Hennion & Walsh Asset Management Inc. Purchases 6,855 Shares of Cars.com Inc. (NYSE:CARS)

Hennion & Walsh Asset Management Inc. raised its position in Cars.com Inc. (NYSE:CARS) by 60.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,229 shares of the company’s stock after acquiring an additional 6,855 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Cars.com were worth $316,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CARS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cars.com during the second quarter worth about $38,000. Advisors Asset Management Inc. lifted its stake 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. CWM LLC lifted its stake in shares of Cars.com by 62.4% in the 3rd quarter. CWM LLC now owns 3,569 shares of the company’s stock valued at $60,000 after purchasing an additional 1,372 shares during the last quarter. MQS Management LLC bought a new stake in shares of Cars.com in the 3rd quarter valued at approximately $171,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Cars.com during the 2nd quarter worth approximately $180,000. Institutional investors own 89.15% of the company’s stock.

Insider Buying and Selling at Cars.com

In other 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 value of $89,846.64. Following the transaction, the director now directly owns 101,963 shares in the company, valued at approximately $2,024,985.18. This trade represents a 4.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sonia Jain sold 24,971 shares of Cars.com stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total value of $492,927.54. Following the completion of the transaction, the chief financial officer now owns 229,229 shares in the company, valued at $4,524,980.46. This represents a 9.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group raised their price target on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research note on Wednesday, November 13th.

Cars.com Trading Up 0.0 %

Shares of NYSE CARS opened at $17.65 on Wednesday. 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 has a fifty day simple moving average of $18.25 and a two-hundred day simple moving average of $17.77. The firm has a market cap of $1.14 billion, a PE ratio of 30.42 and a beta of 2.15. 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.