Sonia Jain, the Chief Financial Officer of Cars.com Inc. (NYSE:CARS), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. The company, currently valued at $1.29 billion, has maintained a strong financial position with InvestingPro data showing a "GOOD" overall financial health score and a comfortable current ratio of 1.79. The transactions, which took place on November 26 and 27, involved the sale of a total of 50,000 shares of common stock. The shares were sold at an average price between $19.62 and $19.74, resulting in a total transaction value of approximately $984,000. The sale comes as the stock trades near its 52-week high of $21.24.
Following these transactions, Jain retains ownership of 204,200 shares of Cars.com. The sales were conducted in multiple transactions, with the prices for the shares ranging from $19.50 to $20.00. These transactions were executed as part of Jain's direct ownership of the company's stock. According to InvestingPro, the stock's RSI suggests it is in overbought territory, one of several key insights available in the comprehensive Pro Research Report covering Cars.com.
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