Cars.com Inc. (NYSE:CARS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in shares of Cars.com Inc. (NYSE:CARS) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 409,537 shares of the company’s stock after selling 80,552 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cars.com were worth $7,769,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. grew its holdings in shares of Cars.com by 118.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock valued at $31,000 after buying an additional 896 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Cars.com by 103.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,073 shares of the company’s stock valued at $39,000 after purchasing an additional 1,056 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Cars.com by 109.1% in the fourth quarter. Wolverine Asset Management LLC now owns 3,749 shares of the company’s stock worth $71,000 after purchasing an additional 45,000 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Cars.com in the fourth quarter worth about $119,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Cars.com in the third quarter valued at approximately $183,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Stock Down 0.8 %

Cars.com stock opened at $17.24 on Wednesday. Cars.com Inc. has a 52 week low of $14.82 and a 52 week high of $22.84. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 9.97 and a beta of 2.05. The business’s 50-day moving average price is $17.16 and its 200 day moving average price is $17.85. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.93.

Cars.com (NYSE:CARS) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Cars.com had a return on equity of 25.78% and a net margin of 17.19%. The firm had revenue of $179.60 million for the quarter, compared to analyst estimates of $178.40 million. During the same period in the previous year, the business earned $0.15 EPS. Cars.com’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cars.com Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Monday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity

In related news, CEO Thomas Alex Vetter sold 14,999 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total transaction of $284,981.00. Following the completion of the sale, the chief executive officer now directly owns 553,886 shares in the company, valued at $10,523,834. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Thomas Alex Vetter sold 14,999 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $19.00, for a total transaction of $284,981.00. Following the transaction, the chief executive officer now directly owns 553,886 shares in the company, valued at $10,523,834. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total transaction of $33,725.50. Following the completion of the transaction, the insider now directly owns 181,596 shares in the company, valued at $3,359,526. The disclosure for this sale can be found here. Insiders have sold a total of 34,488 shares of company stock worth $654,361 over the last quarter. 2.12% of the stock is currently owned by corporate insiders.

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.