Cars.com Inc. (NYSE:CARS) CEO Thomas Alex Vetter bought 11,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $9.58 per share, with a total value of $105,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Thomas Alex Vetter also recently made the following trade(s):
- On Wednesday, August 7th, Thomas Alex Vetter purchased 20,000 shares of Cars.com stock. The stock was purchased at an average price of $10.19 per share, for a total transaction of $203,800.00.
CARS stock opened at $9.72 on Thursday. Cars.com Inc. has a 52-week low of $8.23 and a 52-week high of $28.50. The stock’s fifty day simple moving average is $11.58 and its 200-day simple moving average is $19.21. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $596.05 million, a price-to-earnings ratio of 5.34, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.
Cars.com (NYSE:CARS) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $160.18 million. Cars.com had a return on equity of 6.51% and a net margin of 1.59%. Cars.com’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. As a group, analysts anticipate that Cars.com Inc. will post 1.34 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund grew its stake in shares of Cars.com by 2.0% during the first quarter. Texas Permanent School Fund now owns 42,099 shares of the company’s stock worth $960,000 after purchasing an additional 819 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Cars.com by 7.4% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,000 shares of the company’s stock valued at $316,000 after purchasing an additional 1,100 shares in the last quarter. Rhumbline Advisers grew its position in shares of Cars.com by 0.5% during the 1st quarter. Rhumbline Advisers now owns 209,353 shares of the company’s stock valued at $4,773,000 after purchasing an additional 1,126 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Cars.com during the 2nd quarter valued at $105,000. Finally, Swiss National Bank grew its position in shares of Cars.com by 1.6% during the 2nd quarter. Swiss National Bank now owns 120,600 shares of the company’s stock valued at $2,378,000 after purchasing an additional 1,900 shares in the last quarter.
CARS has been the topic of a number of research reports. Craig Hallum lowered their price target on Cars.com from $25.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. TheStreet cut Cars.com from a “c” rating to a “d” rating in a report on Monday, August 5th. B. Riley decreased their price objective on Cars.com from $31.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. BTIG Research cut Cars.com from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, DA Davidson cut Cars.com from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.31.
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.
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