Cars.com Inc. (NYSE:CARS) Stake Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Cars.com Inc. (NYSE:CARS) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,779 shares of the company’s stock after selling 1,012 shares during the quarter. Yousif Capital Management LLC’s holdings in Cars.com were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in Cars.com by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock worth $44,350,000 after buying an additional 65,210 shares in the last quarter. KBC Group NV raised its stake in shares of Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after purchasing an additional 1,575 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Cars.com by 74.2% in the 4th quarter. SG Americas Securities LLC now owns 11,942 shares of the company’s stock valued at $207,000 after buying an additional 5,086 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock worth $316,000 after buying an additional 6,855 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in Cars.com by 16.2% during the fourth quarter. Park Avenue Securities LLC now owns 18,002 shares of the company’s stock valued at $312,000 after acquiring an additional 2,506 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Trading Down 1.5 %

Shares of CARS stock opened at $17.55 on Tuesday. Cars.com Inc. has a 12 month low of $15.05 and a 12 month high of $21.24. The company has a market cap of $1.14 billion, a PE ratio of 30.26 and a beta of 2.15. 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 is $17.69 and its two-hundred day moving average is $17.56.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, January 28th. 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 report on Friday, November 8th. Finally, UBS Group increased their target price on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

Insider Buying and Selling

In related news, Director Jill A. Greenthal sold 4,524 shares of the business’s stock in a transaction dated 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 $2,024,985.18. The trade was a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sonia Jain sold 24,971 shares of the firm’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 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 represents a 9.82 % decrease in their position. The disclosure for this sale can be found here. 2.12% of the stock is 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.