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

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

Cars.com Price Performance

CARS opened at $19.87 on Friday. The stock has a 50-day moving average price of $17.09 and a 200-day moving average price of $18.19. Cars.com Inc. has a 12-month low of $15.05 and a 12-month high of $21.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.29 billion, a P/E ratio of 34.26 and a beta of 2.10.

Institutional Investors Weigh In On Cars.com

Several institutional investors have recently bought and sold shares of CARS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cars.com during the 2nd quarter valued at about $38,000. 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. Advisors Asset Management Inc. lifted its holdings in Cars.com by 145.2% in the 3rd 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 during the period. MQS Management LLC purchased a new stake in Cars.com in the 3rd quarter worth approximately $171,000. Finally, Point72 DIFC Ltd purchased a new stake in Cars.com in the 2nd quarter worth approximately $180,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CARS. UBS Group upped their target price on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Wednesday, November 13th. B. Riley cut 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. Finally, JPMorgan Chase & Co. upped 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.

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.