Jr. Donald Mcgovern Sells 8,000 Shares of Cars.com (NYSE:CARS) Stock

Key Points

• Director Jr. Donald Mcgovern sold 8,000 Cars.com shares at an average price of $12.25, generating $98,000 and reducing his direct holdings by 7.21% to 102,900 shares.
• Cars.com shares rose 1.0% to $12.35, while the company’s latest quarterly results matched earnings expectations at $0.51 per share; revenue was $179.93 million, up 0.7% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $14.83, and institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Inc. (NYSE:CARS - Get Free Report) Director Jr. Donald Mcgovern sold 8,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $12.25, for a total value of $98,000.00. Following the transaction, the director directly owned 102,900 shares in the company, valued at $1,260,525. The trade was a 7.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Cars.com Stock Up 1.0%

Shares of Cars.com stock traded up $0.13 during trading on Monday, hitting $12.35. 398,555 shares of the stock traded hands, compared to its average volume of 1,011,305. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The stock's fifty day simple moving average is $11.44 and its 200 day simple moving average is $10.34. The firm has a market cap of $660.97 million, a P/E ratio of 21.66 and a beta of 1.60. Cars.com Inc. has a 52-week low of $7.40 and a 52-week high of $13.97.

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

Hedge Funds Weigh In On Cars.com

A number of large investors have recently made changes to their positions in CARS. Inspire Investing LLC boosted its stake in shares of Cars.com by 3.0% during the 4th quarter. Inspire Investing LLC now owns 38,273 shares of the company's stock worth $467,000 after acquiring an additional 1,119 shares in the last quarter. iSAM Funds UK Ltd increased its stake in shares of Cars.com by 12.3% in the 3rd quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company's stock valued at $153,000 after purchasing an additional 1,367 shares in the last quarter. Vident Advisory LLC raised its holdings in Cars.com by 3.3% in the 3rd quarter. Vident Advisory LLC now owns 43,023 shares of the company's stock worth $526,000 after purchasing an additional 1,386 shares during the period. BNP Paribas Financial Markets raised its holdings 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 during the period. Finally, State of Tennessee Department of Treasury grew its holdings in Cars.com by 5.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 36,904 shares of the company's stock valued at $419,000 after purchasing an additional 1,859 shares during the period. 89.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARS has been the subject of a number of recent research reports. B. Riley Financial downgraded 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 note on Friday, May 8th. Zacks Research raised Cars.com from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. UBS Group boosted their price target on 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 raised Cars.com from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. lifted their target price on Cars.com from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Cars.com presently has an average rating of "Hold" and a consensus target price 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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