Cars.com (NYSE:CARS) Insider Angelique Strong Marks Sells 57,980 Shares

Key Points

• Insider Angelique Strong Marks sold 57,980 Cars.com shares at an average price of $11.94, generating $692,281.20. Her remaining ownership fell by 27.93% to 149,636 shares.
• Cars.com shares rose 5.1% to $12.48, while the company’s latest quarterly results met expectations with adjusted EPS of $0.51 and revenue of $179.93 million, up 0.7% year over year.
• Analysts maintain a generally cautious outlook, with an overall “Hold” rating and an average price target of $14.83; institutional investors and hedge funds own 89.15% of the stock.

Cars.com Inc. (NYSE:CARS - Get Free Report) insider Angelique Strong Marks sold 57,980 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $11.94, for a total transaction of $692,281.20. Following the completion of the sale, the insider directly owned 149,636 shares of the company's stock, valued at approximately $1,786,653.84. This trade represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cars.com Trading Up 5.1%

Shares of NYSE:CARS traded up $0.61 during trading on Wednesday, reaching $12.48. 470,277 shares of the company were exchanged, compared to its average volume of 1,022,182. The firm has a market capitalization of $667.84 million, a PE ratio of 21.89 and a beta of 1.60. The business's fifty day simple moving average is $11.27 and its 200-day simple moving average is $10.32. Cars.com Inc. has a 12-month low of $7.40 and a 12-month high of $13.97. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.00 and a quick ratio of 2.00.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. Cars.com had a return on equity of 18.82% and a net margin of 4.73%.The firm had revenue of $179.93 million during the quarter, compared to analyst estimates of $180.53 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. Cars.com's quarterly revenue was up .7% on a year-over-year basis. On average, research analysts anticipate that Cars.com Inc. will post 1.61 EPS for the current year.

Institutional Investors Weigh In On Cars.com

Several institutional investors have recently bought and sold shares of CARS. Public Employees Retirement System of Ohio purchased a new stake in shares of Cars.com during the 2nd quarter valued at $26,000. BNP Paribas Financial Markets boosted its stake in Cars.com by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company's stock worth $83,000 after purchasing an additional 1,623 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Cars.com by 436.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company's stock worth $94,000 after buying an additional 6,475 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Cars.com during the third quarter valued at $100,000. Finally, State of Wyoming acquired a new position in shares of Cars.com in the 2nd quarter valued at $115,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. B. Riley Financial downgraded Cars.com from a "buy" rating to a "neutral" rating and set a $13.00 price objective for the company. in a report on Friday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of Cars.com from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 8th. UBS Group upped their price target on shares of Cars.com from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Cars.com from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. Finally, Zacks Research raised shares of Cars.com from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $14.83.

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.

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