Cars.com Inc. (NYSE:CARS) CFO Sells $492,927.54 in Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 24,971 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total value of $492,927.54. Following the transaction, the chief financial officer now directly owns 229,229 shares in the company, valued at approximately $4,524,980.46. The trade was a 9.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Cars.com Stock Up 0.9 %

Cars.com stock opened at $19.87 on Friday. The stock has a 50 day moving average of $17.09 and a two-hundred day moving average of $18.18. Cars.com Inc. has a twelve month low of $15.05 and a twelve month high of $21.24. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 34.26 and a beta of 2.10. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Cars.com

Hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in Cars.com by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock worth $757,000 after buying an additional 2,692 shares during the last quarter. American Century Companies Inc. raised its holdings in Cars.com by 19.4% during the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after purchasing an additional 175,094 shares in the last quarter. Vanguard Group Inc. raised its holdings in Cars.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after purchasing an additional 81,645 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Cars.com in the third quarter valued at about $1,222,000. Finally, CWM LLC boosted its holdings in Cars.com by 253.2% in the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares in the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Wednesday, November 13th. UBS Group increased their price objective on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. B. Riley cut their target price on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

Cars.com Company Profile

Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.