Allspring Global Investments Holdings LLC Has $139,000 Holdings in Cars.com Inc. (NYSE:CARS)

Allspring Global Investments Holdings LLC increased its position in shares of Cars.com Inc. (NYSE:CARSFree Report) by 31.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,004 shares of the company’s stock after buying an additional 1,684 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cars.com were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CARS. MetLife Investment Management LLC increased its holdings in Cars.com by 55.2% during the first quarter. MetLife Investment Management LLC now owns 37,039 shares of the company’s stock worth $534,000 after buying an additional 13,181 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Cars.com by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,998 shares of the company’s stock worth $808,000 after buying an additional 6,904 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Cars.com by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,505,811 shares of the company’s stock worth $50,591,000 after buying an additional 45,753 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new position in Cars.com during the first quarter worth $215,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Cars.com during the first quarter worth $1,534,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Thomas Alex Vetter sold 17,666 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $19.00, for a total value of $335,654.00. Following the completion of the sale, the chief executive officer now owns 657,215 shares of the company’s stock, valued at $12,487,085. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Thomas Alex Vetter sold 17,666 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $19.00, for a total transaction of $335,654.00. Following the completion of the sale, the chief executive officer now owns 657,215 shares of the company’s stock, valued at $12,487,085. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angelique Strong Marks sold 4,263 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $18.79, for a total transaction of $80,101.77. Following the sale, the insider now directly owns 92,699 shares of the company’s stock, valued at approximately $1,741,814.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,995 shares of company stock valued at $683,010. 1.59% of the stock is owned by company insiders.

Cars.com Trading Up 2.5 %

Shares of Cars.com stock opened at $19.57 on Wednesday. The firm has a 50-day moving average of $17.15 and a 200-day moving average of $18.63. The stock has a market cap of $1.30 billion, a PE ratio of 11.12 and a beta of 2.07. Cars.com Inc. has a 52-week low of $12.70 and a 52-week high of $22.84. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.45 and a current ratio of 1.45.

Analyst Ratings Changes

Several equities analysts have commented on CARS shares. Craig Hallum upped their price objective on shares of Cars.com from $22.00 to $24.00 in a report on Friday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of Cars.com from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, October 16th. UBS Group started coverage on shares of Cars.com in a report on Friday, September 15th. They issued a “neutral” rating and a $20.00 price objective on the stock. Finally, B. Riley started coverage on shares of Cars.com in a report on Wednesday, July 19th. They issued a “buy” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.54.

View Our Latest Stock Report on CARS

Cars.com Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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