GSA Capital Partners LLP Sells 99,982 Shares of Cars.com Inc. $CARS

GSA Capital Partners LLP lowered its position in Cars.com Inc. (NYSE:CARS) by 57.4% during the 3rd quarter, Holdings Channel reports. The fund owned 74,100 shares of the company’s stock after selling 99,982 shares during the period. GSA Capital Partners LLP’s holdings in Cars.com were worth $906,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hill Path Capital LP acquired a new position in shares of Cars.com during the second quarter worth approximately $23,854,000. Brown Advisory Inc. bought a new stake in Cars.com during the 2nd quarter valued at $16,456,000. Par Capital Management Inc. bought a new stake in Cars.com during the 2nd quarter valued at $14,220,000. Intrinsic Edge Capital Management LLC acquired a new position in Cars.com during the second quarter worth $5,210,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Cars.com by 89.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 859,245 shares of the company’s stock valued at $10,182,000 after buying an additional 404,603 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analysts Set New Price Targets

CARS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Cars.com from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson reiterated a “buy” rating and set a $13.50 price target on shares of Cars.com in a research note on Tuesday, November 18th. Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Cars.com in a research note on Tuesday, January 27th. Finally, UBS Group lifted their target price on Cars.com from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.90.

Cars.com Price Performance

Shares of NYSE CARS opened at $11.49 on Friday. The company has a market capitalization of $686.92 million, a PE ratio of 24.97 and a beta of 1.46. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average price is $11.97 and its 200-day moving average price is $12.01. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $16.72.

Insider Buying and Selling at Cars.com

In other news, insider Matthew B. Crawford sold 27,358 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total transaction of $329,116.74. Following the completion of the sale, the insider directly owned 71,103 shares of the company’s stock, valued at $855,369.09. This trade represents a 27.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sonia Jain sold 11,400 shares of Cars.com stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $13.45, for a total value of $153,330.00. Following the sale, the chief financial officer owned 243,642 shares in the company, valued at $3,276,984.90. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.39% of the stock is currently owned by insiders.

Cars.com Company Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.