BNP Paribas Financial Markets Grows Stock Holdings in Cars.com Inc. (NYSE:CARS)

BNP Paribas Financial Markets lifted its holdings in Cars.com Inc. (NYSE:CARS) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,541 shares of the company’s stock after acquiring an additional 1,075 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cars.com were worth $244,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CARS. American Century Companies Inc. lifted its holdings in Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after acquiring an additional 175,094 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Cars.com during the 3rd quarter valued at approximately $1,222,000. Victory Capital Management Inc. lifted its stake in shares of Cars.com by 130.9% in the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock valued at $777,000 after purchasing an additional 26,276 shares during the period. CWM LLC boosted its holdings in Cars.com by 253.2% during 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 grew its position in Cars.com by 23.7% during the second quarter. First Eagle Investment Management LLC now owns 526,643 shares of the company’s stock valued at $10,375,000 after buying an additional 101,000 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Stock Up 2.0 %

CARS stock opened at $18.70 on Tuesday. Cars.com Inc. has a 52 week low of $15.05 and a 52 week high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a 50-day simple moving average of $17.69 and a 200-day simple moving average of $18.22. The stock has a market capitalization of $1.21 billion, a P/E ratio of 32.24 and a beta of 2.12.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CARS. JPMorgan Chase & Co. upped their price objective on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group upped their price target on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Wednesday, November 13th.

Insider Buying and Selling

In other Cars.com news, Director Jill A. Greenthal sold 4,524 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 101,963 shares of the company’s stock, valued at $2,024,985.18. This trade represents a 4.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sonia Jain sold 24,971 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 229,229 shares of the company’s stock, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by insiders.

Cars.com Company 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.