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

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

Cars.com Price Performance

Shares of CARS opened at $17.24 on Monday. The company has a 50 day moving average of $17.16 and a two-hundred day moving average of $17.85. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.93. Cars.com has a twelve month low of $14.82 and a twelve month high of $22.84. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 9.97 and a beta of 2.05.

Cars.com (NYSE:CARS) last posted its quarterly earnings data 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). Cars.com had a return on equity of 25.78% and a net margin of 17.19%. The business had revenue of $179.60 million during the quarter, compared to analyst estimates of $178.40 million. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts predict that Cars.com will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Cars.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its holdings in shares of Cars.com by 0.3% in the 4th quarter. First Eagle Investment Management LLC now owns 219,228 shares of the company’s stock valued at $4,159,000 after buying an additional 576 shares during the period. Texas Permanent School Fund Corp boosted its position in Cars.com by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 53,906 shares of the company’s stock worth $926,000 after purchasing an additional 698 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Cars.com by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,074 shares of the company’s stock worth $743,000 after purchasing an additional 733 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Cars.com by 118.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock worth $31,000 after purchasing an additional 896 shares during the period. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Cars.com by 2.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 36,596 shares of the company’s stock valued at $694,000 after purchasing an additional 955 shares in the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

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.