Pacer Advisors Inc. Has $4.72 Million Stock Holdings in Cars.com Inc. $CARS

Pacer Advisors Inc. trimmed its position in Cars.com Inc. (NYSE:CARS) by 37.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,380 shares of the company’s stock after selling 230,273 shares during the period. Pacer Advisors Inc. owned approximately 0.63% of Cars.com worth $4,722,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Inspire Investing LLC grew its stake in Cars.com by 14.1% in the third quarter. Inspire Investing LLC now owns 37,154 shares of the company’s stock valued at $454,000 after acquiring an additional 4,585 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cars.com by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock worth $72,000 after purchasing an additional 1,279 shares in the last quarter. State of Wyoming acquired a new stake in Cars.com in the 2nd quarter valued at $115,000. Public Sector Pension Investment Board grew its position in Cars.com by 4.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 197,212 shares of the company’s stock valued at $2,337,000 after purchasing an additional 8,341 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in Cars.com by 6.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 76,904 shares of the company’s stock valued at $912,000 after purchasing an additional 4,629 shares in the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CARS shares. Zacks Research lowered shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. UBS Group upped their target price on shares of Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cars.com in a research note on Thursday, October 30th. Wall Street Zen raised Cars.com from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Cars.com presently has an average rating of “Moderate Buy” and a consensus target price of $17.70.

Insider Buying and Selling at Cars.com

In other news, insider Matthew B. Crawford sold 27,358 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $12.03, for a total transaction of $329,116.74. Following the completion of the transaction, the insider directly owned 71,103 shares of the company’s stock, valued at $855,369.09. This represents a 27.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sonia Jain sold 11,400 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $13.45, for a total value of $153,330.00. Following the transaction, the chief financial officer directly owned 243,642 shares of the company’s stock, valued at approximately $3,276,984.90. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.12% of the company’s stock.

Cars.com Trading Down 0.0%

Shares of CARS stock opened at $12.57 on Tuesday. Cars.com Inc. has a 52-week low of $9.56 and a 52-week high of $19.00. The company has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $12.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $751.51 million, a price-to-earnings ratio of 27.32 and a beta of 1.45.

Cars.com (NYSE:CARS) last released its earnings results on Thursday, November 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $181.57 million during the quarter, compared to the consensus estimate of $181.37 million. Cars.com had a net margin of 4.16% and a return on equity of 18.32%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. Research analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Cars.com Company Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.