Cars.com Inc. (NYSE:CARS) Short Interest Update

Cars.com Inc. (NYSE:CARS) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,430,000 shares, an increase of 6.7% from the July 31st total of 1,340,000 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 498,200 shares, the days-to-cover ratio is currently 2.9 days.

Cars.com Stock Down 2.7 %

CARS opened at $17.35 on Wednesday. The stock’s fifty day moving average is $18.61 and its 200-day moving average is $18.24. Cars.com has a one year low of $14.82 and a one year high of $21.24. The company has a market capitalization of $1.15 billion, a PE ratio of 11.05 and a beta of 2.21. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.53 and a current ratio of 1.53.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Cars.com had a net margin of 3.51% and a return on equity of 6.70%. The business had revenue of $178.89 million during the quarter, compared to analyst estimates of $181.51 million. On average, equities analysts predict that Cars.com will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CARS. JPMorgan Chase & Co. lowered Cars.com from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $19.00 in a report on Friday, August 9th. B. Riley decreased their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 9th. UBS Group cut their price objective on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Friday, August 23rd.

Insider Buying and Selling

In other Cars.com news, CEO Thomas Alex Vetter sold 17,674 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $19.23, for a total value of $339,871.02. Following the sale, the chief executive officer now directly owns 598,934 shares in the company, valued at $11,517,500.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.12% of the stock is owned by company insiders.

Institutional Trading of Cars.com

A number of large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in shares of Cars.com during the 1st quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cars.com during the second quarter valued at $38,000. CWM LLC boosted its position in shares of Cars.com by 253.2% in the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares during the period. Benjamin Edwards Inc. purchased a new position in Cars.com in the 4th quarter worth about $144,000. Finally, Point72 DIFC Ltd acquired a new stake in Cars.com during the 2nd quarter worth about $180,000. 89.15% of the stock is currently owned by 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.