Cars.com (NYSE:CARS) Earns “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Cars.com (NYSE:CARS) in a report published on Monday morning, Benzinga reports. The firm currently has a $25.00 target price on the stock.

Cars.com Price Performance

Cars.com stock opened at $17.07 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.87 and a beta of 2.05. The firm has a 50-day moving average of $17.14 and a two-hundred day moving average of $17.85. Cars.com has a 1 year low of $14.82 and a 1 year high of $22.84.

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

Insider Transactions at Cars.com

In related news, insider Douglas Neal Miller sold 1,823 shares of Cars.com stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $18.50, for a total value of $33,725.50. Following the completion of the sale, the insider now directly owns 181,596 shares in the company, valued at $3,359,526. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cars.com news, CEO Thomas Alex Vetter sold 14,999 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total transaction of $284,981.00. Following the sale, the chief executive officer now owns 553,886 shares of the company’s stock, valued at approximately $10,523,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Neal Miller sold 1,823 shares of Cars.com 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 completion of the transaction, the insider now owns 181,596 shares in the company, valued at $3,359,526. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,488 shares of company stock valued at $654,361. 2.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cars.com

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners boosted its holdings in shares of Cars.com by 120.1% in the 4th quarter. Boston Partners now owns 1,723,288 shares of the company’s stock valued at $32,519,000 after buying an additional 940,376 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Cars.com by 50.3% in the first quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock worth $10,573,000 after purchasing an additional 205,871 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of Cars.com by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 252,384 shares of the company’s stock worth $4,788,000 after purchasing an additional 122,665 shares in the last quarter. Greenvale Capital LLP lifted its holdings in shares of Cars.com by 2.0% during the 4th quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock valued at $87,801,000 after purchasing an additional 90,222 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Cars.com by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,134,768 shares of the company’s stock worth $120,292,000 after purchasing an additional 89,194 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

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.