Cars.com Inc. (NYSE:CARS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its holdings in Cars.com Inc. (NYSE:CARS) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,216 shares of the company’s stock after selling 1,693 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Cars.com were worth $194,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of Cars.com by 35.9% in the 4th quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock valued at $4,939,000 after purchasing an additional 74,133 shares in the last quarter. Franklin Resources Inc. raised its holdings in Cars.com by 6.2% in the third quarter. Franklin Resources Inc. now owns 28,963 shares of the company’s stock valued at $460,000 after acquiring an additional 1,690 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cars.com by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company’s stock valued at $24,513,000 after acquiring an additional 6,021 shares during the last quarter. Barclays PLC grew its holdings in Cars.com by 340.9% during the 3rd quarter. Barclays PLC now owns 108,177 shares of the company’s stock worth $1,813,000 after acquiring an additional 83,642 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in Cars.com by 17.5% during the 3rd quarter. MML Investors Services LLC now owns 67,905 shares of the company’s stock worth $1,138,000 after acquiring an additional 10,137 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CARS shares. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Wednesday, November 13th. UBS Group increased their target price on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped 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.

Insider Buying and Selling at Cars.com

In other news, CFO Sonia Jain sold 24,971 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 229,229 shares in the company, valued at approximately $4,524,980.46. The trade was a 9.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jill A. Greenthal sold 4,524 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by company insiders.

Cars.com Stock Performance

Shares of NYSE CARS opened at $16.95 on Wednesday. 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’s 50-day moving average price is $18.29 and its two-hundred day moving average price is $17.81. Cars.com Inc. has a 52-week low of $15.05 and a 52-week high of $21.24. The stock has a market capitalization of $1.10 billion, a P/E ratio of 29.22 and a beta of 2.15.

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.