In its most recent disclosure with the Securities & Exchange Commission, River & Mercantile Asset Management LLP revealed that the firm established a new position in Cars.com INC (NYSE:CARS) during the company’s third quarter.
The institutional investor paid approximately $2,251,000 to acquire 178,043 shares of the company’s stock, bringing the total transaction price to approximately this amount.
River & Mercantile Asset Management LLP owned approximately 0.27 percent of Cars.com shares outstanding at the end of the most recent reporting period.
On Friday, March 3rd, Director Thomas E. Hale sold 17,216 shares of the company’s stock.
This development is relevant to the discussion because it is relevant to the topic.
Since each share was sold for an average of $18.69, the total amount received from the sale was $321,767.04. Upon completion of the sale, the director will have a direct interest in a total of 40,828 shares of the business, which will be worth a total of $763,075.32 at this time.
The transaction was disclosed to the public through a filing made with the SEC, which can be found on the SEC’s website. On March 8, CEO Thomas Alex Vetter made a deal in which he sold 57,765 shares of the company’s stock.
This development is relevant to this topic.
The total amount received for the sale of the shares was $1,002,222.75, which equates to an average price of $17.35 per share sold.
As a result of the sale, the CEO now has direct ownership of 539,716 shares.
The total value of these shares is $9,364,072.60.
The transaction was announced in a filing with the SEC.
This filing can be found on the SEC’s website.
Also, on March 3rd, Director Thomas E. Hale made a transaction in which he sold 17,216 of the company’s shares.
The price paid for each share was an average of $18.69, resulting in a total value of $321,767.04 for the shares traded.
As a direct result of the transaction, the director now owns 40,828 shares of the company.
The total value of these shares is $763,075.32.
Disclosures related to the sale can be found in this section of the website.
Business insiders sold 126,660 shares over the last three months, generating a total of $2,284,513.
Company insiders hold fifty percent of the common stock, which equates to fifty percent of total ownership.
Several hedge funds have recently made various changes to their holdings of the company.
Private Trust Company made a new investment in Cars.com during the second quarter valued at $48,000.
Captrust Financial Advisors grew its holdings in Cars.com by 117.4% during the second quarter.
Captrust Financial Advisors acquired an additional 2,912 shares of the company’s stock in the last quarter, bringing the total to 5,392 shares valued at $51,000.
This was the most recent stock acquisition. Tower Research Capital LLC (TRC) raised its stake in shares of Cars.com by 57.0% during the third quarter.
Tower Research Capital LLC (TRC) now owns 4,852 shares of the company’s stock now valued at $56,000 after purchasing an additional 1,762 shares in the last three months.
This brings the total number of shares held by TRC to 4,852. UBS Group AG increased its stake in Cars.com by 597.8% during the fiscal third quarter. UBS Group AG now owns 6,078 shares valued at $70,000 after buying an additional 5,207 shares during the period.
Mutual of America Capital Management LLC raised its stake in Cars.com by 17.2% during the second quarter.
This was the last and most important point of discussion. Mutual of America Capital Management LLC currently owns 10,972 shares.
This stock is currently valued at $103,000 as the company acquired an additional 1,612 shares during the period.
A total of 97.40% of the company’s stock market capitalization is held by hedge funds and other institutional investors.
Several different research companies have presented their findings and opinions on CARS. Craig Hallum boosted their target price on Cars.com from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 24th.
BTIG Research issued a research report on Cars.com in a research report on February 24th and within the report Cars.com has received a “buy” rating and an outperform price objective.
BTIG Research also upgraded its recommendation on the company to “buy”. DA Davidson boosted their target price on Cars.com from $17.50 to $23.25 and upgraded the stock to a “buy” rating to reflect this change in a research report on Friday, February 24th.
Shares of NYSE CARS officially began trading for the first time on Thursday at $16.47 per share.
The company’s simple moving average over the past 50 days is $16.84, while the company’s simple moving average over the past 200 days is $14.40.
A price-to-earnings ratio of 65.88 and a beta of 1.93 are associated with the stock.
The company currently has a market cap of $1.09 billion on Thursday at $16.47 per share.
The company’s simple moving average over the past 50 days is $16.84, while the company’s simple moving average over the past 200 days is $14.40.
A price-to-earnings ratio of 65.88 and a beta of 1.93 are associated with the stock.
The company currently has a market capitalization of $1.09 billion.
It has a debt-to-equity ratio of 1.19, a quick-earnings ratio of 1.40, and a current ratio of 1.40.
Each of these ratios is also 1.40. Cars.com INC reached an all-time low of $8.75 during its 52-week trading period, while the company reached an all-time high of $20.42 during the same period.
Cars.com’s latest earnings report for Cars.com was released on February 23rd. Cars.com shares trade on the New York Stock Exchange (NYSE) under the ticker CARS.
The company reported earnings of $0.15 per share for the previous quarter, which means the stock trades on the New York Stock Exchange (NYSE) under the symbol CARS.
The company reported $0.15 earnings per share for the previous quarter, missing the consensus estimate of $0.19 per share among industry professionals by $0.05.
Revenue for the quarter came in at $168.20 million, a significant increase from analysts’ estimates of $166.30 million in total revenue for the quarter. Compared to the same period last year, Cars.com’s quarterly revenue was up 6.3%.
The company reported a loss of $0.09 per share of revenue during the same period in the prior year’s financial statements.