Thrivent Financial for Lutherans Decreases Stock Position in Cars.com Inc. (NYSE:CARS)

Thrivent Financial for Lutherans cut its stake in shares of Cars.com Inc. (NYSE:CARS) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,697 shares of the company’s stock after selling 3,348 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Cars.com worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CARS. Price T Rowe Associates Inc. MD raised its position in Cars.com by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock valued at $757,000 after purchasing an additional 2,692 shares during the last quarter. American Century Companies Inc. increased its position in Cars.com by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after purchasing an additional 175,094 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Cars.com during the third quarter valued at about $1,222,000. CWM LLC raised its stake in Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after buying an additional 1,575 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Cars.com by 23.7% in the second quarter. First Eagle Investment Management LLC now owns 526,643 shares of the company’s stock worth $10,375,000 after buying an additional 101,000 shares during the period. 89.15% of the stock is owned by hedge funds and other institutional investors.

Cars.com Stock Down 0.1 %

Cars.com stock opened at $19.94 on Wednesday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 34.38 and a beta of 2.12. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com Inc. has a 12 month low of $15.05 and a 12 month high of $21.24. The stock has a fifty day simple moving average of $17.18 and a two-hundred day simple moving average of $18.20.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CARS. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Wednesday, November 13th. B. Riley dropped their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, UBS Group lifted their price target on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

Insider Buying and Selling

In other news, Director Jill A. Greenthal sold 4,524 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total value of $89,846.64. Following the transaction, the director now directly owns 101,963 shares in the company, valued at $2,024,985.18. This trade represents a 4.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sonia Jain sold 24,971 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total value of $492,927.54. Following the sale, the chief financial officer now owns 229,229 shares of the company’s stock, valued at approximately $4,524,980.46. This trade represents a 9.82 % decrease in their position. The disclosure for this sale can be found here. 2.12% of the stock is owned by corporate insiders.

Cars.com 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.