AccuTrade.