ValuEngine Downgrades Cars.com (NYSE:CARS) to Strong Sell

ValuEngine lowered shares of Cars.com (NYSE:CARS) from a sell rating to a strong sell rating in a research note published on Tuesday morning, ValuEngine reports.

CARS has been the topic of a number of other reports. Barrington Research reiterated a buy rating and set a $37.50 price objective on shares of Cars.com in a research note on Monday, May 6th. Citigroup upgraded shares of Cars.com from a neutral rating to a buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded shares of Cars.com from a buy rating to a hold rating in a research note on Tuesday, July 16th. Finally, BTIG Research downgraded shares of Cars.com from a buy rating to a neutral rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Cars.com has an average rating of Hold and an average target price of $24.31.

Shares of Cars.com stock opened at $9.03 on Tuesday. The firm has a market capitalization of $693.39 million, a P/E ratio of 4.96, a price-to-earnings-growth ratio of 1.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.17. Cars.com has a 12-month low of $8.87 and a 12-month high of $28.50. The business’s 50-day moving average price is $19.34.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $148.20 million for the quarter, compared to analyst estimates of $160.18 million. Cars.com had a return on equity of 6.51% and a net margin of 1.59%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. On average, research analysts forecast that Cars.com will post 1.52 earnings per share for the current year.

In related news, insider James F. Rogers purchased 10,000 shares of Cars.com stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $9.99 per share, for a total transaction of $99,900.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Alex Vetter purchased 20,000 shares of Cars.com stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $10.19 per share, for a total transaction of $203,800.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 37,500 shares of company stock worth $374,700. 0.04% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Cars.com in the 1st quarter valued at approximately $63,000. Edge Wealth Management LLC acquired a new stake in shares of Cars.com in the 1st quarter valued at approximately $69,000. Altshuler Shaham Ltd acquired a new stake in shares of Cars.com in the 2nd quarter valued at approximately $105,000. Investors Research Corp acquired a new stake in shares of Cars.com in the 1st quarter valued at approximately $119,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Cars.com in the 2nd quarter valued at approximately $180,000.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cars.com (NYSE:CARS)

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