Cars.com Inc CEO Thomas Vetter Sells 17,666 Shares
Thomas Vetter, CEO of Cars.com Inc (NYSE:CARS), sold 17,666 shares of the company on February 15, 2024, according to a recent SEC filing. The transaction was executed at an average price of $19 per share, resulting in a total value of $335,654.
Cars.com Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides a platform for users to research car information, compare prices, and search for local dealers/sellers. Cars.com also offers various digital solutions to automotive dealers and manufacturers to improve their online presence and connect with potential customers.
Over the past year, the insider has sold a total of 264,912 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been 19 insider sells and no insider buys.
The stock market capitalization of Cars.com Inc stands at $1.206 billion as of the date of the insider's recent sale. The price-earnings ratio of the company is 10.35, which is below both the industry median of 16.105 and the company's historical median price-earnings ratio.
On the valuation front, with a share price of $19 and a GuruFocus Value of $16.55, Cars.com Inc has a price-to-GF-Value ratio of 1.15, indicating that the stock is Fairly Valued according to GuruFocus's metrics. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
