JPMorgan Chase & Co. Has $3.96 Million Holdings in Cars.com Inc. (NYSE:CARS)

JPMorgan Chase & Co. decreased its position in shares of Cars.com Inc. (NYSE:CARS) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,023 shares of the company’s stock after selling 45,360 shares during the period. JPMorgan Chase & Co. owned 0.36% of Cars.com worth $3,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of Cars.com by 62,357.6% in the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after purchasing an additional 2,489,939 shares during the period. FMR LLC grew its holdings in Cars.com by 1.7% in the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after buying an additional 162,692 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Cars.com in the 2nd quarter worth approximately $2,843,000. Squarepoint Ops LLC lifted its holdings in shares of Cars.com by 163.6% during the second quarter. Squarepoint Ops LLC now owns 45,820 shares of the company’s stock worth $903,000 after buying an additional 117,820 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Cars.com by 340.9% during the third quarter. Barclays PLC now owns 108,177 shares of the company’s stock worth $1,813,000 after buying an additional 83,642 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Insider Activity at Cars.com

In other Cars.com news, Director Jill A. Greenthal sold 4,524 shares of Cars.com stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total transaction of $89,846.64. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sonia Jain sold 24,971 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total transaction of $492,927.54. Following the completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. 2.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research report on Wednesday, November 13th. UBS Group boosted their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped 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.

Cars.com Stock Down 0.2 %

Shares of CARS stock opened at $17.63 on Friday. Cars.com Inc. has a one year low of $15.05 and a one year high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a fifty day moving average price of $18.29 and a 200 day moving average price of $17.79. The stock has a market cap of $1.14 billion, a P/E ratio of 30.39 and a beta of 2.15.

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.