Ninety One UK Ltd Sells 1,165,708 Shares of Cars.com Inc. (NYSE:CARS)

Ninety One UK Ltd reduced its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,564,014 shares of the company's stock after selling 1,165,708 shares during the period. Ninety One UK Ltd owned about 2.36% of Cars.com worth $29,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its stake in Cars.com by 118.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company's stock worth $31,000 after buying an additional 896 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Cars.com by 230.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,615 shares of the company's stock worth $31,000 after buying an additional 1,126 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Cars.com during the 4th quarter worth $33,000. Captrust Financial Advisors grew its stake in Cars.com by 117.4% during the 2nd quarter. Captrust Financial Advisors now owns 5,392 shares of the company's stock worth $51,000 after buying an additional 2,912 shares during the last quarter. Finally, State of Wyoming bought a new position in Cars.com during the 4th quarter worth $60,000. 89.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 value of $33,725.50. Following the completion of the sale, the insider now owns 181,596 shares in the company, valued at $3,359,526. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Thomas Alex Vetter sold 14,999 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total value of $284,981.00. Following the completion of the sale, the chief executive officer now owns 553,886 shares in the company, valued at $10,523,834. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas Neal Miller sold 1,823 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total value 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. Insiders sold a total of 34,488 shares of company stock worth $654,361 over the last 90 days. 1.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Cars.com in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.00.

Cars.com Stock Performance

Shares of NYSE:CARS traded up $0.27 on Friday, hitting $16.44. The company's stock had a trading volume of 340,974 shares, compared to its average volume of 367,121. Cars.com Inc. has a 12 month low of $14.82 and a 12 month high of $22.84. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.50 and a beta of 2.05. The stock's 50-day moving average is $17.51 and its two-hundred day moving average is $17.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.22.

Cars.com (NYSE:CARS - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). The business had revenue of $179.60 million during the quarter, compared to the consensus estimate of $178.40 million. Cars.com had a return on equity of 25.78% and a net margin of 17.19%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, equities research analysts forecast that Cars.com Inc. will post 0.55 EPS for the current 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.