New York State Teachers Retirement System Trims Stock Holdings in Cars.com Inc. (NYSE:CARS)

New York State Teachers Retirement System reduced its stake in Cars.com Inc. (NYSE:CARS) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,386 shares of the company’s stock after selling 5,997 shares during the period. New York State Teachers Retirement System’s holdings in Cars.com were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position 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 valued at $31,000 after acquiring an additional 1,126 shares in the last quarter. Pacer Advisors Inc. grew its position in Cars.com by 118.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock valued at $31,000 after acquiring an additional 896 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Cars.com in the 4th quarter valued at about $33,000. State of Wyoming acquired a new position in Cars.com in the 2nd quarter valued at about $86,000. Finally, Captrust Financial Advisors grew its position in Cars.com by 117.4% in the 2nd quarter. Captrust Financial Advisors now owns 5,392 shares of the company’s stock valued at $51,000 after acquiring an additional 2,912 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cars.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Cars.com Price Performance

Cars.com stock opened at $16.16 on Friday. Cars.com Inc. has a 12 month low of $14.82 and a 12 month high of $22.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $17.55 and a 200-day simple moving average of $17.82. The stock has a market capitalization of $1.06 billion, a PE ratio of 9.34 and a beta of 2.05.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). The business had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $178.40 million. Cars.com had a return on equity of 25.78% and a net margin of 17.19%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts predict that Cars.com Inc. will post 0.55 earnings per share for the current year.

Insider Activity at Cars.com

In related news, CEO Thomas Alex Vetter sold 17,666 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.00, for a total transaction of $335,654.00. Following the sale, the chief executive officer now owns 568,885 shares of the company’s stock, valued at $10,808,815. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Douglas Neal Miller sold 1,823 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $18.50, for a total transaction of $33,725.50. Following the transaction, the insider now directly owns 181,596 shares in the company, valued at $3,359,526. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Alex Vetter sold 17,666 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.00, for a total value of $335,654.00. Following the transaction, the chief executive officer now owns 568,885 shares in the company, valued at $10,808,815. The disclosure for this sale can be found here. Insiders have sold a total of 34,488 shares of company stock valued at $654,361 over the last quarter. Insiders own 1.59% of the company’s stock.

About Cars.com

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.