The most recent disclosure that River & Mercantile Asset Management LLP provided to the Securities and Exchange Commission 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 cost of the transaction to approximately that amount.
At the close of the most recent reporting period, River & Mercantile Asset Management LLP owned approximately 0.27 percent of the Cars.com shares in circulation.
On Friday, March 3, director Thomas E. Hale sold 17,216 shares of the company’s stock.
This development is relevant to the discussion because it relates to the topic.
Because each share was sold for an average of $18.69, the total amount obtained from the sale was 321,767.04 dollars. Following the completion of the sale, the director will have a direct ownership stake in a total of 40,828 business shares, which will be worth a total of $763,075.32 at present.
The transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC. On March 8, Chief Executive Officer Thomas Alex Vetter made a transaction 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, equivalent to an average price of $17.35 per share sold.
As a result of the sale, the Chief Executive Officer 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 that was submitted to the SEC.
This filing can be found on the website of the SEC.
Additionally, on March 3, Director Thomas E. Hale made a transaction in which he sold 17,216 of the company’s shares of stock.
The price paid for each share was an average of $18.69, resulting in a total value of $321,767.04 for the traded shares.
As a direct result of the transaction, the director is now the owner of 40,828 shares of company stock.
The total value of these shares is 763,075.32 dollars.
Disclosures related to the sale might be found in this website section.
Business insiders sold 126,660 shares over the most recent three months, bringing in total revenue of $2,284,513.
The company’s insiders own fifty percent of the total shares, which equates to fifty percent of the total ownership.
Several hedge funds have, in recent times, made various modifications to the proportion of the company that they own.
During the second quarter, Private Trust Company made a fresh investment in Cars.com for $48,000.
During the second quarter, Captrust Financial Advisors achieved a 117.4% increase in the proportion of Cars.com equity that it held.
The most recent quarter saw Captrust Financial Advisors acquire 2,912 additional shares of the company’s stock, bringing their total number of shares owned to 5,392, valued at $51,000.
This was the most recent acquisition of shares. Over the third quarter, Tower Research Capital LLC (TRC) increased the proportion of Cars.com stock that is owned by 57.0%.
Tower Research Capital LLC (TRC) now has 4,852 shares of the company’s stock, currently valued at $56,000, after purchasing an additional 1,762 shares over the past three months.
This brings the total number of shares owned by TRC to 4,852. UBS Group AG increased its percentage of ownership in Cars.com by 597.8% during the third quarter of the fiscal year. UBS Group AG has 6,078 shares, valued at $70,000, thanks to purchasing an additional 5,207 shares throughout the period.
In the second quarter, Mutual of America Capital Management LLC increased the percentage of ownership it holds in Cars.com by 17.2 percent.
This was the last and most important item to discuss. Currently, Mutual of America Capital Management LLC possesses 10,972 shares.
These shares are currently valued at $103,000 because the company acquired 1,612 additional shares during the relevant period.
A total of 97.40% of the market capitalization of the company’s stock is held by hedge funds and other institutional investors.
On CARS, several distinct research companies have presented their findings and opinions. Craig Hallum upgraded their price target on Cars.com from $17.00 to $24.00 and rated the stock as a “buy” in a research report released on Friday, February 24.
BTIG Research distributed a research report on Cars.com on February 24, and within that report, Cars.com was given a “buy” rating and an increased price objective.
Additionally, BTIG Research has upgraded its recommendation for the company to “buy.” DA Davidson increased their price target on Cars.com from $17.50 to $23.25 and upgraded their “buy” recommendation on the stock to reflect this change in their research report published on Friday, February 24.
NYSE CARS shares officially began trading for the first time on Thursday for $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 value of 1.93 are associated with the stock.
The company currently has a market capitalization of $1.09 billion Thursday for $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 value of 1.93 are associated with the stock.
The company currently has a market capitalization of $1.09 billion.
There is a ratio of 1.19 debt to equity, 1.40 for the quick ratio, and 1.40 for the current ratio.
Each of these ratios is also 1.40. Cars.com INC hit 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 that same period.
On February 23, Cars.com’s most recent earnings report for Cars.com was made public. Cars.com shares are traded on the New York Stock Exchange (NYSE) under the CARS ticker.
The company reported earnings of $0.15 per share for the previous quarter, which is om shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol CARS.
The company reported earnings of $0.15 per share for the previous quarter, which is $0.05 less than the consensus estimate of $0.19 per share among industry professionals.
The revenue for the quarter came in at $168.20 million, which is a sizeable increase over the analysts’ projections of $166.30 million for the quarter’s total revenue. Compared to the same period the previous year, Cars.com’s quarterly revenue grew 6.3%.
The company reported a loss of $0.09 per revenue share during the same period in the previous year’s financial statements.