Stocks of Cars.com (NYSE:CARS) traded higher last session on Wall Street, down -0.80% to $19.75.
CARS stock price is now 8.72% away from the 50-day moving average and 10.09% away from the 200-day moving average. The market capitalization of the company currently stands at $1.31B.
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With the price target of $20, UBS recently initiated with Neutral rating for Cars.com (NYSE: CARS). On July 20, 2023, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $26, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Vetter Thomas Alex, CEO sold 17,666 shares of the company’s stock on Jun 14 ’24. The stock was sold for $354,910 at an average price of $20.09. Upon completion of the transaction, the CEO now directly owns 616,608 shares in the company, valued at $12.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Director WIENER BRYAN sold 10,000 shares of the business’s stock. A total of $205,100 was realized by selling the stock at an average price of $20.51. This leaves the insider owning 62,913 shares of the company worth $1.24 million. A total of 8.67% of the company’s stock is owned by insiders.
During the past 12 months, Cars.com has had a low of $14.82 and a high of $22.84. As of last week, the company has a debt-to-equity ratio of 0.98, a current ratio of 1.62, and a quick ratio of 1.62. According to the stock market information, the enterprise value for the company is $1748193920, which is based on a 12.55 price-to-earnings ratio, a 0.64 price-to-earnings-growth ratio, and a beta of 2.22. The fifty day moving average price for CARS is $18.208 and a two-hundred day moving average price translates $17.94465 for the stock.
The latest earnings results from Cars.com (NYSE: CARS) was released for 2024-03-31. The net profit margin was 15.34% and return on equity was 24.87% for CARS. The company reported revenue of $180.18 million for the quarter, compared to $167.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.85 percent.
