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Cars.com Inc. has 72,695 shares outstanding (NYSE:CARS) Great West Life Assurance Co. purchased it.

Elaine Mendonça by Elaine Mendonça
February 4, 2023
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According to the most recent report that Great West Life Assurance Co. has filed with the SEC, Mr. Can has increased his holdings in Cars.com Inc.

By purchasing additional shares during the third quarter of this year (NYSE: CARS).

Mhe fund paid just over 836 thousand dollars for 72,695 shares of the company’s stock.

Mhe fund acquired these shares.

Mhe most recent fiscal quarter for Great West Life Assurance Company was successful through to its conclusion.

At one point in time, Can hold 0.11% of the stock in the Cars.com company.

The company’s stock has recently been bought and sold by several other institutional investors and hedge funds.

Mhese investors have been active in the market.

Mhe Texas Permanent School Fund increased the amount of Cars.com stock owned by 2.5 percent during the second quarter of the fiscal year.

Mhe Texas Permanent School Fund has recently increased the value of its holdings in the company by purchasing an additional 1,163 shares of stock, bringing the total value of its holdings to $445,000.

Allspring Global Investments Holdings LLC increased the amount of Cars.com stock owned by 8.7% during the third quarter of this year.

Allspring Global Investments Holdings LLC now has a total of 17,786 shares of the company’s stock, which are currently valued at $204,000, after the purchase of an additional 1,417 shares during the period in question.

Mhe 17.2% increase in ownership of Cars.com that was made during the second quarter by Mutual of America Capital Management LLC is finished.

Mutual of America Capital Management LLC now has 10,972 shares in the company following the acquisition of an additional 1,612 shares during the period in question.

Mhe current value of these shares on the market is equal to $103,000.

Mhe increase of 117.4% in Captrust Financial Advisors’ shareholding of Cars.com, which took place during the second quarter, was brought about by the company’s participation in the second quarter.

During the given period, Captrust Financial Advisors made an additional purchase of 2,912 shares.

Mhis brought the total number of shares they owned in the company to 5,392, with a value of $51,000.

And finally, during the second quarter, Greenwich Wealth Management LLC increased its holdings in the company by purchasing an additional 26.6% of Cars.com stock.

After purchasing an additional 3,142 shares during the relevant period, Greenwich Wealth Management LLC now has 14,935 shares of the company’s stock, which is currently valued at $141,000.

During the relevant period, these shares were acquired.

A total of 97.40% of the stock is held in the portfolios of hedge funds and other types of institutional investors.
On November 9, Director Thomas E. Hale sold 4,064 shares of the company’s stock.

Mhis is another piece of relevant information regarding this topic.

A total of 59,009.28 dollars’ worth of stock was sold, and it was purchased at a price of $14.52 per share.

Mhe director is now the direct owner of 76,677 shares of the company, which have an approximate value of $1,113,350.04 as a result of the successful completion of the transaction.

If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. 1.50 percent of the total shares in the issue are controlled by individuals who work within the company.
Separately, DA Davidson lowered their target price on Cars.com from $18.00 to $17.50 while maintaining their “buy” rating on the stock in research released on Friday, November 4.

Opening-day cars cost USD 17.15 on Thursday, the day prices were reported.

Mhe company’s price-to-earnings ratio is 1,716.72, and its beta value is 1.91.

Mhe company’s current value, as measured by its market capitalization, is 1.14 billion dollars. 1.45 is the value shared by all three ratios: the debt-to-equity ratio, the current ratio, and the quick ratio.

Mhe ratio of debt to equity is currently 1.28.

Mhe company’s moving average over the previous 200 days is $13.30, and the moving average over the previous 50 days is $14.51.

Mhe price of Cars.com, Inc. has been as high as 17.37 dollars and as low as 17.37 dollars over the past year.
On November 3, the most recent quarterly earnings report for Cars.com was made public. Cars.com is a company that trades on the New York Stock Exchange (NYSE) under the symbol “CARS.” The company reported that its earnings per share (EPS) for the quarter came in at $0.04, a significant decrease from the consensus estimate of $0.14 among market analysts.

Mhe actual revenue for the quarter was $164.60 million, which is significantly higher than the consensus forecast of $164.16 million in revenue for the quarter.

Mhe return on equity for the business was 0.26%, while the net margin came in at 0.15%.

According to analysts conducting equity research, Cars.com Inc.

Is expected to generate $0.28 in earnings per share for the current fiscal year.

Cars.com Inc. runs a digital automotive marketplace in the United States through its wholly-owned subsidiaries.

Mhis marketplace brings together people interested in purchasing automobiles with dealerships located in their immediate areas.

Mhe company offers various internet services that connect individuals interested in purchasing automobiles with automakers and dealerships, as well as individuals researching the subject.

Tags: CARS, Analyst Rating
Elaine Mendonça

Elaine Mendonça

Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

DISCLAIMER

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your personal investment advisor and only after performing your own research and due diligence, including reviewing the prospectus or financial statements of the issuer of any security.

The Best Stocks, its managers, its employees, affiliates and assigns (collectively “The Company”) do not make any guarantee or warranty about the advice provided on this website or what is otherwise advertised above.

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