Cars.com Inc. (CARS) Shares Sold by American International Group Inc.

American International Group Inc. decreased its position in Cars.com Inc. (NYSE:CARS) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,926 shares of the company’s stock after selling 14,666 shares during the quarter. American International Group Inc. owned 0.25% of Cars.com worth $4,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gabelli Funds LLC purchased a new stake in Cars.com in the second quarter valued at approximately $203,000. OppenheimerFunds Inc. purchased a new stake in Cars.com in the second quarter valued at approximately $226,000. GSA Capital Partners LLP acquired a new position in shares of Cars.com in the second quarter worth $253,000. Gamco Investors INC. ET AL acquired a new position in shares of Cars.com in the second quarter worth $298,000. Finally, Commonwealth Bank of Australia acquired a new position in shares of Cars.com in the third quarter worth $298,000.

Several equities analysts have commented on the stock. Citigroup assumed coverage on shares of Cars.com in a research note on Friday. They issued a “neutral” rating and a $27.00 price target for the company. BTIG Research assumed coverage on shares of Cars.com in a research note on Tuesday, November 13th. They issued a “neutral” rating for the company. ValuEngine upgraded shares of Cars.com from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Cars.com from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Barrington Research restated a “buy” rating on shares of Cars.com in a research note on Monday, November 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cars.com currently has a consensus rating of “Hold” and a consensus price target of $35.10.

NYSE:CARS opened at $24.27 on Friday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 2.66 and a beta of 0.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Cars.com Inc. has a 52 week low of $23.69 and a 52 week high of $32.94.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The business had revenue of $169.30 million during the quarter, compared to analyst estimates of $168.04 million. Cars.com had a return on equity of 7.77% and a net margin of 27.69%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. On average, sell-side analysts anticipate that Cars.com Inc. will post 1.85 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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