Victory Capital Management Inc. Raises Position in Cars.com Inc. (NYSE:CARS)

Victory Capital Management Inc. grew its holdings in Cars.com Inc. (NYSE:CARS - Free Report) by 130.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,344 shares of the company's stock after buying an additional 26,276 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Cars.com worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Cars.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company's stock valued at $123,983,000 after buying an additional 81,645 shares during the period. Boston Partners raised its holdings in shares of Cars.com by 25.0% in the first quarter. Boston Partners now owns 2,153,942 shares of the company's stock valued at $36,972,000 after acquiring an additional 430,654 shares in the last quarter. American Century Companies Inc. lifted its stake in Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company's stock worth $21,252,000 after acquiring an additional 175,094 shares during the period. Bank of New York Mellon Corp grew its holdings in Cars.com by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 596,327 shares of the company's stock worth $11,748,000 after acquiring an additional 20,463 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Cars.com by 23.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 526,643 shares of the company's stock valued at $10,375,000 after purchasing an additional 101,000 shares during the period. 89.15% of the stock is currently owned by institutional investors.

Cars.com Stock Up 0.9 %

CARS stock traded up $0.17 on Friday, hitting $19.87. 553,273 shares of the company's stock were exchanged, compared to its average volume of 488,514. The firm has a 50 day moving average price of $17.09 and a two-hundred day moving average price of $18.18. Cars.com Inc. has a 12-month low of $15.05 and a 12-month high of $21.24. The stock has a market cap of $1.29 billion, a P/E ratio of 34.26 and a beta of 2.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Insiders Place Their Bets

In related news, CFO Sonia Jain sold 24,971 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total value of $492,927.54. Following the transaction, the chief financial officer now owns 229,229 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Jill A. Greenthal sold 4,524 shares of Cars.com stock in a transaction that occurred on 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 owns 101,963 shares of the company's stock, valued at approximately $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. Corporate insiders own 2.12% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CARS shares. JPMorgan Chase & Co. increased their price objective on shares of Cars.com from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. UBS Group increased their target price on Cars.com from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Cars.com in a research note on Wednesday, November 13th. Finally, B. Riley cut their target price on Cars.com from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, August 9th.

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.