Cars.com Inc. (NYSE:CARS) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC trimmed its stake in shares of Cars.com Inc. (NYSE:CARSFree Report) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,719 shares of the company’s stock after selling 1,832 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.20% of Cars.com worth $2,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in shares of Cars.com by 138.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 51,454 shares of the company’s stock worth $868,000 after acquiring an additional 29,913 shares in the last quarter. Kendall Capital Management boosted its position in shares of Cars.com by 122.3% during the 3rd quarter. Kendall Capital Management now owns 28,120 shares of the company’s stock worth $474,000 after acquiring an additional 15,470 shares in the last quarter. Watershed Asset Management L.L.C. boosted its position in shares of Cars.com by 11.5% during the 3rd quarter. Watershed Asset Management L.L.C. now owns 16,305 shares of the company’s stock worth $275,000 after acquiring an additional 1,688 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Cars.com during the 3rd quarter worth about $763,000. Finally, TD Asset Management Inc acquired a new position in shares of Cars.com during the 3rd quarter worth about $191,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Cars.com Price Performance

Shares of NYSE CARS opened at $17.13 on Thursday. The stock has a market cap of $1.13 billion, a PE ratio of 9.73 and a beta of 2.10. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.89. Cars.com Inc. has a 52-week low of $14.82 and a 52-week high of $22.84. The business has a 50-day moving average price of $18.69 and a 200 day moving average price of $18.66.

Cars.com (NYSE:CARSGet Free Report) last announced its earnings results on Thursday, November 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The firm had revenue of $174.33 million during the quarter, compared to analyst estimates of $173.02 million. Cars.com had a net margin of 17.76% and a return on equity of 27.83%. Equities research analysts forecast that Cars.com Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on Cars.com from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cars.com presently has a consensus rating of “Moderate Buy” and an average price target of $23.54.

Read Our Latest Analysis on CARS

Insider Activity at Cars.com

In related news, CEO Thomas Alex Vetter sold 14,066 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.00, for a total value of $267,254.00. Following the completion of the sale, the chief executive officer now directly owns 643,149 shares of the company’s stock, valued at approximately $12,219,831. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cars.com news, CFO Sonia Jain sold 21,956 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $19.02, for a total transaction of $417,603.12. Following the completion of the sale, the chief financial officer now directly owns 273,033 shares of the company’s stock, valued at approximately $5,193,087.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Alex Vetter sold 14,066 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $19.00, for a total value of $267,254.00. Following the sale, the chief executive officer now directly owns 643,149 shares of the company’s stock, valued at $12,219,831. The disclosure for this sale can be found here. Insiders sold a total of 79,217 shares of company stock valued at $1,504,667 in the last three months. 1.59% of the stock is currently owned by company insiders.

Cars.com Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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