The main purpose of the given paper is to analyze a less studied third order non-linear partial differential equation, the so-called Cavalcante–Tenenblat equation (CTE) in the following form: u t = ( u x - 1 / 2 ) xx + u x 3 / 2 . Since general class of solutions are of basic interest a complete characterization of the group properties is given. The traveling wave ‘ansatz’ restricts the solution manifold to special class of solutions and hence, a generalize algorithm is necessary. We determine the Lie point symmetry vector fields and calculate similarity ‘ansätze’. Further, we also derive a few non-linear transformations and some similarity solutions are obtained explicitly. Due to the complexity of some similarity solutions a numerical procedure is of advantage. Moreover, the non-classical case (potential symmetries) is studied to the first time and further, we show how the CTE leads to approximate symmetries and we apply the method to the first time. We call the disturbed equation the CTE– ε equation and we show how to derive new class of solutions. Finally, the equation does not pass the Painlevé-test and is therefore not soluble by the Inverse Scattering Transform Method (IST). Hence, suitable alternative (algebraic) approaches are necessary to derive class of solutions explicitly.