Cars.com Inc. (NYSE:CARS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of Cars.com Inc. (NYSE:CARS – Get Rating) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,542 shares of the company’s stock after selling 14,453 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of Cars.com worth $875,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CARS. Captrust Financial Advisors lifted its holdings in shares of Cars.com by 117.4% in the second quarter. Captrust Financial Advisors now owns 5,392 shares of the company’s stock valued at $51,000 after purchasing an additional 2,912 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Cars.com by 57.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,852 shares of the company’s stock worth $56,000 after purchasing an additional 1,762 shares in the last quarter. UBS Group AG lifted its position in shares of Cars.com by 597.8% in the third quarter. UBS Group AG now owns 6,078 shares of the company’s stock worth $70,000 after purchasing an additional 5,207 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cars.com by 17.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,821 shares of the company’s stock worth $135,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Cars.com by 14.4% in the third quarter. Mutual of America Capital Management LLC now owns 12,557 shares of the company’s stock worth $144,000 after purchasing an additional 1,585 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Thomas Alex Vetter sold 1,600 shares of Cars.com stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $17.09, for a total value of $27,344.00. Following the transaction, the chief executive officer now directly owns 507,910 shares in the company, valued at $8,680,181.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Douglas Neal Miller sold 5,500 shares of Cars.com stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $16.77, for a total value of $92,235.00. Following the transaction, the insider now directly owns 207,993 shares in the company, valued at $3,488,042.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Alex Vetter sold 1,600 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $17.09, for a total transaction of $27,344.00. Following the transaction, the chief executive officer now directly owns 507,910 shares in the company, valued at approximately $8,680,181.90. The disclosure for this sale can be found here. Insiders have sold a total of 133,760 shares of company stock valued at $2,404,092 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CARS shares. Craig Hallum increased their price target on shares of Cars.com from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. TheStreet upgraded Cars.com from a “c” rating to a “b” rating in a report on Thursday, May 4th. DA Davidson raised their price objective on shares of Cars.com from $17.50 to $23.25 and gave the company a “buy” rating in a research report on Friday, February 24th. Finally, BTIG Research raised their price objective on shares of Cars.com from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 24th.

Cars.com Price Performance

NYSE CARS opened at $18.21 on Wednesday. Cars.com Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $20.42. The stock’s 50-day moving average is $18.72 and its two-hundred day moving average is $16.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $1.21 billion, a P/E ratio of 50.58 and a beta of 1.94.

Cars.com (NYSE:CARS – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. Cars.com had a net margin of 3.67% and a return on equity of 6.33%. The company had revenue of $167.10 million for the quarter, compared to analyst estimates of $166.91 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.

Cars.com Company Profile

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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.