Insider Selling: Cars.com Inc. (NYSE:CARS) CFO Sells 24,971 Shares of Stock

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 24,971 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 229,229 shares of the company’s stock, valued at $4,524,980.46. This represents a 9.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Cars.com Stock Performance

Shares of NYSE:CARS traded up $0.17 during trading on Friday, hitting $19.87. 553,273 shares of the company were exchanged, compared to its average volume of 488,514. The company has a market cap of $1.29 billion, a PE ratio of 34.26 and a beta of 2.10. The stock has a 50 day moving average of $17.09 and a 200 day moving average of $18.18. Cars.com Inc. has a 52-week low of $15.05 and a 52-week 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

Institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cars.com in the second quarter worth $38,000. CWM LLC raised its position in shares of Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after buying an additional 1,575 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after buying an additional 1,864 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Cars.com in the second quarter worth $180,000. Finally, MQS Management LLC purchased a new stake in shares of Cars.com in the third quarter worth $171,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CARS shares. UBS Group boosted their price objective on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Wednesday, November 13th. Finally, 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 report on Friday, August 9th.

About Cars.com

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.