Cars.com Inc. (NYSE:CARS) Insider Matthew B. Crawford Sells 15,000 Shares

Key Points

• Matthew B. Crawford, an insider at Cars.com, sold 15,000 shares of the company's stock at an average price of $11.77, reducing his ownership by 13.22%.
• Shares of Cars.com (NYSE:CARS) experienced a 2.1% increase, trading at $12.92, with a trading volume exceeding its average.
• Cars.com reported $0.41 EPS for the latest quarter, missing estimates and showing a slight decline in revenue compared to the previous year.

Cars.com Inc. (NYSE:CARS - Get Free Report) insider Matthew B. Crawford sold 15,000 shares of Cars.com stock in a transaction on Friday, August 8th. The stock was sold at an average price of $11.77, for a total value of $176,550.00. Following the sale, the insider owned 98,461 shares in the company, valued at $1,158,885.97. The trade was a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cars.com Price Performance

Shares of NYSE CARS traded up $0.16 during trading on Friday, hitting $12.61. The company had a trading volume of 1,480,237 shares, compared to its average volume of 885,866. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $20.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $774.76 million, a P/E ratio of 20.34 and a beta of 1.76. The business's 50-day moving average is $12.16 and its 200 day moving average is $12.34.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). The company had revenue of $178.74 million for the quarter, compared to analyst estimates of $179.43 million. Cars.com had a net margin of 5.71% and a return on equity of 17.43%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. Equities research analysts predict that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CARS has been the topic of a number of recent research reports. Wall Street Zen raised Cars.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group decreased their price objective on Cars.com from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. upgraded Cars.com from a "neutral" rating to an "overweight" rating and set a $14.00 price objective for the company in a research note on Thursday, July 17th. Finally, B. Riley reaffirmed a "buy" rating and issued a $22.00 price target (up from $21.00) on shares of Cars.com in a research note on Friday, August 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Cars.com presently has a consensus rating of "Moderate Buy" and an average price target of $17.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Cars.com by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock worth $54,984,000 after purchasing an additional 55,143 shares in the last quarter. Hill Path Capital LP purchased a new position in shares of Cars.com in the second quarter worth about $23,854,000. Brown Advisory Inc. purchased a new position in Cars.com during the second quarter valued at approximately $16,456,000. Par Capital Management Inc. bought a new stake in shares of Cars.com in the 2nd quarter worth approximately $14,220,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cars.com by 10.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 923,314 shares of the company's stock valued at $10,406,000 after buying an additional 88,463 shares during the last quarter. Institutional investors own 89.15% of the company's stock.

Cars.com Company Profile

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.