Thrivent Financial for Lutherans Reduces Position in Cars.com Inc. (NYSE:CARS)

Thrivent Financial for Lutherans trimmed its stake in Cars.com Inc. (NYSE:CARS) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,697 shares of the company’s stock after selling 3,348 shares during the period. Thrivent Financial for Lutherans’ holdings in Cars.com were worth $799,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MQS Management LLC purchased a new stake in Cars.com in the third quarter worth about $171,000. Victory Capital Management Inc. increased its holdings in Cars.com by 130.9% in the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after acquiring an additional 26,276 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Cars.com during the 3rd quarter worth approximately $1,222,000. Versor Investments LP purchased a new position in Cars.com during the third quarter valued at approximately $456,000. Finally, Assetmark Inc. boosted its position in shares of Cars.com by 11.2% in the third quarter. Assetmark Inc. now owns 54,410 shares of the company’s stock worth $912,000 after purchasing an additional 5,461 shares during the period. 89.15% of the stock is owned by institutional investors.

Insider Activity at Cars.com

In related news, CFO Sonia Jain sold 24,971 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total transaction of $492,927.54. Following the sale, the chief financial officer now owns 229,229 shares of the company’s stock, valued at $4,524,980.46. This represents a 9.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jill A. Greenthal sold 4,524 shares of Cars.com stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total transaction of $89,846.64. Following the completion of the transaction, the director now directly owns 101,963 shares of the company’s stock, valued at $2,024,985.18. The trade was a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CARS has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. B. Riley dropped their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 9th. UBS Group boosted their price target on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Wednesday, November 13th.

Cars.com Stock Down 0.1 %

CARS opened at $19.94 on Wednesday. Cars.com Inc. has a 52 week low of $15.05 and a 52 week high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a 50-day simple moving average of $17.18 and a two-hundred day simple moving average of $18.20. The company has a market capitalization of $1.29 billion, a PE ratio of 34.38 and a beta of 2.12.

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.