Cars.com Inc. (NYSE:CARS – Get Free Report) CEO Thomas Alex Vetter sold 17,666 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $20.09, for a total value of $354,909.94. Following the sale, the chief executive officer now owns 616,608 shares in the company, valued at $12,387,654.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Thomas Alex Vetter also recently made the following trade(s):
- On Tuesday, May 28th, Thomas Alex Vetter sold 25,373 shares of Cars.com stock. The shares were sold at an average price of $19.00, for a total value of $482,087.00.
- On Thursday, May 9th, Thomas Alex Vetter sold 27,625 shares of Cars.com stock. The shares were sold at an average price of $19.00, for a total value of $524,875.00.
Cars.com Trading Down 0.8 %
Shares of Cars.com stock opened at $19.76 on Wednesday. The firm has a market capitalization of $1.31 billion, a PE ratio of 12.59 and a beta of 2.15. Cars.com Inc. has a twelve month low of $14.82 and a twelve month high of $22.84. The firm’s 50-day moving average price is $18.24 and its 200 day moving average price is $18.14. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.98.
Wall Street Analyst Weigh In
Separately, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.
Get Our Latest Research Report on Cars.com
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of CARS. Headlands Technologies LLC purchased a new position in Cars.com in the 1st quarter worth approximately $28,000. Pacer Advisors Inc. raised its position in shares of Cars.com by 118.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock valued at $31,000 after buying an additional 896 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Cars.com by 103.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,073 shares of the company’s stock valued at $39,000 after buying an additional 1,056 shares during the period. Wolverine Asset Management LLC raised its position in shares of Cars.com by 109.1% during the 4th quarter. Wolverine Asset Management LLC now owns 3,749 shares of the company’s stock valued at $71,000 after buying an additional 45,000 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Cars.com during the 4th quarter valued at approximately $119,000. 89.15% of the stock is owned by hedge funds and other institutional investors.
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.
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