Cars.com Inc. (NYSE:CARS) Director Thomas E. Hale Sells 4,064 Shares

Cars.com Inc. (NYSE:CARSGet Rating) Director Thomas E. Hale sold 4,064 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $14.52, for a total value of $59,009.28. Following the sale, the director now owns 76,677 shares in the company, valued at approximately $1,113,350.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cars.com Trading Down 3.2 %

NYSE CARS opened at $14.65 on Tuesday. The business’s 50-day moving average price is $12.54 and its two-hundred day moving average price is $11.51. Cars.com Inc. has a 12 month low of $8.75 and a 12 month high of $19.09. The firm has a market capitalization of $975.84 million, a PE ratio of 1,466.47 and a beta of 1.94. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.28.

Institutional Investors Weigh In On Cars.com

Institutional investors and hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC boosted its position in shares of Cars.com by 58.8% during the 1st quarter. First Eagle Investment Management LLC now owns 45,027 shares of the company’s stock valued at $650,000 after purchasing an additional 16,673 shares in the last quarter. Coombe Bender & Co LLC bought a new stake in shares of Cars.com during the 2nd quarter valued at about $2,506,000. Jackson Creek Investment Advisors LLC boosted its position in shares of Cars.com by 5.2% during the 1st quarter. Jackson Creek Investment Advisors LLC now owns 82,203 shares of the company’s stock valued at $1,186,000 after purchasing an additional 4,052 shares in the last quarter. Greenwich Wealth Management LLC boosted its position in shares of Cars.com by 26.6% during the 2nd quarter. Greenwich Wealth Management LLC now owns 14,935 shares of the company’s stock valued at $141,000 after purchasing an additional 3,142 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Cars.com by 9.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 49,360 shares of the company’s stock valued at $465,000 after purchasing an additional 4,180 shares in the last quarter. Institutional investors own 99.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BTIG Research boosted their price objective on Cars.com to $18.00 in a research report on Tuesday, August 9th. DA Davidson reduced their price target on Cars.com from $18.00 to $17.50 and set a “buy” rating on the stock in a research report on Friday, November 4th.

About Cars.com

(Get Rating)

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.

Further Reading

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