Cars.com Inc. (NYSE:CARS) Director Michael Joseph Kelly purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $9.94 per share, with a total value of $24,850.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
CARS stock traded down $0.29 during trading on Wednesday, hitting $10.11. The stock had a trading volume of 3,580,179 shares, compared to its average volume of 806,296. The company has a 50 day moving average price of $20.07. Cars.com Inc. has a 1-year low of $9.86 and a 1-year high of $29.54. The company has a market capitalization of $1.20 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 2.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.17.
Cars.com (NYSE:CARS) last announced its earnings results on Monday, August 5th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.08). Cars.com had a net margin of 4.40% and a return on equity of 7.34%. The firm had revenue of $148.20 million during the quarter, compared to analyst estimates of $160.18 million. During the same period in the previous year, the firm posted $0.48 EPS. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, analysts predict that Cars.com Inc. will post 1.52 earnings per share for the current year.
Several research analysts have recently issued reports on the company. B. Riley cut their price target on Cars.com from $31.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday. DA Davidson downgraded Cars.com from a “buy” rating to a “neutral” rating in a research note on Tuesday. Barrington Research downgraded Cars.com from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Zacks Investment Research downgraded Cars.com from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, TheStreet downgraded Cars.com from a “c” rating to a “d” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.31.
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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