Jill A. Greenthal Sells 4,524 Shares of Cars.com Inc. (NYSE:CARS) Stock

Cars.com Inc. (NYSE:CARS) Director Jill A. Greenthal sold 4,524 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total value of $89,846.64. Following the transaction, the director now owns 101,963 shares in the company, valued at $2,024,985.18. This trade represents a 4.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cars.com Stock Up 0.9 %

Shares of NYSE CARS opened at $19.87 on Monday. The business has a 50-day moving average of $17.09 and a two-hundred day moving average of $18.18. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 34.26 and a beta of 2.10. Cars.com Inc. has a 1 year low of $15.05 and a 1 year high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

Institutional Investors Weigh In On Cars.com

Several institutional investors have recently added to or reduced their stakes in CARS. Franklin Resources Inc. increased its stake in Cars.com by 6.2% in the third quarter. Franklin Resources Inc. now owns 28,963 shares of the company’s stock valued at $460,000 after purchasing an additional 1,690 shares during the last quarter. Geode Capital Management LLC raised its stake in Cars.com by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company’s stock worth $24,513,000 after acquiring an additional 6,021 shares in the last quarter. Barclays PLC lifted its position in Cars.com by 340.9% in the third quarter. Barclays PLC now owns 108,177 shares of the company’s stock valued at $1,813,000 after acquiring an additional 83,642 shares during the last quarter. MML Investors Services LLC boosted its stake in Cars.com by 17.5% in the third quarter. MML Investors Services LLC now owns 67,905 shares of the company’s stock valued at $1,138,000 after acquiring an additional 10,137 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Cars.com by 20.1% in the third quarter. Jane Street Group LLC now owns 207,352 shares of the company’s stock valued at $3,475,000 after acquiring an additional 34,666 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CARS shares. JPMorgan Chase & Co. raised their price target on shares of 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 target on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group boosted their price objective on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Wednesday, November 13th.

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.