Park Avenue Securities LLC Boosts Stock Position in Cars.com Inc. (NYSE:CARS)

Park Avenue Securities LLC boosted its stake in shares of Cars.com Inc. (NYSE:CARS) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,002 shares of the company’s stock after buying an additional 2,506 shares during the period. Park Avenue Securities LLC’s holdings in Cars.com were worth $312,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Cars.com by 1.7% in the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after acquiring an additional 162,692 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Cars.com by 62,357.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after purchasing an additional 2,489,939 shares in the last quarter. State Street Corp raised its stake in shares of Cars.com by 0.6% in the third quarter. State Street Corp now owns 2,419,422 shares of the company’s stock worth $40,550,000 after purchasing an additional 15,038 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cars.com by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company’s stock worth $24,513,000 after purchasing an additional 6,021 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cars.com by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company’s stock valued at $13,483,000 after buying an additional 17,501 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

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

Cars.com Trading Down 1.0 %

Shares of NYSE:CARS opened at $17.57 on Friday. 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 $1.14 billion, a price-to-earnings ratio of 30.29 and a beta of 2.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The stock’s 50-day simple moving average is $18.14 and its two-hundred day simple moving average is $17.75.

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.