Tudor Investment Corp ET AL Buys Shares of 138,065 Cars.com Inc. (NYSE:CARS)

Tudor Investment Corp ET AL purchased a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 138,065 shares of the company's stock, valued at approximately $2,393,000. Tudor Investment Corp ET AL owned 0.21% of Cars.com at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in Cars.com by 340.9% during the 3rd quarter. Barclays PLC now owns 108,177 shares of the company's stock valued at $1,813,000 after purchasing an additional 83,642 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Cars.com by 35.9% during the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company's stock valued at $4,939,000 after purchasing an additional 74,133 shares during the period. Park Avenue Securities LLC raised its stake in shares of Cars.com by 16.2% in the fourth quarter. Park Avenue Securities LLC now owns 18,002 shares of the company's stock valued at $312,000 after purchasing an additional 2,506 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company's stock worth $316,000 after purchasing an additional 6,855 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Cars.com by 74.2% during the fourth quarter. SG Americas Securities LLC now owns 11,942 shares of the company's stock worth $207,000 after buying an additional 5,086 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Barrington Research reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, DA Davidson dropped their price objective on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Cars.com Price Performance

Cars.com stock traded up $0.61 on Friday, reaching $10.66. The company's stock had a trading volume of 793,047 shares, compared to its average volume of 629,777. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $21.24. The company has a market cap of $677.21 million, a price-to-earnings ratio of 18.38 and a beta of 1.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The business's fifty day moving average price is $11.49 and its 200 day moving average price is $15.46.

Cars.com (NYSE:CARS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). Cars.com had a return on equity of 9.99% and a net margin of 5.46%. The company had revenue of $179.02 million during the quarter, compared to the consensus estimate of $179.82 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The company's revenue was down .7% on a year-over-year basis. Equities analysts expect that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

About Cars.com

Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.