Cars.com Inc. (NYSE:CARS) CEO Thomas Alex Vetter Acquires 12,000 Shares

Cars.com Inc. (NYSE:CARS) CEO Thomas Alex Vetter purchased 12,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $102,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CARS stock opened at $9.31 on Wednesday. The stock has a market capitalization of $574.56 million, a P/E ratio of -0.46 and a beta of 2.16. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.85. Cars.com Inc. has a 12 month low of $3.25 and a 12 month high of $13.55. The firm has a 50-day moving average price of $8.54 and a 200-day moving average price of $6.43.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, July 30th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.78. The firm had revenue of $102.01 million during the quarter, compared to analysts’ expectations of $94.32 million. Cars.com had a negative net margin of 224.10% and a positive return on equity of 11.67%. As a group, equities analysts predict that Cars.com Inc. will post 1.07 EPS for the current fiscal year.

CARS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Wednesday, August 5th. BTIG Research reaffirmed a “buy” rating and set a $10.00 price objective on shares of Cars.com in a research report on Thursday, July 9th. B. Riley initiated coverage on shares of Cars.com in a research report on Friday, June 19th. They set a “hold” rating and a $7.50 price objective for the company. Barrington Research reaffirmed a “buy” rating and set a $16.00 price objective on shares of Cars.com in a research report on Monday, July 27th. Finally, ValuEngine cut shares of Cars.com from a “sell” rating to a “strong sell” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Cars.com currently has an average rating of “Hold” and a consensus target price of $10.46.

Hedge funds have recently bought and sold shares of the company. Baupost Group LLC MA raised its holdings in Cars.com by 10.8% in the 1st quarter. Baupost Group LLC MA now owns 3,000,000 shares of the company’s stock valued at $12,900,000 after buying an additional 292,687 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Cars.com by 19.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,181,778 shares of the company’s stock valued at $9,382,000 after buying an additional 351,662 shares during the last quarter. Federated Hermes Inc. raised its holdings in Cars.com by 61.3% in the 2nd quarter. Federated Hermes Inc. now owns 1,993,688 shares of the company’s stock valued at $11,484,000 after buying an additional 758,029 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Cars.com by 1,202.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,725,474 shares of the company’s stock valued at $7,419,000 after buying an additional 1,593,012 shares during the last quarter. Finally, FMR LLC raised its holdings in Cars.com by 26.7% in the 1st quarter. FMR LLC now owns 1,052,622 shares of the company’s stock valued at $24,000,000 after buying an additional 222,027 shares during the last quarter. 96.76% of the stock is owned by hedge funds and other 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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