Watershed Asset Management L.L.C. Sells 1,114 Shares of Cars.com Inc. (NYSE:CARS)

Watershed Asset Management L.L.C. lessened its position in Cars.com Inc. (NYSE:CARS) by 6.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,191 shares of the company’s stock after selling 1,114 shares during the period. Watershed Asset Management L.L.C.’s holdings in Cars.com were worth $288,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Cars.com by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,134,768 shares of the company’s stock worth $120,292,000 after acquiring an additional 89,194 shares during the last quarter. Pacer Advisors Inc. increased its stake in Cars.com by 118.5% in 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 period. Boston Partners increased its stake in Cars.com by 599.5% in the 3rd quarter. Boston Partners now owns 782,912 shares of the company’s stock worth $13,051,000 after buying an additional 670,982 shares during the period. Teacher Retirement System of Texas increased its stake in Cars.com by 138.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 51,454 shares of the company’s stock worth $868,000 after buying an additional 29,913 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Cars.com by 12.0% in the 4th quarter. Ritholtz Wealth Management now owns 86,384 shares of the company’s stock worth $1,639,000 after buying an additional 9,261 shares during the period. Institutional investors own 89.15% of the company’s stock.

Cars.com Stock Up 0.8 %

NYSE CARS traded up $0.14 during trading on Tuesday, reaching $16.70. 388,590 shares of the company’s stock traded hands, compared to its average volume of 365,865. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 9.65 and a beta of 2.05. The company’s 50 day simple moving average is $17.41 and its two-hundred day simple moving average is $17.83. Cars.com Inc. has a 12-month low of $14.82 and a 12-month high of $22.84.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, February 22nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $178.40 million. Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. As a group, sell-side analysts forecast that Cars.com Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at Cars.com

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

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Cars.com has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.