Cars.com Inc. (NYSE:CARS) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lowered its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,000 shares of the company's stock after selling 40,000 shares during the period. ArrowMark Colorado Holdings LLC owned 0.80% of Cars.com worth $8,732,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cars.com during the second quarter valued at about $38,000. CWM LLC increased its holdings in Cars.com by 253.2% in the 2nd quarter. CWM LLC now owns 2,197 shares of the company's stock worth $43,000 after buying an additional 1,575 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Cars.com by 145.2% during the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company's stock valued at $53,000 after purchasing an additional 1,864 shares during the last quarter. MQS Management LLC purchased a new position in shares of Cars.com in the 3rd quarter worth $171,000. Finally, Point72 DIFC Ltd purchased a new position in Cars.com in the second quarter worth about $180,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CARS shares. JPMorgan Chase & Co. increased their target price on shares of Cars.com from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. B. Riley reduced their target price on shares of Cars.com from $27.00 to $26.00 and set a "buy" rating on the stock 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 report on Wednesday, November 13th. Finally, UBS Group increased 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.

Cars.com Stock Performance

CARS traded up $0.01 during midday trading on Tuesday, hitting $19.96. 167,481 shares of the company were exchanged, compared to its average volume of 489,635. The company's 50 day simple moving average is $17.13 and its 200 day simple moving average is $18.19. 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 firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 34.41 and a beta of 2.12. Cars.com Inc. has a 1-year low of $15.05 and a 1-year high of $21.24.

Insiders Place Their Bets

In other Cars.com news, CFO Sonia Jain sold 24,971 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total value of $492,927.54. Following the completion of the sale, the chief financial officer now directly owns 229,229 shares in the company, valued at $4,524,980.46. This represents a 9.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jill A. Greenthal sold 4,524 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $19.86, for a total transaction 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. The trade was a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by company insiders.

Cars.com Profile

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.