Advisors Asset Management Inc. Has $53,000 Stock Holdings in Cars.com Inc. (NYSE:CARS)

Advisors Asset Management Inc. lifted its stake in Cars.com Inc. (NYSE:CARS) by 145.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,148 shares of the company’s stock after acquiring an additional 1,864 shares during the quarter. Advisors Asset Management Inc.’s holdings in Cars.com were worth $53,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MQS Management LLC acquired a new position in shares of Cars.com during the 3rd quarter worth about $171,000. Victory Capital Management Inc. increased its position in Cars.com by 130.9% during the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after buying an additional 26,276 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Cars.com in the third quarter valued at approximately $1,222,000. Versor Investments LP bought a new stake in Cars.com in the third quarter valued at approximately $456,000. Finally, Assetmark Inc. lifted its position in shares of Cars.com by 11.2% in the third quarter. Assetmark Inc. now owns 54,410 shares of the company’s stock valued at $912,000 after buying an additional 5,461 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CARS shares. UBS Group increased their price target on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. B. Riley reduced their target price 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. JPMorgan Chase & Co. increased their price target on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Wednesday, November 13th.

Cars.com Stock Performance

NYSE CARS opened at $19.87 on Friday. Cars.com Inc. has a 12-month low of $15.05 and a 12-month high of $21.24. The firm has a 50-day moving average price of $17.09 and a two-hundred day moving average price of $18.19. The company has a market capitalization of $1.29 billion, a P/E ratio of 34.26 and a beta of 2.10. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Insider Activity at Cars.com

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