Sonia Jain Sells 24,971 Shares of Cars.com Inc. (NYSE:CARS) Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 24,971 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total value of $492,927.54. Following the completion of the sale, the chief financial officer now owns 229,229 shares in the company, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Cars.com Trading Up 0.9 %

Shares of NYSE:CARS traded up $0.17 on Friday, reaching $19.87. 553,273 shares of the company traded hands, compared to its average volume of 488,514. The business’s 50-day simple moving average is $17.09 and its 200 day simple moving average is $18.18. Cars.com Inc. has a 52 week low of $15.05 and a 52 week high of $21.24. The stock has a market capitalization of $1.29 billion, a P/E 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 Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake in shares of Cars.com by 62,357.6% in the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after purchasing an additional 2,489,939 shares during the last quarter. Boston Partners grew its stake in shares of Cars.com by 25.0% in the first quarter. Boston Partners now owns 2,153,942 shares of the company’s stock worth $36,972,000 after purchasing an additional 430,654 shares during the last quarter. American Century Companies Inc. lifted its holdings in Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after buying an additional 175,094 shares during the period. FMR LLC lifted its holdings in Cars.com by 1.7% in the third quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after buying an additional 162,692 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Cars.com in the second quarter worth about $2,843,000. 89.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.