Reports of several internal activity has happened at Cars.com. Forbes Scott E., Director at Cars, purchased nearly $40,000 worth of stock and Vetter Thomas Alex, the President and CEO of Cars, bought around 4,000 shares.
Wall Street’s most bullish Cars.com Inc. analysts are predicting the share price to blow past $31 per share during the next 12 months. The current median share price forecast by them is $27.5, suggesting that the stock could increase 25.63% in that time frame. The average price target of $26.83 calls for a nearly 22.57% increase in the stock price.
AMG Managers Fairpointe Mid Cap Fund revealed as top hedge fund owner in Cars.com Inc. with a stake of over 2.85M CARS shares as of October 30, with a market value of approx. $74.47 million. The second largest holder, DFA U.S. Small Cap Value Series, with 2.39 million shares which equates to $62.35 million worth of the stock. At third is Vanguard Total Stock Market Index Fund, which stood pat with 1.8 million shares, a 3.36% position in Cars.com Inc., worth $49.71 million. The insider holding in stood at 0.7% while institutions hold 0%.
Cars.com Inc. dropped -0.5% in recent trade and currently has a stock-market value of $1.48 billion. The shares finished at $21.89, after trading as low as $21.82 earlier in the session. It hit an intraday high at $22.32. Trading activity significantly weakened as the volume at ready counter decreased to 677,935 shares versus 1,094,530 in average daily trading volume over the past 20 days.
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