Cars.com Inc. (NYSE:CARS) CFO Sonia Jain Sells 24,971 Shares

Cars.com Inc. (NYSE:CARS) CFO Sonia Jain sold 24,971 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total transaction of $492,927.54. Following the sale, the chief financial officer now owns 229,229 shares in the company, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cars.com Stock Up 0.9 %

Shares of Cars.com stock opened at $19.87 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com Inc. has a 52-week low of $15.05 and a 52-week high of $21.24. The company has a market capitalization of $1.29 billion, a P/E ratio of 34.26 and a beta of 2.10. The company has a 50 day moving average of $17.09 and a 200 day moving average of $18.18.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley dropped their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research note on Wednesday, November 13th. UBS Group upped 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, JPMorgan Chase & Co. boosted their target price on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Cars.com

Several institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in Cars.com by 8.0% in the third quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock valued at $244,000 after buying an additional 1,075 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Cars.com by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,832 shares of the company’s stock valued at $627,000 after acquiring an additional 1,101 shares during the last quarter. CWM LLC increased its holdings in shares of Cars.com by 62.4% in the 3rd quarter. CWM LLC now owns 3,569 shares of the company’s stock valued at $60,000 after acquiring an additional 1,372 shares during the last quarter. TD Asset Management Inc raised its position in shares of Cars.com by 8.7% during the 2nd quarter. TD Asset Management Inc now owns 19,900 shares of the company’s stock worth $392,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Cars.com by 6.2% during the third quarter. Franklin Resources Inc. now owns 28,963 shares of the company’s stock worth $460,000 after purchasing an additional 1,690 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

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.