Cars.com Inc. (NYSE:CARS - Get Free Report) CEO Thomas Alex Vetter acquired 27,870 shares of the company's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $10.75 per share, for a total transaction of $299,602.50. Following the purchase, the chief executive officer now directly owns 844,897 shares of the company's stock, valued at approximately $9,082,642.75. This trade represents a 3.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Cars.com Stock Up 0.8%
Shares of NYSE CARS traded up $0.09 during trading hours on Friday, hitting $10.95. The stock had a trading volume of 719,024 shares, compared to its average volume of 639,718. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $21.24. The firm's 50-day moving average price is $11.38 and its two-hundred day moving average price is $15.25. The company has a market capitalization of $695.31 million, a P/E ratio of 18.87 and a beta of 1.95.
Cars.com (NYSE:CARS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Cars.com had a net margin of 5.46% and a return on equity of 9.99%. The company had revenue of $179.02 million for the quarter, compared to analyst estimates of $179.82 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. Cars.com's revenue for the quarter was down .7% compared to the same quarter last year. Analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CARS has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. DA Davidson reduced their price objective on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a research report on Friday, February 28th. UBS Group dropped their target price on Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, Barrington Research reissued an "outperform" rating and set a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.30.
View Our Latest Analysis on CARS
Hedge Funds Weigh In On Cars.com
Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in Cars.com by 23.4% in the first quarter. AQR Capital Management LLC now owns 33,860 shares of the company's stock valued at $382,000 after purchasing an additional 6,416 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Cars.com by 71.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 102,416 shares of the company's stock valued at $1,154,000 after acquiring an additional 42,641 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Cars.com by 122.8% in the 1st quarter. Royal Bank of Canada now owns 29,655 shares of the company's stock valued at $334,000 after buying an additional 16,347 shares during the last quarter. Vident Advisory LLC raised its position in Cars.com by 32.5% during the first quarter. Vident Advisory LLC now owns 34,294 shares of the company's stock worth $386,000 after acquiring an additional 8,411 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Cars.com in the 1st quarter valued at about $325,000. Institutional investors and hedge funds own 89.15% of the company's stock.
About Cars.com
(
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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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