Nisa Investment Advisors LLC Sells 15,528 Shares of Cars.com Inc. (NYSE:CARS)

Nisa Investment Advisors LLC lowered its stake in Cars.com Inc. (NYSE:CARS) by 65.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,028 shares of the company’s stock after selling 15,528 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cars.com were worth $139,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Cars.com in the second quarter valued at approximately $38,000. Advisors Asset Management Inc. boosted its stake in Cars.com by 145.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after purchasing an additional 1,864 shares during the period. CWM LLC increased its holdings in Cars.com by 62.4% during the 3rd quarter. CWM LLC now owns 3,569 shares of the company’s stock worth $60,000 after purchasing an additional 1,372 shares in the last quarter. MQS Management LLC bought a new position in Cars.com during the 3rd quarter worth about $171,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Cars.com in the 3rd quarter valued at about $191,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Cars.com

In other news, CFO Sonia Jain sold 24,971 shares of the company’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 value of $492,927.54. Following the transaction, the chief financial officer now owns 229,229 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 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 transaction, the director now owns 101,963 shares in the company, valued at approximately $2,024,985.18. This trade represents 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 Price Performance

Shares of NYSE CARS opened at $18.51 on Friday. 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 business’s 50 day moving average price is $18.14 and its two-hundred day moving average price is $17.74. The company has a market cap of $1.20 billion, a PE ratio of 31.91 and a beta of 2.15. Cars.com Inc. has a twelve month low of $15.05 and a twelve month high of $21.24.

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.