The Insider Activity Report For Cars.com Inc. (CARS): Who’s Selling?

Cars.com Inc. (NYSE:CARS) finished Friday with a subtraction of -$0.03 to close at $12.68, a downside of -0.24 percent. An average of 529,860 shares of common stock have been traded in the last five days. There was a gain of $0.43 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 435,575 shares traded, while the 50-day average volume stands at 399,538.

CARS stock has decreased by -0.31% in the last month. The company shares reached their 1-month lowest point of $11.80 on 10/06/21. With the stock rallying to its 52-week high on 03/16/21, shares of the company touched a low of $7.23 and a high of $15.71 in 52 weeks. It has reached a new high 13 times so far this year and achieved 12.21% or $1.38 in price. In spite of this, the price is down -19.29% from the 52-week high.


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Insider Transactions

58 days have passed since Cars.com Inc. (CARS) last reported insider trading activity. Miller Douglas Neal, who is Chief Revenue Officer, most recently acquired $8,399 shares at $12.01 per share on Aug 26. In this transaction, the insider spent $100,872. Chief Legal Officer, Rogers James F, disposed of 11,042 shares at a price of $13.93 on Mar 03. The insider now owns more than $153,815 worth of shares.

Valuation Metrics

Cars.com Inc. (CARS) has a trailing price-to-earnings (P/E) ratio of 150.95, which compares with the 15.45 for the broader industry and 32.04 for the sector. In the last five years, Cars.com Inc.’s PE ratio has ranged between 180.38 and 7.960. The stock’s beta is 2.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.45, the price-to-book (PB) ratio at 2.44, and the price-to-cash flow ratio at 6.29.

The quick ratio of Cars.com Inc. for the three months ended June 29 was 1.70, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.41 and a total debt to equity ratio of 1.43 for the quarter ending June 29. Its gross profit as reported stood at $385.3 million compared to revenue of $547.5 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cars.com Inc.’s return on assets was 0.60%. For the broader industry, ROE averaged 10.14 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Cars.com Inc. had $502.36 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.97 million in the quarter, while revenues of $5.28 million were grew 512.73%. The analyst consensus anticipated Cars.com Inc.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.49, a 19.50% surprise. For the quarter, EBITDA amounted to $43.19 million. Shareholders own equity worth $68.97 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cars.com Inc. (CARS) price momentum. RSI 9-day as of the close on 22 October was 61.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.51%.

As of today, CARS’s price is $12.54 +3.51% or $0.43 from its 5-day moving average. CARS is currently trading -4.23% lower than its 20-day SMA and -15.75% lower than its 100-day SMA. However, the stock’s current price level is -6.28% below the SMA50 and +4.19% above the SMA200.

The stochastic %K and %D were 78.35% and 67.63%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 83.02% and the average true range at 0.37, the RSI (14) stands at 55.99%. The stock has reached 0.25 on the 9-day MACD Oscillator while the 14-day reading was at 0.37.

Analyst Ratings

Truist launched coverage on Cars.com Inc. (NYSE: CARS) in its analyst report released on August 27, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Cars.com Inc. (CARS) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CARS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is CARS’s price target for the next 12 months?

Analysts predict a range of price targets between $13.00 and $25.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Cars.com Inc. (CARS) stock is $17.88.

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