Cars.com Inc.’s filing revealed that its Director Hale Thomas E unloaded Company’s shares for reported $0.16 million on Nov 10. In the deal valued at $14.89 per share,10,849 shares were sold. As a result of this transaction, Hale Thomas E now holds 65,828 shares worth roughly $ 1.25 million.
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Then, Hale Thomas E sold 4,064 shares, generating $59,009 in total proceeds. Upon selling the shares at $14.52, the Director now owns 76,677 shares.
Before that, Tomy Jeanette bought 5,556 shares. Cars.com Inc. shares valued at $50,000 were divested by the Chief Financial Officer at a price of $9.00 per share. As a result of the transaction, Tomy Jeanette now holds 85,419 shares, worth roughly $1.63 million.
BTIG Research reiterated its Cars.com Inc. [CARS] rating to a Buy in a research note published on Monday, June 21, 2022; the price target was $16. PT values the company’s stock at a premium of -19.06 to its Monday closing price. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. Truist began covering CARS with “Buy” recommendation on August 27, 2021. The Benchmark Company revised its rating on March 01, 2021. It rated CARS as “a Buy” which previously was an “a Hold”.
Price Performance Review of CARS
On Monday, Cars.com Inc. [NYSE:CARS] saw its stock fall -3.15% to $19.05. On the same session, the stock had its day’s lowest price of $19.00, but rose to a high of $20.24. Over the last five days, the stock has gained 8.55%. Cars.com Inc. shares have risen nearly 38.34% since the year began. Nevertheless, the stocks have risen 27.51% over the past one year. While a 52-week high of $20.42 was reached on 02/23/23, a 52-week low of $8.75 was recorded on 01/03/23. SMA at 50 days reached $15.74, while 200 days put it at $12.89. A total of 0.69 million shares were traded, compared to the trading of 0.67 million shares in the previous session.
Levels Of Support And Resistance For CARS Stock
The 24-hour chart illustrates a support level at 18.62, which if violated will result in even more drops to 18.19. On the upside, there is a resistance level at 19.86. A further resistance level may holdings at 20.67. The Relative Strength Index (RSI) on the 14-day chart is 66.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.96%. Stochastics %K at 74.77% indicates the stock is a holding.
How much short interest is there in Cars.com Inc.?
A steep rise in short interest was recorded in Cars.com Inc. stocks on Jan 30, 2023, dropping by -0.36 million shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.03 million shares. There was a decline of -21.56%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.36.
Cars.com Inc. [CARS] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,534,034 shares, or roughly 14.31% of the outstanding CARS shares. In other words, the investor’s shares have fallen by -453,768 from its previous 13-F filing of 9987802.0. Additionally, The Vanguard Group, Inc. increased 0.28% of its stake after which the total value it holdings stand at $120,736,123, while Greenvale Capital LLP added 0.53% of its stake to hold $92.82 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 340,856 shares of Cars.com Inc., while Dimensional Fund Advisors LP bought 125,924 shares. At present, Ninety One UK Ltd. is holding 3,329,718 shares valued at $56.94 million. SVB Wealth LLC owned 2,500,509 shares of the company at the time of its most recent 13F filing, worth $42.76 million.
According to FactSet, Cars.com Inc.’s share price will average $21.45 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.2 percent from its previous closing price of $19.67. Analysts expect Cars.com Inc. stock to reach the higher price of $25.00, while the lowest price estimate is $12.00. However, 5 analysts have rated CARS stock as an Overweight in their predictions for 2023.