Pacer Advisors Inc. Purchases 65,210 Shares of Cars.com Inc. (NYSE:CARS)

Pacer Advisors Inc. increased its position in Cars.com Inc. (NYSE:CARS) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,559,142 shares of the company’s stock after acquiring an additional 65,210 shares during the period. Pacer Advisors Inc.’s holdings in Cars.com were worth $44,350,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CARS. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cars.com in the second quarter worth $38,000. Advisors Asset Management Inc. grew its holdings in shares of Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after acquiring an additional 1,864 shares during the period. CWM LLC grew its holdings in shares of Cars.com by 62.4% in the third quarter. CWM LLC now owns 3,569 shares of the company’s stock worth $60,000 after acquiring an additional 1,372 shares during the period. KBC Group NV grew its holdings in Cars.com by 68.2% during the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after purchasing an additional 1,575 shares during the period. Finally, MQS Management LLC bought a new stake in Cars.com during the third quarter valued at about $171,000. Institutional investors own 89.15% of the company’s stock.

Cars.com Stock Performance

NYSE CARS opened at $18.12 on Tuesday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 31.24 and a beta of 2.15. 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 50-day moving average price of $18.14 and a 200-day moving average price of $17.74. Cars.com Inc. has a twelve month low of $15.05 and a twelve month high of $21.24.

Wall Street Analyst Weigh In

Several research firms have issued reports on CARS. JPMorgan Chase & Co. boosted their price target on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th. UBS Group boosted their price target on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report 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 report on Wednesday, November 13th.

Insider Transactions at Cars.com

In related news, CFO Sonia Jain sold 24,971 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total value of $492,927.54. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jill A. Greenthal sold 4,524 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total value of $89,846.64. Following the completion of the sale, the director now owns 101,963 shares in the company, valued at $2,024,985.18. This 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.

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.