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 firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at approximately $4,524,980.46. This trade represents a 9.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cars.com Stock Up 0.9 %

Cars.com stock opened at $19.87 on Monday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 34.26 and a beta of 2.10. The stock has a fifty day simple moving average of $17.09 and a two-hundred day simple moving average of $18.18. Cars.com Inc. has a 12 month low of $15.05 and a 12 month high of $21.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

Analyst Upgrades and Downgrades

CARS has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised their price objective on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. B. Riley reduced their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, UBS Group raised their price objective on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Institutional Trading of Cars.com

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in shares of 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 acquiring an additional 162,692 shares during the period. Vanguard Group Inc. grew its holdings in shares of Cars.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after acquiring an additional 81,645 shares during the period. Pacer Advisors Inc. grew its holdings 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 acquiring an additional 2,489,939 shares during the period. State Street Corp grew its holdings in shares of Cars.com by 0.6% in the third quarter. State Street Corp now owns 2,419,422 shares of the company’s stock worth $40,550,000 after acquiring an additional 15,038 shares during the period. Finally, Boston Partners lifted its position in Cars.com by 25.0% during the first quarter. Boston Partners now owns 2,153,942 shares of the company’s stock valued at $36,972,000 after purchasing an additional 430,654 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

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.