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

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

Cars.com Price Performance

NYSE:CARS traded up $0.17 during trading hours on Friday, reaching $19.87. The stock had a trading volume of 553,273 shares, compared to its average volume of 488,514. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a 52 week low of $15.05 and a 52 week high of $21.24. The company has a 50 day moving average price of $17.09 and a two-hundred day moving average price of $18.18. The stock has a market capitalization of $1.29 billion, a PE ratio of 34.26 and a beta of 2.10.

Institutional Trading of Cars.com

A number of large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of Cars.com by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock valued at $757,000 after purchasing an additional 2,692 shares during the last quarter. American Century Companies Inc. boosted its holdings in Cars.com by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after acquiring an additional 175,094 shares during the period. Vanguard Group Inc. boosted its holdings in Cars.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock valued at $123,983,000 after acquiring an additional 81,645 shares during the period. GSA Capital Partners LLP purchased a new position in Cars.com during the 3rd quarter valued at $1,222,000. Finally, CWM LLC boosted its holdings in Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after acquiring an additional 1,575 shares during the period. Institutional investors own 89.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. 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. B. Riley lowered their price objective 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. JPMorgan Chase & Co. boosted their price target on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group boosted their price target on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

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.