Cars.com Inc. (NYSE:CARS – Get Free Report) has been assigned a consensus recommendation of “Buy” from the five analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $23.85.
CARS has been the subject of a number of recent analyst reports. Craig Hallum raised their price objective on Cars.com from $22.00 to $24.00 in a research report on Friday, August 4th. TheStreet upgraded shares of Cars.com from a “c+” rating to a “b” rating in a report on Thursday, June 29th. B. Riley began coverage on shares of Cars.com in a research report on Wednesday, July 19th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Cars.com in a report on Tuesday, June 27th. They set an “overweight” rating and a $23.00 target price for the company.
Get Our Latest Stock Analysis on Cars.com
Cars.com Stock Performance
Cars.com (NYSE:CARS – Get Free Report) last released its earnings results on Thursday, August 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.91. Cars.com had a return on equity of 27.83% and a net margin of 16.90%. The business had revenue of $168.20 million for the quarter, compared to the consensus estimate of $168.97 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. Cars.com’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts expect that Cars.com will post 0.44 EPS for the current fiscal year.
Insiders Place Their Bets
In other Cars.com news, Director Bryan Wiener sold 15,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $18.29, for a total transaction of $274,350.00. Following the sale, the director now owns 72,913 shares of the company’s stock, valued at $1,333,578.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Thomas Alex Vetter sold 17,666 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $19.00, for a total value of $335,654.00. Following the completion of the transaction, the chief executive officer now owns 657,215 shares in the company, valued at approximately $12,487,085. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Bryan Wiener sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $18.29, for a total transaction of $274,350.00. Following the sale, the director now directly owns 72,913 shares in the company, valued at $1,333,578.77. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.
Institutional Trading of Cars.com
Several institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in shares of Cars.com by 230.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,615 shares of the company’s stock valued at $31,000 after acquiring an additional 1,126 shares in the last quarter. Covestor Ltd grew its stake in shares of Cars.com by 15,918.2% in the 2nd quarter. Covestor Ltd now owns 1,762 shares of the company’s stock valued at $35,000 after buying an additional 1,751 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Cars.com in the 4th quarter valued at about $33,000. Bessemer Group Inc. bought a new stake in Cars.com in the 2nd quarter valued at about $56,000. Finally, West Tower Group LLC acquired a new stake in Cars.com in the second quarter valued at approximately $78,000. 88.77% of the stock is currently owned by institutional investors.
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.
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