Pacer Advisors Inc. Has $44.35 Million Stake in Cars.com Inc. (NYSE:CARS)

Pacer Advisors Inc. increased its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,559,142 shares of the company's stock after purchasing an additional 65,210 shares during the period. Pacer Advisors Inc. owned 3.95% of Cars.com worth $44,350,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Cars.com by 40.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 232,721 shares of the company's stock valued at $4,585,000 after purchasing an additional 66,545 shares in the last quarter. XTX Topco Ltd acquired a new position in Cars.com in the second quarter worth approximately $207,000. Cubist Systematic Strategies LLC bought a new position in shares of Cars.com in the second quarter valued at $2,843,000. Squarepoint Ops LLC lifted its position in shares of Cars.com by 163.6% during the 2nd quarter. Squarepoint Ops LLC now owns 45,820 shares of the company's stock valued at $903,000 after acquiring an additional 117,820 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cars.com during the 2nd quarter worth $38,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cars.com

In other news, Director Jill A. Greenthal sold 4,524 shares of Cars.com 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 transaction, the director now directly owns 101,963 shares in the company, valued at approximately $2,024,985.18. The trade was a 4.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sonia Jain sold 24,971 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now owns 229,229 shares in the company, 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 owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on CARS shares. JPMorgan Chase & Co. raised 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. UBS Group lifted their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, 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 Tuesday.

Cars.com Stock Up 2.8 %

NYSE:CARS traded up $0.51 during mid-day trading on Tuesday, reaching $18.63. The stock had a trading volume of 644,250 shares, compared to its average volume of 410,156. The stock has a market cap of $1.21 billion, a P/E ratio of 32.12 and a beta of 2.15. The business's 50 day moving average is $18.13 and its 200 day moving average is $17.73. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. Cars.com Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $21.24.

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.