ArrowMark Colorado Holdings LLC Sells 46,000 Shares of Cars.com Inc. (NYSE:CARS)

ArrowMark Colorado Holdings LLC reduced its stake in Cars.com Inc. (NYSE:CARS - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,000 shares of the company's stock after selling 46,000 shares during the period. ArrowMark Colorado Holdings LLC owned 0.73% of Cars.com worth $8,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CARS. Boston Partners lifted its stake in shares of Cars.com by 26.0% in the 4th quarter. Boston Partners now owns 3,178,426 shares of the company's stock valued at $55,021,000 after purchasing an additional 655,518 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Cars.com by 609.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company's stock valued at $7,675,000 after buying an additional 380,439 shares during the period. Intrinsic Edge Capital Management LLC bought a new stake in shares of Cars.com during the 4th quarter valued at $4,460,000. Villanova Investment Management Co LLC bought a new position in shares of Cars.com in the 4th quarter worth about $3,890,000. Finally, LPL Financial LLC bought a new position in shares of Cars.com during the fourth quarter valued at approximately $3,408,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Cars.com Stock Performance

NYSE CARS traded up $0.60 during trading hours on Friday, hitting $10.65. 887,698 shares of the company's stock traded hands, compared to its average volume of 630,171. 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 Inc. has a 52 week low of $9.56 and a 52 week high of $21.24. The firm has a market capitalization of $676.57 million, a P/E ratio of 18.36 and a beta of 1.95. The business's fifty day moving average price is $11.49 and its two-hundred day moving average price is $15.46.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS 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 firm had revenue of $179.02 million for the quarter, compared to the consensus estimate of $179.82 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts predict that Cars.com Inc. will post 1.19 EPS for the current year.

Analyst Ratings Changes

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

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.