Bank of New York Mellon Corp Sells 152,147 Shares of Cars.com Inc. $CARS

Key Points

• Bank of New York Mellon cut its Cars.com stake by 36.4% in the first quarter, selling 152,147 shares and retaining 266,039 shares valued at approximately $2.16 million.
• Institutional ownership remains high at 89.15%, with several firms—including Royal Bank of Canada, AQR Capital, UBS, JPMorgan and Invesco—increasing their positions.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and $14.83 price target. Cars.com recently met quarterly EPS expectations at $0.51, while revenue rose modestly year over year to $179.93 million.

Bank of New York Mellon Corp decreased its holdings in Cars.com Inc. (NYSE:CARS - Free Report) by 36.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 266,039 shares of the company's stock after selling 152,147 shares during the quarter. Bank of New York Mellon Corp owned 0.46% of Cars.com worth $2,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CARS. Royal Bank of Canada grew its position in shares of Cars.com by 122.8% during the 1st quarter. Royal Bank of Canada now owns 29,655 shares of the company's stock worth $334,000 after purchasing an additional 16,347 shares in the last quarter. AQR Capital Management LLC grew its position in Cars.com by 23.4% during the first quarter. AQR Capital Management LLC now owns 33,860 shares of the company's stock worth $382,000 after buying an additional 6,416 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cars.com by 19.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,251 shares of the company's stock worth $2,730,000 after buying an additional 39,561 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Cars.com by 62.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 218,358 shares of the company's stock worth $2,588,000 after acquiring an additional 83,848 shares during the period. Finally, Invesco Ltd. increased its stake in Cars.com by 4.8% during the 2nd quarter. Invesco Ltd. now owns 223,879 shares of the company's stock worth $2,653,000 after acquiring an additional 10,276 shares during the period. Institutional investors own 89.15% of the company's stock.

Insider Activity

In related news, CFO Sonia Jain sold 34,021 shares of Cars.com stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.49, for a total transaction of $322,859.29. Following the sale, the chief financial officer directly owned 312,833 shares of the company's stock, valued at approximately $2,968,785.17. The trade was a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Cars.com from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Weiss Ratings upgraded Cars.com from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 13th. DA Davidson reaffirmed a "buy" rating and issued a $13.00 price target on shares of Cars.com in a research note on Monday, April 13th. Zacks Research downgraded Cars.com from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Finally, B. Riley Financial cut shares of Cars.com from a "buy" rating to a "neutral" rating and set a $13.00 price objective for the company. in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.83.

Cars.com Stock Performance

NYSE:CARS opened at $12.32 on Monday. Cars.com Inc. has a twelve month low of $7.40 and a twelve month high of $13.97. The company has a quick ratio of 1.87, a current ratio of 2.00 and a debt-to-equity ratio of 1.01. The stock's 50-day simple moving average is $10.90 and its 200 day simple moving average is $10.31. The firm has a market capitalization of $688.91 million, a PE ratio of 21.62 and a beta of 1.60.

Cars.com (NYSE:CARS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $179.93 million during the quarter, compared to the consensus estimate of $180.53 million. Cars.com had a return on equity of 18.82% and a net margin of 4.73%.The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, analysts anticipate that Cars.com Inc. will post 1.59 EPS for the current fiscal year.

Key Headlines Impacting Cars.com

Here are the key news stories impacting Cars.com this week:

• Positive Sentiment: Strong earnings quality and profitability: Second-quarter revenue rose approximately 1% year over year to $179.9 million, while net income more than doubled to $14.3 million. Adjusted EBITDA increased 4% to $53.0 million, producing a 29.4% margin that exceeded the company’s 28%-29% target range. Adjusted EPS of $0.51 also surpassed the $0.49 Zacks consensus estimate and increased from $0.41 a year earlier. Cars.com Reports Second Quarter 2026 Results
• Positive Sentiment: Capital returns support the stock: Cars.com repurchased 3.7 million shares for $37 million during the quarter and 6.2 million shares for $57 million year to date, putting it on pace for its $90 million 2026 repurchase goal. The buybacks can support per-share results and signal management’s confidence in the company’s valuation. Cars.com Q2 Results
• Positive Sentiment: Analyst support remains favorable: BTIG Research reaffirmed its “Buy” rating and assigned a $14 price target, implying roughly 14% upside from the referenced $12.32 level. BTIG Reaffirms Buy Rating
• Neutral Sentiment: Guidance was broadly maintained: Full-year revenue guidance remains $723.2 million-$737.7 million, versus a $729.0 million consensus estimate. Third-quarter revenue guidance of $183.9 million-$187.6 million is modestly above the $183.0 million consensus, but the outlook still calls for only flat-to-2% growth. Cars.com Q2 Earnings Call Transcript
• Negative Sentiment: Platform-exit concerns could pressure growth: A Seeking Alpha analysis argues that consumers and dealers are leaving Cars.com, raising questions about traffic, customer retention and the durability of Marketplace growth. In addition, OEM and National revenue fell 18% year over year, partially offsetting more than 7% growth in Marketplace revenue. Cars.com Consumers and Dealers Analysis

Cars.com Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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