Cars.com (NYSE:CARS) PT Lowered to $19.00 at UBS Group

Cars.com (NYSE:CARS) had its price objective reduced by analysts at UBS Group from $20.00 to $19.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 12.89% from the company’s previous close.

Other research analysts have also issued reports about the stock. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Monday, August 5th. JPMorgan Chase & Co. cut Cars.com from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $19.00 in a report on Friday.

Cars.com Price Performance

NYSE CARS traded up $0.04 on Friday, hitting $16.83. The stock had a trading volume of 1,110,122 shares, compared to its average volume of 433,759. The firm has a 50-day moving average of $19.42 and a 200-day moving average of $18.33. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.62 and a current ratio of 1.62. Cars.com has a 52-week low of $14.82 and a 52-week high of $21.24. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.72 and a beta of 2.21.

Cars.com (NYSE:CARS) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $180.18 million during the quarter, compared to the consensus estimate of $179.81 million. Cars.com had a return on equity of 22.28% and a net margin of 15.34%. Equities analysts expect that Cars.com will post 1.49 EPS for the current year.

Insider Buying and Selling

In related news, CEO Thomas Alex Vetter sold 17,674 shares of Cars.com stock in a transaction on Friday, July 12th. The shares were sold at an average price of $19.23, for a total value of $339,871.02. Following the sale, the chief executive officer now owns 598,934 shares in the company, valued at $11,517,500.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Thomas Alex Vetter sold 17,674 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $19.23, for a total value of $339,871.02. Following the completion of the transaction, the chief executive officer now directly owns 598,934 shares of the company’s stock, valued at $11,517,500.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angelique Strong Marks sold 2,846 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $18.50, for a total value of $52,651.00. Following the completion of the transaction, the insider now owns 118,917 shares of the company’s stock, valued at approximately $2,199,964.50. The disclosure for this sale can be found here. Insiders have sold 73,559 shares of company stock valued at $1,434,619 over the last ninety days. 2.12% of the stock is owned by insiders.

Institutional Trading of Cars.com

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Cars.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after acquiring an additional 81,645 shares in the last quarter. Greenvale Capital LLP increased its stake in shares of Cars.com by 2.0% during the fourth 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 in the last quarter. Boston Partners increased its stake in shares of Cars.com by 25.0% during the first quarter. Boston Partners now owns 2,153,942 shares of the company’s stock valued at $36,972,000 after purchasing an additional 430,654 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cars.com by 19.4% during the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after purchasing an additional 175,094 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Cars.com by 50.3% in the 1st 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 in the last quarter. Institutional investors own 89.15% of the company’s stock.

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.