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

Key Points

• Cars.com insider Lisa Gosselin sold 22,888 shares at an average price of $13.25, totaling $303,266. The sale reduced her holdings by 10.93%, leaving her with 186,567 shares.
• Quarterly earnings were mixed: Cars.com reported EPS of $0.58, beating estimates of $0.54, while revenue of $181.88 million fell short of analysts’ expectations.
• Analyst sentiment is broadly neutral, with a consensus “Hold” rating and a $15.07 average price target; recent target changes ranged from $11.50 to $16.00.

Cars.com Inc. (NYSE:CARS - Get Free Report) insider Lisa Gosselin sold 22,888 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $13.25, for a total value of $303,266.00. Following the transaction, the insider owned 186,567 shares of the company's stock, valued at $2,472,012.75. The trade was a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Cars.com Stock Performance

Shares of NYSE CARS traded down $0.60 during mid-day trading on Thursday, hitting $12.88. The company had a trading volume of 319,745 shares, compared to its average volume of 946,744. The stock's 50-day moving average price is $11.06 and its 200-day moving average price is $10.62. Cars.com Inc. has a 1 year low of $7.40 and a 1 year high of $14.02. The company has a market capitalization of $670.84 million, a price-to-earnings ratio of 17.12 and a beta of 1.66. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.99.

Cars.com (NYSE:CARS - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. The company had revenue of $181.88 million during the quarter, compared to analyst estimates of $183.05 million. Cars.com had a net margin of 5.92% and a return on equity of 19.86%. Cars.com's revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. On average, sell-side analysts forecast that Cars.com Inc. will post 1.61 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research cut Cars.com from a "strong-buy" rating to a "hold" rating in a research report on Monday. BTIG Research lifted their price target on Cars.com from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, November 5th. B. Riley Financial boosted their price objective on Cars.com from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Friday, November 6th. UBS Group lowered their target price on shares of Cars.com from $13.00 to $11.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. Finally, Weiss Ratings raised shares of Cars.com from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.07.

Hedge Funds Weigh In On Cars.com

Several institutional investors have recently modified their holdings of the company. Pale Fire Capital SE raised its holdings in shares of Cars.com by 498.1% during the 1st quarter. Pale Fire Capital SE now owns 3,956,618 shares of the company's stock valued at $32,128,000 after buying an additional 3,295,117 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Cars.com by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,401,523 shares of the company's stock valued at $27,620,000 after acquiring an additional 262,443 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Cars.com by 77.9% during the first quarter. Renaissance Technologies LLC now owns 580,189 shares of the company's stock worth $4,711,000 after acquiring an additional 253,991 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Cars.com during the second quarter worth approximately $2,748,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of Cars.com during the third quarter worth approximately $1,392,000. 89.15% of the stock is currently owned by institutional investors.

Cars.com Company Profile

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.

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