Cars.com (NYSE:CARS) CFO Sonia Jain Sells 52,579 Shares of Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 52,579 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $9.56, for a total transaction of $502,655.24. Following the transaction, the chief financial officer owned 346,854 shares in the company, valued at $3,315,924.24. This represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sonia Jain also recently made the following trade(s):

• On Friday, June 12th, Sonia Jain sold 34,021 shares of Cars.com stock. The stock was sold at an average price of $9.49, for a total transaction of $322,859.29.

Cars.com Stock Up 2.6%

CARS stock opened at $9.72 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $543.57 million, a PE ratio of 22.61 and a beta of 1.60. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97. The business’s 50 day simple moving average is $10.13 and its 200 day simple moving average is $10.61.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The business had revenue of $180.22 million during the quarter, compared to the consensus estimate of $180.16 million. During the same quarter last year, the company posted $0.37 EPS. The firm’s revenue was up .7% on a year-over-year basis. As a group, research analysts anticipate that Cars.com Inc. will post 1.59 EPS for the current year.

Analyst Ratings Changes

CARS has been the subject of several research reports. Weiss Ratings downgraded Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 1st. B. Riley Financial downgraded shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Zacks Research raised shares of Cars.com from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, DA Davidson reaffirmed a “buy” rating and set a $13.00 target price on shares of Cars.com in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned 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 “Moderate Buy” and an average target price of $14.67.

Institutional Trading of Cars.com

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pale Fire Capital SE boosted 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 worth $32,128,000 after buying an additional 3,295,117 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cars.com by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,401,523 shares of the company’s stock valued at $27,620,000 after purchasing an additional 262,443 shares during the period. Par Capital Management Inc. boosted its holdings in Cars.com by 31.0% in the 4th quarter. Par Capital Management Inc. now owns 2,697,648 shares of the company’s stock valued at $32,911,000 after purchasing an additional 639,000 shares during the period. Hill Path Capital LP boosted its holdings in Cars.com by 23.2% in the 3rd quarter. Hill Path Capital LP now owns 2,481,032 shares of the company’s stock valued at $30,318,000 after purchasing an additional 468,000 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Cars.com by 13.0% in the 3rd quarter. American Century Companies Inc. now owns 1,203,622 shares of the company’s stock valued at $14,708,000 after purchasing an additional 138,229 shares during the period. Institutional investors own 89.15% of the company’s stock.

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.