Cars.com Inc. (NYSE:CARS) Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP trimmed its position in Cars.com Inc. (NYSE:CARS - Free Report) by 83.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,595 shares of the company's stock after selling 267,100 shares during the period. Weiss Asset Management LP owned about 0.08% of Cars.com worth $881,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group boosted their target price on Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on Cars.com from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, 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.

Cars.com Trading Up 1.9 %

CARS traded up $0.36 during trading hours on Monday, reaching $19.14. The company's stock had a trading volume of 593,922 shares, compared to its average volume of 493,085. Cars.com Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $21.24. The stock has a market cap of $1.24 billion, a PE ratio of 32.86 and a beta of 2.12. The business's 50-day moving average is $17.34 and its 200-day moving average is $18.22. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

Insider Buying and Selling at Cars.com

In other news, Director Jill A. Greenthal sold 4,524 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was 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. This represents a 4.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. 2.12% of the stock is owned by corporate insiders.

Cars.com Company 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.