Cars.com Inc. (NYSE:CARS) Short Interest Update

Cars.com Inc. (NYSE:CARSGet Rating) was the recipient of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 2,030,000 shares, a decrease of 5.1% from the December 15th total of 2,140,000 shares. Based on an average daily trading volume, of 436,300 shares, the days-to-cover ratio is presently 4.7 days. Approximately 3.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price target on Cars.com from $18.00 to $17.50 and set a “buy” rating for the company in a research report on Friday, November 4th.

Cars.com Stock Performance

Shares of Cars.com stock opened at $15.98 on Monday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 1,599.60 and a beta of 1.91. Cars.com has a 52 week low of $8.75 and a 52 week high of $16.52. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $14.17 and its two-hundred day moving average is $12.95.

Cars.com (NYSE:CARSGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.18). The business had revenue of $164.60 million for the quarter, compared to analysts’ expectations of $164.16 million. Cars.com had a return on equity of 0.26% and a net margin of 0.15%. Research analysts forecast that Cars.com will post 0.28 EPS for the current fiscal year.

Insider Transactions at Cars.com

In other Cars.com news, Director Thomas E. Hale sold 4,064 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $14.52, for a total transaction of $59,009.28. Following the transaction, the director now owns 76,677 shares in the company, valued at $1,113,350.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Cars.com

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Cars.com by 0.9% during the third quarter. Vanguard Group Inc. now owns 7,214,841 shares of the company’s stock worth $82,971,000 after purchasing an additional 61,764 shares during the period. FMR LLC lifted its holdings in shares of Cars.com by 8.7% during the second quarter. FMR LLC now owns 4,283,964 shares of the company’s stock worth $40,398,000 after purchasing an additional 343,392 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Cars.com by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,505,811 shares of the company’s stock worth $50,591,000 after purchasing an additional 45,753 shares during the period. State Street Corp lifted its holdings in shares of Cars.com by 2.3% during the second quarter. State Street Corp now owns 2,372,414 shares of the company’s stock worth $22,372,000 after purchasing an additional 53,295 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Cars.com by 18.2% during the second quarter. JPMorgan Chase & Co. now owns 908,599 shares of the company’s stock worth $8,569,000 after purchasing an additional 139,744 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Cars.com

(Get Rating)

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.

Featured Stories

Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.