Amalgamated Bank Sells 736 Shares of Cars.com Inc. (NYSE:CARS)

Amalgamated Bank lessened its position in shares of Cars.com Inc. (NYSE:CARS) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,156 shares of the company’s stock after selling 736 shares during the period. Amalgamated Bank’s holdings in Cars.com were worth $304,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Cars.com by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock worth $757,000 after buying an additional 2,692 shares during the period. American Century Companies Inc. boosted 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 worth $21,252,000 after acquiring an additional 175,094 shares during the last quarter. Vanguard Group Inc. boosted its position in Cars.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after acquiring an additional 81,645 shares during the last quarter. CWM LLC grew its stake in shares of Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after acquiring an additional 1,575 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Cars.com by 23.7% in the second quarter. First Eagle Investment Management LLC now owns 526,643 shares of the company’s stock valued at $10,375,000 after purchasing an additional 101,000 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.

Cars.com Trading Up 0.1 %

Cars.com stock opened at $18.72 on Monday. The stock has a 50-day simple moving average of $16.78 and a 200 day simple moving average of $18.06. The stock has a market capitalization of $1.21 billion, a P/E ratio of 32.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a 52 week low of $15.05 and a 52 week high of $21.24.

Analysts Set New Price Targets

CARS has been the subject of several recent research reports. Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Cars.com in a report on Wednesday, November 13th. UBS Group increased their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. B. Riley lowered their target price 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. Finally, JPMorgan Chase & Co. increased their price target on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

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.