Jane Street Group LLC raised its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 20.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,352 shares of the company's stock after purchasing an additional 34,666 shares during the period. Jane Street Group LLC owned 0.32% of Cars.com worth $3,475,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Cars.com during the 2nd quarter worth about $378,000. Bank of New York Mellon Corp lifted its position in Cars.com by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 596,327 shares of the company's stock worth $11,748,000 after purchasing an additional 20,463 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Cars.com by 9,934.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,737 shares of the company's stock valued at $212,000 after purchasing an additional 10,630 shares in the last quarter. Natixis Advisors LLC acquired a new position in shares of Cars.com during the 2nd quarter valued at $242,000. Finally, Rhumbline Advisers increased its position in shares of Cars.com by 6.6% during the 2nd quarter. Rhumbline Advisers now owns 191,507 shares of the company's stock valued at $3,773,000 after purchasing an additional 11,900 shares during the period. Institutional investors own 89.15% of the company's stock.
Cars.com Stock Performance
CARS traded up $0.02 during midday trading on Friday, reaching $17.46. The company's stock had a trading volume of 2,020,738 shares, compared to its average volume of 498,351. 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 company has a fifty day simple moving average of $17.85 and a 200 day simple moving average of $18.17. The stock has a market cap of $1.13 billion, a P/E ratio of 30.10 and a beta of 2.12. Cars.com Inc. has a twelve month low of $15.05 and a twelve month high of $21.24.
Wall Street Analyst Weigh In
CARS has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Cars.com from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, November 8th. UBS Group upped their target price on Cars.com from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research report on Wednesday, November 13th.
Read Our Latest Research Report on Cars.com
Insider Activity at Cars.com
In other Cars.com news, Director Jill A. Greenthal sold 4,524 shares of the company'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 sale, the director now directly owns 101,963 shares of the company's stock, valued at approximately $2,024,985.18. This represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sonia Jain sold 24,971 shares of the firm's stock in a transaction that occurred on 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 directly owns 229,229 shares of the company's stock, valued at approximately $4,524,980.46. The trade was a 9.82 % decrease in their position. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by insiders.
About Cars.com
(
Free Report)
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.
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