Schonfeld Strategic Advisors LLC Takes Position in Cars.com Inc. (NYSE:CARS)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,300 shares of the company's stock, valued at approximately $456,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CARS. Boston Partners grew its position in Cars.com by 26.0% during the fourth quarter. Boston Partners now owns 3,178,426 shares of the company's stock valued at $55,021,000 after buying an additional 655,518 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Cars.com by 609.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company's stock worth $7,675,000 after buying an additional 380,439 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Cars.com in the fourth quarter worth about $4,460,000. Villanova Investment Management Co LLC purchased a new position in shares of Cars.com in the fourth quarter worth about $3,890,000. Finally, LPL Financial LLC purchased a new position in shares of Cars.com in the fourth quarter worth about $3,408,000. Institutional investors and hedge funds own 89.15% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CARS shares. Barrington Research reissued an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research note on Tuesday, March 4th. DA Davidson decreased their price target on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, UBS Group decreased their price target on shares of Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $18.30.

Insider Activity

In related news, CEO Thomas Alex Vetter purchased 27,870 shares of Cars.com stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $10.75 per share, with a total value of $299,602.50. Following the purchase, the chief executive officer now owns 844,897 shares of the company's stock, valued at approximately $9,082,642.75. The trade was a 3.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.12% of the company's stock.

Cars.com Trading Up 0.3%

Shares of Cars.com stock traded up $0.03 during mid-day trading on Friday, hitting $10.89. The stock had a trading volume of 146,679 shares, compared to its average volume of 635,898. The firm has a 50-day moving average of $11.40 and a two-hundred day moving average of $15.29. Cars.com Inc. has a 12-month low of $9.56 and a 12-month high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a market cap of $691.82 million, a P/E ratio of 18.77 and a beta of 1.95.

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