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

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 52,579 shares of Cars.com 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 completion of the sale, the chief financial officer directly owned 346,854 shares in the company, valued at approximately $3,315,924.24. This represents a 13.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 Performance

Shares of CARS stock opened at $10.14 on Wednesday. The firm has a market cap of $566.55 million, a price-to-earnings ratio of 23.57 and a beta of 1.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.87 and a current ratio of 1.87. Cars.com Inc. has a 52 week low of $7.40 and a 52 week high of $13.97. The firm’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $10.60.

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

Hedge Funds Weigh In On Cars.com

Several hedge funds have recently bought and sold shares of CARS. Pale Fire Capital SE grew its stake in Cars.com by 498.1% during the first quarter. Pale Fire Capital SE now owns 3,956,618 shares of the company’s stock valued at $32,128,000 after acquiring an additional 3,295,117 shares in the last quarter. Par Capital Management Inc. purchased a new position in Cars.com during the second quarter valued at approximately $14,220,000. Breach Inlet Capital Management LLC purchased a new position in Cars.com during the fourth quarter valued at approximately $8,899,000. JPMorgan Chase & Co. grew its stake in Cars.com by 112.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,127,095 shares of the company’s stock valued at $13,751,000 after acquiring an additional 595,609 shares in the last quarter. Finally, Hill Path Capital LP grew its stake in Cars.com by 23.2% during the third quarter. Hill Path Capital LP now owns 2,481,032 shares of the company’s stock valued at $30,318,000 after acquiring an additional 468,000 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CARS. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research report on Friday, February 27th. 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. Zacks Research lowered shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. 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. Finally, 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. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.67.

Cars.com Company Profile

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.