Texas Permanent School Fund Corp Trims Stake in Cars.com Inc. (NYSE:CARS)

Texas Permanent School Fund Corp trimmed its stake in Cars.com Inc. (NYSE:CARS) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,635 shares of the company’s stock after selling 919 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Cars.com worth $1,083,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Cars.com by 230.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,615 shares of the company’s stock worth $31,000 after buying an additional 1,126 shares during the period. Altshuler Shaham Ltd bought a new position in Cars.com in the 4th quarter worth $33,000. Captrust Financial Advisors boosted its holdings in shares of Cars.com by 117.4% during the 2nd 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 during the last quarter. State of Wyoming bought a new position in shares of Cars.com during the 4th quarter valued at about $60,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Cars.com by 1,350.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 215,999 shares of the company’s stock valued at $62,000 after purchasing an additional 201,106 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas Alex Vetter sold 21,266 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $19.00, for a total value of $404,054.00. Following the sale, the chief executive officer now directly owns 621,883 shares of the company’s stock, valued at approximately $11,815,777. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Angelique Strong Marks sold 4,263 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $18.79, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Alex Vetter sold 21,266 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $19.00, for a total transaction of $404,054.00. Following the transaction, the chief executive officer now directly owns 621,883 shares in the company, valued at $11,815,777. The disclosure for this sale can be found here. Insiders have sold 57,261 shares of company stock valued at $1,087,064 in the last ninety days. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on CARS shares. JPMorgan Chase & Co. increased 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. Craig Hallum increased their price objective on shares of Cars.com from $22.00 to $24.00 in a report on Friday, August 4th. Finally, UBS Group began coverage on shares of Cars.com in a report on Friday, September 15th. They issued a “neutral” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Cars.com has an average rating of “Moderate Buy” and a consensus target price of $23.54.

Cars.com Stock Up 2.5 %

Shares of NYSE:CARS opened at $19.39 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.89. Cars.com Inc. has a 12 month low of $12.70 and a 12 month high of $22.84. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 11.02 and a beta of 2.07. The company has a 50-day moving average price of $17.20 and a 200 day moving average price of $18.62.

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.