Cars.com Inc. (NYSE:CARS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in Cars.com Inc. (NYSE:CARS - Free Report) by 90.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,495 shares of the company's stock after selling 186,857 shares during the period. Jane Street Group LLC's holdings in Cars.com were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CARS. Smartleaf Asset Management LLC grew its position in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock worth $29,000 after purchasing an additional 1,079 shares during the period. Sterling Capital Management LLC grew its position in Cars.com by 813.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock worth $37,000 after purchasing an additional 1,878 shares during the period. Quarry LP grew its position in Cars.com by 184.5% during the 4th quarter. Quarry LP now owns 3,476 shares of the company's stock worth $60,000 after purchasing an additional 2,254 shares during the period. KBC Group NV grew its position in Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company's stock worth $67,000 after purchasing an additional 1,575 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Cars.com by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock worth $89,000 after purchasing an additional 1,516 shares during the period. Hedge funds and other institutional investors own 89.15% of the company's stock.

Insiders Place Their Bets

In other Cars.com news, CEO Thomas Alex Vetter acquired 27,870 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $10.75 per share, for a total transaction of $299,602.50. Following the completion of the acquisition, the chief executive officer now owns 844,897 shares of the company's stock, valued at approximately $9,082,642.75. The trade was a 3.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.39% of the company's stock.

Wall Street Analyst Weigh In

CARS has been the topic of several analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. UBS Group dropped their target price on Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, DA Davidson dropped their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.30.

Cars.com Price Performance

CARS stock traded down $0.23 during trading on Thursday, hitting $10.19. The stock had a trading volume of 676,033 shares, compared to its average volume of 651,337. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $21.24. The stock has a market capitalization of $647.35 million, a P/E ratio of 17.57 and a beta of 1.95. The company's 50-day moving average price is $11.03 and its two-hundred day moving average price is $14.60.

Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Cars.com had a return on equity of 9.99% and a net margin of 5.46%. The firm had revenue of $179.02 million during the quarter, compared to analyst estimates of $179.82 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Cars.com Company 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.