Cars.com Inc. (NYSE:CARS) Shares Sold by Greenvale Capital LLP

Greenvale Capital LLP lowered its position in Cars.com Inc. (NYSE:CARS) by 20.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,710,793 shares of the company’s stock after selling 940,960 shares during the quarter. Cars.com accounts for approximately 4.6% of Greenvale Capital LLP’s holdings, making the stock its 12th biggest holding. Greenvale Capital LLP owned about 5.61% of Cars.com worth $73,103,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CARS. Headlands Technologies LLC acquired a new stake in shares of Cars.com in the 1st quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cars.com in the 2nd quarter worth about $38,000. CWM LLC boosted its holdings in shares of Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after acquiring an additional 1,575 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Cars.com by 23.3% in the first quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock valued at $175,000 after acquiring an additional 1,922 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Cars.com in the first quarter valued at approximately $177,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Stock Up 0.3 %

CARS stock opened at $16.77 on Tuesday. Cars.com Inc. has a 12 month low of $14.82 and a 12 month high of $21.24. The firm has a market cap of $1.11 billion, a PE ratio of 10.68 and a beta of 2.11. The firm has a 50 day simple moving average of $17.94 and a 200 day simple moving average of $18.16. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.53.

Cars.com (NYSE:CARS) last released its earnings results on Thursday, August 8th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Cars.com had a net margin of 3.51% and a return on equity of 6.70%. The business had revenue of $178.89 million for the quarter, compared to analyst estimates of $181.51 million. Equities research analysts forecast that Cars.com Inc. will post 1.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CARS. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Friday, August 23rd. UBS Group decreased their price objective on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Cars.com from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $19.00 in a report on Friday, August 9th. Finally, B. Riley decreased their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Insider Activity at Cars.com

In related news, CEO Thomas Alex Vetter sold 17,674 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $19.23, for a total value of $339,871.02. Following the completion of the sale, the chief executive officer now owns 598,934 shares in the company, valued at approximately $11,517,500.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.12% of the company’s stock.

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.