Cars.com (NYSE:CARS) CFO Sonia Jain Sells 34,021 Shares of Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 34,021 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.49, for a total transaction of $322,859.29. Following the completion of the transaction, the chief financial officer owned 312,833 shares in the company, valued at approximately $2,968,785.17. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, June 11th, Sonia Jain sold 52,579 shares of Cars.com stock. The shares were sold at an average price of $9.56, for a total transaction of $502,655.24.

Cars.com Price Performance

NYSE:CARS opened at $9.72 on Tuesday. The firm has a market cap of $543.57 million, a PE ratio of 22.61 and a beta of 1.60. Cars.com Inc. has a 12 month low of $7.40 and a 12 month high of $13.97. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $10.61.

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

Analysts Set New Price Targets

CARS has been the topic of a number of recent analyst reports. BTIG Research boosted their price target on shares of Cars.com from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research report on Friday, February 27th. Weiss Ratings lowered shares of Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 1st. B. Riley Financial lowered shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Friday, May 8th. Finally, DA Davidson restated a “buy” rating and issued a $13.00 price target on shares of Cars.com in a research 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.67.

Hedge Funds Weigh In On Cars.com

Institutional investors have recently modified their holdings of the stock. Villanova Investment Management Co LLC raised its stake in shares of Cars.com by 36.7% during the third quarter. Villanova Investment Management Co LLC now owns 367,070 shares of the company’s stock worth $4,486,000 after buying an additional 98,559 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Cars.com by 143.4% during the third quarter. JPMorgan Chase & Co. now owns 531,486 shares of the company’s stock worth $6,495,000 after buying an additional 313,128 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Cars.com by 487.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,315 shares of the company’s stock worth $1,953,000 after buying an additional 133,002 shares during the last quarter. Hill Path Capital LP raised its stake in shares of Cars.com by 23.2% during the third quarter. Hill Path Capital LP now owns 2,481,032 shares of the company’s stock worth $30,318,000 after buying an additional 468,000 shares during the last quarter. Finally, Kestrel Investment Management Corp bought a new stake in shares of Cars.com during the fourth quarter worth approximately $3,752,000. 89.15% of the stock is owned by institutional investors.

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.