Cars.com Inc. (NYSE:CARS) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP increased its holdings in Cars.com Inc. (NYSE:CARS - Free Report) by 140.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 206,076 shares of the company's stock after purchasing an additional 120,534 shares during the quarter. Marshall Wace LLP owned 0.32% of Cars.com worth $3,571,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CARS. Barclays PLC raised its stake in shares of Cars.com by 6.2% during the 4th quarter. Barclays PLC now owns 114,848 shares of the company's stock worth $1,990,000 after buying an additional 6,671 shares during the period. Sterling Capital Management LLC increased its holdings in Cars.com by 813.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock worth $37,000 after acquiring an additional 1,878 shares in the last quarter. LSV Asset Management acquired a new position in Cars.com during the fourth quarter worth $360,000. Raymond James Financial Inc. purchased a new position in Cars.com during the fourth quarter valued at $226,000. Finally, Capula Management Ltd acquired a new stake in shares of Cars.com in the fourth quarter valued at about $289,000. Hedge funds and other institutional investors own 89.15% of the company's stock.

Wall Street Analyst Weigh In

CARS has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. UBS Group reduced their target price on Cars.com from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. DA Davidson lowered their price target on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Barrington Research reiterated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.50.

Cars.com Price Performance

CARS traded up $0.22 during trading on Thursday, reaching $11.86. The company's stock had a trading volume of 86,719 shares, compared to its average volume of 613,968. The company has a market cap of $753.19 million, a price-to-earnings ratio of 20.49 and a beta of 1.92. The firm has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $15.64. Cars.com Inc. has a 1 year low of $9.87 and a 1 year 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.

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.