New York State Teachers Retirement System Sells 5,997 Shares of Cars.com Inc. (NYSE:CARS)

New York State Teachers Retirement System trimmed its stake in shares of Cars.com Inc. (NYSE:CARS) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,386 shares of the company’s stock after selling 5,997 shares during the quarter. New York State Teachers Retirement System’s holdings in Cars.com were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MetLife Investment Management LLC increased its stake in Cars.com by 55.2% in the 1st quarter. MetLife Investment Management LLC now owns 37,039 shares of the company’s stock worth $534,000 after acquiring an additional 13,181 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cars.com by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,998 shares of the company’s stock worth $808,000 after acquiring an additional 6,904 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cars.com by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,505,811 shares of the company’s stock worth $50,591,000 after acquiring an additional 45,753 shares during the last quarter. Quantedge Capital Pte Ltd bought a new position in Cars.com in the 1st quarter worth about $215,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Cars.com in the 1st quarter worth about $1,534,000. 89.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity at Cars.com

In related news, CEO Thomas Alex Vetter sold 17,666 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.00, for a total transaction of $335,654.00. Following the completion of the sale, the chief executive officer now directly owns 568,885 shares in the company, valued at approximately $10,808,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Douglas Neal Miller sold 1,823 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total value of $33,725.50. Following the completion of the transaction, the insider now owns 181,596 shares of the company’s stock, valued at approximately $3,359,526. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Alex Vetter sold 17,666 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.00, for a total value of $335,654.00. Following the completion of the transaction, the chief executive officer now directly owns 568,885 shares of the company’s stock, valued at approximately $10,808,815. The disclosure for this sale can be found here. Insiders sold 34,488 shares of company stock worth $654,361 in the last ninety days. 1.59% of the stock is owned by company insiders.

Cars.com Price Performance

Shares of Cars.com stock opened at $16.16 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.06 billion, a PE ratio of 9.34 and a beta of 2.05. The business’s 50-day moving average price is $17.55 and its 200-day moving average price is $17.82. Cars.com Inc. has a 12 month low of $14.82 and a 12 month high of $22.84.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The firm had revenue of $179.60 million for the quarter, compared to the consensus estimate of $178.40 million. Cars.com had a net margin of 17.19% and a return on equity of 25.78%. Cars.com’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Sell-side analysts forecast that Cars.com Inc. will post 0.55 EPS for the current fiscal year.

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.