Insider Sell: Cars.com Inc (CARS) Pres. and Chief Comm. Officer Douglas Miller Sells 16,167 Shares
On March 8, 2024, Douglas Miller, the President and Chief Communications Officer of Cars.com Inc (NYSE:CARS), sold 16,167 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Cars.com Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. The platform provides a suite of solutions for dealers and manufacturers to market and sell their cars to consumers, enhancing the car buying and selling experience.
Over the past year, the insider has sold a total of 67,624 shares and has not made any purchases of the company's stock. The recent sale by Douglas Miller is part of a trend observed over the past year, where there have been 18 insider sells and no insider buys.
On the date of the insider's recent sale, shares of Cars.com Inc were trading at $18.54, giving the company a market capitalization of $1.182 billion. The price-earnings ratio of the stock stands at 10.40, which is below the industry median of 16.24 and also below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.07, indicating that Cars.com Inc is Fairly Valued based on its GF Value of $17.29. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Cars.com Inc.
The GF Value image above provides a visual representation of the stock's valuation relative to its GuruFocus Value.
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.
