Why Cars.com (CARS) Stock Is Up Today

Shares of online new and used car marketplace Cars.com (NYSE:CARS) jumped 5.5% in the afternoon session after a company director, Ross Jenell, reported an open-market purchase of company stock, a move often seen as a signal of insider confidence. According to a filing, Jenell bought 1,995 shares. Such purchases by high-level insiders can suggest they believe the company's shares are undervalued or that positive developments are on the horizon. Bolstering the stock's rise, the broader market also