Cars.com Inc. (NYSE:CARS) Position Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Cars.com Inc. (NYSE:CARS) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,269 shares of the company’s stock after selling 7,758 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Cars.com worth $2,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cars.com during the second quarter worth about $38,000. CWM LLC raised its position in shares of Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after purchasing an additional 1,575 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of 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 last quarter. MQS Management LLC bought a new stake in shares of Cars.com in the 3rd quarter worth approximately $171,000. Finally, Point72 DIFC Ltd acquired a new position in Cars.com during the 2nd quarter valued at approximately $180,000. 89.15% of the stock is owned by institutional investors.

Cars.com Trading Down 2.3 %

Shares of CARS stock opened at $18.34 on Friday. Cars.com Inc. has a 1 year low of $15.05 and a 1 year high of $21.24. The firm has a market capitalization of $1.19 billion, a PE ratio of 31.62 and a beta of 2.12. The stock has a fifty day moving average of $17.63 and a two-hundred day moving average of $18.23. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CARS shares. UBS Group increased their target price on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Insider Activity at Cars.com

In other Cars.com news, Director Jill A. Greenthal sold 4,524 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $19.86, for a total transaction of $89,846.64. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sonia Jain sold 24,971 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 229,229 shares of the company’s stock, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.12% of the company’s stock.

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.