CARS CFO Sonia Jain Sells Shares Worth Over $322,000
On June 12, 2026, Sonia Jain, CFO of CARS, sold 34,021 shares at $9.49 each.
Key Points
- CARS CFO Sonia Jain sold 34,021 shares for $322,859.29 on June 12, 2026, at an average price of $9.49.
- Shares of CARS traded near $9.48, with a recent analyst target from BTIG at $14.
- Institutional activity includes FMR LLC increasing its position by 302,333 shares, now holding 8.79 million shares.
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Sonia Jain, the Chief Financial Officer of CARS, sold 34,021 shares of the company on June 12, 2026. The shares were sold at an average price of $9.49, amounting to a total sale value of $322,859.29. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at Cars.com Inc.
Sonia Jain wasn't the only insider active in recent times. On June 11, 2026, she also sold 52,579 shares at $9.56 each. Meanwhile, on June 5, 2026, Bala Subramanian, Jenell Ross, Thomas Hale, and Jill Greenthal each bought 18,267 shares, although the purchase price wasn't disclosed.
Other Institutional Activity in CARS
Several institutional investors made changes to their holdings of CARS recently. FMR LLC increased its position by 302,333 shares, bringing its total to about 8.79 million shares valued at approximately $71.41 million. BlackRock, Inc., however, reduced its stake significantly by 4.13 million shares, ending with 4.31 million shares worth $34.97 million. Pale Fire Capital SE made a large addition of 3.30 million shares, now holding 3.96 million shares valued at $32.13 million. Dimensional Fund Advisors LP also increased its position by 262,443 shares, reaching 3.40 million shares valued at $27.62 million.
Cars.com Inc. Stock Down 20.6%
Shares of CARS traded near $9.48. The stock has been the subject of various analyst ratings, with a recent target price from BTIG set at $14. CARS is currently navigating a market environment influenced by these recent insider transactions and institutional movements.
Analysts Set New Price Targets
On May 8, 2026, UBS maintained a hold rating on CARS with a price target of $12, while JP Morgan also maintained a hold rating with a target of $11. B. Riley Securities downgraded the stock to a hold with a $13 target. Earlier, on April 13, 2026, DA Davidson maintained a buy rating with a $13 target.
Bottom Line
Investors are closely watching CARS following the recent insider sales by CFO Sonia Jain and significant movements by institutional investors. These transactions are part of regular disclosures and provide insight into the company's current positioning in the market. While insider activity can be one of many indicators, it's important to view it alongside other market data and analyst insights.
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