Cars.com (NYSE:CARS) Stock Rating Reaffirmed by Barrington Research

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating reiterated by equities research analysts at Barrington Research in a report released on Monday, Benzinga reports. They currently have a $25.00 target price on the stock. Barrington Research’s target price would suggest a potential upside of 45.01% from the stock’s current price.

Cars.com Stock Performance

NYSE:CARS opened at $17.24 on Monday. The stock’s 50-day moving average is $17.16 and its 200-day moving average is $17.85. The stock has a market cap of $1.14 billion, a P/E ratio of 9.97 and a beta of 2.05. Cars.com has a 1-year low of $14.82 and a 1-year high of $22.84. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.93.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $179.60 million for the quarter, compared to the consensus estimate of $178.40 million. Cars.com had a return on equity of 25.78% and a net margin of 17.19%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that Cars.com will post 0.55 earnings per share for the current year.

Insider Buying and Selling at Cars.com

In other news, CEO Thomas Alex Vetter sold 14,999 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total transaction of $284,981.00. Following the completion of the transaction, the chief executive officer now directly owns 553,886 shares in the company, valued at $10,523,834. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Douglas Neal Miller sold 1,823 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total value of $33,725.50. Following the transaction, the insider now owns 181,596 shares in the company, valued at $3,359,526. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas Alex Vetter sold 14,999 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total value of $284,981.00. Following the sale, the chief executive officer now owns 553,886 shares of the company’s stock, valued at $10,523,834. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,488 shares of company stock worth $654,361. Insiders own 2.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in Cars.com by 118.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock worth $31,000 after purchasing an additional 896 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Cars.com by 103.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,073 shares of the company’s stock worth $39,000 after purchasing an additional 1,056 shares during the period. Wolverine Asset Management LLC increased its stake in Cars.com by 109.1% in the fourth quarter. Wolverine Asset Management LLC now owns 3,749 shares of the company’s stock valued at $71,000 after purchasing an additional 45,000 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Cars.com during the fourth quarter valued at about $119,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Cars.com during the 4th quarter worth about $144,000. 89.15% of the stock is owned by institutional investors and hedge funds.

About Cars.com

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.