Cars.com Inc. (NYSE:CARS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its position in Cars.com Inc. (NYSE:CARSFree Report) by 16.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,604 shares of the company’s stock after selling 2,147 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Cars.com were worth $201,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Cars.com by 230.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,615 shares of the company’s stock worth $31,000 after acquiring an additional 1,126 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Cars.com during the fourth quarter worth about $33,000. Covestor Ltd grew its position in shares of Cars.com by 15,918.2% during the second quarter. Covestor Ltd now owns 1,762 shares of the company’s stock worth $35,000 after acquiring an additional 1,751 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Cars.com by 117.4% during the second quarter. Captrust Financial Advisors now owns 5,392 shares of the company’s stock worth $51,000 after acquiring an additional 2,912 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Cars.com during the second quarter worth about $56,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Read Our Latest Stock Analysis on Cars.com

Insider Buying and Selling

In related news, insider Douglas Neal Miller sold 1,823 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total value of $33,725.50. Following the transaction, the insider now owns 181,596 shares in the company, valued at $3,359,526. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Thomas Alex Vetter sold 14,999 shares of Cars.com stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $19.00, for a total value of $284,981.00. Following the transaction, the chief executive officer now owns 553,886 shares of the company’s stock, valued at $10,523,834. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Douglas Neal Miller sold 1,823 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total transaction of $33,725.50. Following the sale, the insider now directly owns 181,596 shares of the company’s stock, valued at $3,359,526. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,488 shares of company stock worth $654,361. Insiders own 1.59% of the company’s stock.

Cars.com Price Performance

CARS stock opened at $16.58 on Friday. The firm has a market capitalization of $1.09 billion, a PE ratio of 9.58 and a beta of 2.06. Cars.com Inc. has a one year low of $14.82 and a one year high of $22.84. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $18.02 and a two-hundred day moving average of $17.99.

Cars.com (NYSE:CARSGet Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $179.60 million during the quarter, compared to analyst estimates of $178.40 million. Cars.com had a net margin of 17.19% and a return on equity of 25.78%. Cars.com’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, analysts forecast that Cars.com Inc. will post 0.55 earnings per share for the current year.

Cars.com Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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