Bayesian Capital Management LP Takes $529,000 Position in Cars.com Inc. (NYSE:CARS)

Bayesian Capital Management LP bought 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 & Exchange Commission. The fund bought 30,549 shares of the company's stock, valued at approximately $529,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Cars.com by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 236,850 shares of the company's stock worth $4,105,000 after acquiring an additional 827 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock valued at $29,000 after acquiring an additional 1,079 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock valued at $89,000 after acquiring an additional 1,516 shares during the period. KBC Group NV lifted its position in shares of Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company's stock valued at $67,000 after buying an additional 1,575 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of Cars.com by 22.1% during the 4th quarter. Principal Securities Inc. now owns 8,786 shares of the company's stock valued at $152,000 after buying an additional 1,592 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CARS. Barrington Research restated an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. DA Davidson cut their price objective 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. 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 research report on Thursday, March 27th. Finally, UBS Group cut 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.30.

Cars.com Stock Performance

Shares of CARS stock traded down $0.05 during mid-day trading on Monday, hitting $10.38. 229,132 shares of the stock were exchanged, compared to its average volume of 631,519. Cars.com Inc. has a 12-month low of $9.56 and a 12-month high of $21.24. 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 stock has a market capitalization of $659.42 million, a price-to-earnings ratio of 17.88 and a beta of 1.95. The stock's fifty day simple moving average is $11.46 and its two-hundred day simple moving average is $15.42.

Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $179.02 million for the quarter, compared to analyst estimates of $179.82 million. Cars.com had a return on equity of 9.99% and a net margin of 5.46%. The firm's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. On average, analysts forecast that Cars.com Inc. will post 1.19 EPS for the current year.

Cars.com Profile

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.