Cars.com Inc. (NYSE:CARS) Shares Purchased by State Street Corp

State Street Corp grew its stake in shares of Cars.com Inc. (NYSE:CARS) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,419,422 shares of the company’s stock after purchasing an additional 15,038 shares during the quarter. State Street Corp owned approximately 3.74% of Cars.com worth $40,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of CARS. BNP Paribas Financial Markets grew its position in shares of Cars.com by 8.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock valued at $244,000 after buying an additional 1,075 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Cars.com by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 31,832 shares of the company’s stock valued at $627,000 after acquiring an additional 1,101 shares in the last quarter. CWM LLC grew its holdings in shares of Cars.com by 62.4% during the third quarter. CWM LLC now owns 3,569 shares of the company’s stock worth $60,000 after purchasing an additional 1,372 shares during the last quarter. TD Asset Management Inc increased its position in shares of Cars.com by 8.7% during the second quarter. TD Asset Management Inc now owns 19,900 shares of the company’s stock worth $392,000 after purchasing an additional 1,600 shares in the last quarter. Finally, 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 valued at $53,000 after purchasing an additional 1,864 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Insider Buying and Selling

In other Cars.com news, CFO Sonia Jain sold 24,971 shares of the business’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 transaction of $492,927.54. Following the transaction, the chief financial officer now owns 229,229 shares in the company, valued at approximately $4,524,980.46. The trade was a 9.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 directly owns 101,963 shares of the company’s stock, valued at approximately $2,024,985.18. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CARS shares. Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price 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 increased their price target on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

Cars.com Stock Up 0.1 %

Cars.com stock opened at $17.46 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 30.10 and a beta of 2.12. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $17.85 and a two-hundred day moving average of $18.17. Cars.com Inc. has a twelve month low of $15.05 and a twelve month high of $21.24.

Cars.com 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.