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    SEC Form SC 13G filed by Cars.com Inc.

    2/13/23 6:09:21 AM ET
    $CARS
    EDP Services
    Technology
    Get the next $CARS alert in real time by email
    SC 13G 1 brhc10048045_sc13g.htm SC 13G

    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C.  20549
     
    SCHEDULE 13G

    Under the Securities Exchange Act of 1934
     
    INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
    UNDER THE SECURITIES EXCHANGE ACT OF 1934
     
    Cars.Com Inc
    (Name of Issuer)
     
    Ordinary Shares of par value USD0.01
    (Title of Class of Securities)
     
    14575E105
    (CUSIP Number)
     
    December 31,2022
    (Date of Event Which Requires Filing of this Statement)
     
    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
     
    ☒  Rule 13d-1(b)
    ☐  Rule 13d-1(c)
    ☐  Rule 13d-1(d)

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).





    SCHEDULE 13G
     
    CUSIP • 14575E105
            
    1
    NAMES OF REPORTING PERSONS
     
     
    Ninety One UK Ltd (Previously disclosed as Investec Asset Management Limited)
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     

     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    United Kingdom
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    3,329,718
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    3,329,718
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    3,329,718
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    4.99%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    FI
     
     
     
     


    Schedule 13G
     
    Item 1(a).
    Name of Issuer:
     
    Cars.Com, Inc
     
    Item 1(b).
    Address of Issuer’s Principal Executive Offices:
     
    300 S. Riverside Plaza
    Suite 1000
    Chicago, IL 60606

    Item 2(a).
    Name of Person Filing:
     
    Ninety One UK Ltd
     
    Item 2(b).
    Address of Principal Business Office or, if None, Residence:
     
    Ninety One UK Limited
    55 Gresham Street
    London
    EC2V 7HB
    United Kingdom

    Item 2(c).
    Citizenship:
     
    United Kingdom

    Item 2(d).
    Title of Class of Securities:
     
    Ordinary Shares of par value USD0.01
     
    Item 2(e).
    CUSIP Number:
     
    14575E105
     

    Item 3.
    If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
     
     
    (a)
    ☐
    Broker or Dealer Registered Under Section 15 of the Act (15 U.S.C. 78o)
     
    (b)
    ☐
    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)
     
    (c)
    ☐
    Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c)
     
    (d)
    ☐
    Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)
     
    (e)
    ☐
    Investment Adviser in accordance with § 240.13d-1(b)(1)(ii)(E)
     
    (f)
    ☐
    Employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F)
     
    (g)
    ☐
    Parent Holding Company or control person in accordance with §240.13d-1(b)(ii)(G)
     
    (h)
    ☐
    Savings Association as defined in §3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)
     
    (i)
    ☐
    Church plan that is excluded from the definition of an investment company under §3(c)(15) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)
     
    (j)
    ☒
    A non-U.S. institution in accordance with §240.13d-1(b)(ii)(J)
     
    (k)
    ☐
    Group, in accordance with §240.13d-1(b)(ii)(K)

    Item 4.
    Ownership.
     
     
    (a)
    Amount beneficially owned:
           
     
    3,329,718
           
     
    (b)
    Percent of class:
           
     
    4.99%
           
     
    (c)
    Number of shares as to which such person has:
           
       
    (i)
    Sole power to vote or to direct the vote:
           
         
    3,329,718
           
       
    (ii)
    Shared power to vote or to direct the vote
           
         
    0
           
       
    (iii)
    Sole power to dispose or to direct the disposition of:
           
         
    3,329,718
           
       
    (iv)
    Shared power to dispose or to direct the disposition of
           
         
    0
     

    Item 5.
    Ownership of Five Percent or Less of a Class.
     
    Ninety One UK (“Ninety One UK) in its capacity as discretionary investment advisor to its various clients may be deemed to be the beneficial owner of 3,329,718 shares owned by such clients or for such clients’ benefit, Ninety One UK, in its capacity as discretionary investment adviser, has the power to dispose, direct the disposition of, and vote the shares.  The clients are entitled to receive all dividends from and proceeds from any sale of, the shares.



    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person.
     
    Not Applicable.
     
    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
     
    Not Applicable.
     
    Item 8.
    Identification and Classification of Members of the Group.
     
    Not Applicable.
     
    Item 9.
    Notice of Dissolution of Group.
     
    Not Applicable.
     
    Item 10.
    Certification.
     
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


    SIGNATURE
     
    After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.
     
    Date: February 8th 2023
       
         
     
    • Ninety One UK Limited
         
     
    By:
    Richard Brearley
       
    Name: Richard Brearley
       
    Title: Head of Compliance



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