Cubist Systematic Strategies LLC acquired a new stake in Cars.com Inc. (NYSE:CARS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 59,775 shares of the company's stock, valued at approximately $1,036,000. Cubist Systematic Strategies LLC owned 0.09% of Cars.com at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Intrinsic Edge Capital Management LLC acquired a new position in shares of Cars.com during the 4th quarter worth about $4,460,000. Villanova Investment Management Co LLC acquired a new position in shares of Cars.com during the 4th quarter worth about $3,890,000. Dimensional Fund Advisors LP boosted its position in shares of Cars.com by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock worth $54,984,000 after acquiring an additional 55,143 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of Cars.com during the 4th quarter worth about $1,081,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock worth $29,000 after acquiring an additional 1,079 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company's stock.
Wall Street Analysts Forecast Growth
CARS has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. DA Davidson decreased their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a research report on Friday, February 28th. UBS Group decreased their target price on Cars.com from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Cars.com currently has a consensus rating of "Moderate Buy" and an average target price of $18.30.
Read Our Latest Analysis on CARS
Insider Transactions at Cars.com
In other news, CEO Thomas Alex Vetter acquired 27,870 shares of Cars.com stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $10.75 per share, with a total value of $299,602.50. Following the completion of the acquisition, the chief executive officer now owns 844,897 shares in the company, valued at $9,082,642.75. This trade represents a 3.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.12% of the company's stock.
Cars.com Stock Performance
Shares of NYSE CARS traded up $0.09 during trading hours on Friday, reaching $10.95. The stock had a trading volume of 719,024 shares, compared to its average volume of 638,416. The firm has a 50-day moving average of $11.38 and a 200-day moving average of $15.25. Cars.com Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $21.24. The firm has a market cap of $695.31 million, a price-to-earnings ratio of 18.87 and a beta of 1.95. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.
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 the consensus estimate of $0.39 by ($0.02). Cars.com had a net margin of 5.46% and a return on equity of 9.99%. The company had revenue of $179.02 million during the quarter, compared to analysts' expectations of $179.82 million. During the same quarter last year, the business posted $0.43 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts predict that Cars.com Inc. will post 1.19 earnings per share for the current year.
Cars.com Profile
(
Free Report)
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.
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