CARS - Cars.com Chief Legal Officer Sold $368K In Company Stock | Benzinga
On May 28, a recent SEC filing unveiled that Angelique Strong Marks, Chief Legal Officer at Cars.com (NYSE:CARS) made an insider sell.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that Marks executed a sale of 19,835 shares of Cars.com with a total value of $368,136.
The latest market snapshot at Wednesday morning reveals Cars.com shares down by 0.47%, trading at $19.24.
Unveiling the Story Behind Cars.com
Cars.com Inc is an online destination for buying and selling new and used vehicles. The company brands include Dealer Inspire, DealerRater, FUEL, Accu-Trade, PickupTrucks.com, CreditIQ, and NewCars.com., websites directed towards different consumer segments.
Financial Insights: Cars.com
Revenue Growth: Over the 3 months period, Cars.com showcased positive performance, achieving a revenue growth rate of 7.85% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Profitability Metrics: Unlocking Value
-
Gross Margin: Achieving a high gross margin of 83.37%, the company performs ...