MML Investors Services LLC Buys 10,137 Shares of Cars.com Inc. (NYSE:CARS)

MML Investors Services LLC raised its stake in Cars.com Inc. (NYSE:CARS) by 17.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,905 shares of the company’s stock after purchasing an additional 10,137 shares during the period. MML Investors Services LLC owned approximately 0.10% of Cars.com worth $1,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in shares of Cars.com by 20.1% in the 3rd quarter. Jane Street Group LLC now owns 207,352 shares of the company’s stock worth $3,475,000 after acquiring an additional 34,666 shares during the period. State Street Corp raised its stake in shares of Cars.com by 0.6% in the third quarter. State Street Corp now owns 2,419,422 shares of the company’s stock valued at $40,550,000 after purchasing an additional 15,038 shares in the last quarter. Stifel Financial Corp lifted its position in Cars.com by 22.3% in the third quarter. Stifel Financial Corp now owns 66,064 shares of the company’s stock worth $1,107,000 after purchasing an additional 12,043 shares during the period. Benjamin Edwards Inc. boosted its stake in Cars.com by 45.2% during the third quarter. Benjamin Edwards Inc. now owns 24,664 shares of the company’s stock worth $413,000 after buying an additional 7,683 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Cars.com in the 3rd quarter valued at $198,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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. JPMorgan Chase & Co. lifted their price objective on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group upped their price objective on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Cars.com Price Performance

Shares of Cars.com stock opened at $17.44 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 30.07 and a beta of 2.12. Cars.com Inc. has a 1-year low of $15.05 and a 1-year high of $21.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $18.19.

Insiders Place Their Bets

In other Cars.com news, CFO Sonia Jain sold 24,971 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total value of $492,927.54. Following the transaction, the chief financial officer now owns 229,229 shares of the company’s stock, valued at approximately $4,524,980.46. This represents a 9.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jill A. Greenthal sold 4,524 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total value of $89,846.64. Following the transaction, the director now 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. Company insiders own 2.12% of the company’s stock.

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.