Cars.com Inc. (NYSE:CARS) CEO Thomas Alex Vetter Sells 21,266 Shares

Cars.com Inc. (NYSE:CARS) CEO Thomas Alex Vetter sold 21,266 shares of Cars.com stock in a transaction on Monday, November 13th. The stock was sold at an average price of $19.00, for a total transaction of $404,054.00. Following the completion of the transaction, the chief executive officer now directly owns 621,883 shares of the company’s stock, valued at $11,815,777. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Thomas Alex Vetter also recently made the following trade(s):

• On Wednesday, November 8th, Thomas Alex Vetter sold 14,066 shares of Cars.com stock. The stock was sold at an average price of $19.00, for a total value of $267,254.00.
• On Thursday, August 24th, Thomas Alex Vetter sold 17,666 shares of Cars.com stock. The shares were sold at an average price of $19.00, for a total transaction of $335,654.00.

Cars.com Stock Performance

NYSE:CARS opened at $19.55 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $17.17 and a 200-day simple moving average of $18.63. Cars.com Inc. has a 12 month low of $12.70 and a 12 month high of $22.84. The company has a market capitalization of $1.29 billion, a P/E ratio of 11.11 and a beta of 2.07.

Analyst Ratings Changes

Several research analysts recently issued reports on CARS shares. UBS Group assumed coverage on Cars.com in a research note on Friday, September 15th. They issued a “neutral” rating and a $20.00 price objective on the stock. Craig Hallum increased their target price on shares of Cars.com from $22.00 to $24.00 in a report on Friday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of Cars.com from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Finally, B. Riley started coverage on Cars.com in a report on Wednesday, July 19th. They issued a “buy” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.54.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CARS. FMR LLC boosted its position in Cars.com by 30.0% in the first quarter. FMR LLC now owns 8,830,681 shares of the company’s stock valued at $170,432,000 after buying an additional 2,038,163 shares during the last quarter. Vanguard Group Inc. lifted its position in Cars.com by 0.9% during the third quarter. Vanguard Group Inc. now owns 7,214,841 shares of the company’s stock valued at $82,971,000 after purchasing an additional 61,764 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Cars.com by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,523,302 shares of the company’s stock valued at $67,998,000 after buying an additional 26,322 shares during the last quarter. State Street Corp lifted its holdings in shares of Cars.com by 2.3% in the 2nd quarter. State Street Corp now owns 2,372,414 shares of the company’s stock valued at $22,372,000 after buying an additional 53,295 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Cars.com by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,238,014 shares of the company’s stock worth $24,537,000 after buying an additional 22,114 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

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.