Cars.com Inc. (NYSE:CARS) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Cars.com Inc. (NYSE:CARS - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,172,706 shares of the company's stock after buying an additional 55,143 shares during the quarter. Dimensional Fund Advisors LP owned about 4.90% of Cars.com worth $54,984,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in shares of Cars.com by 193.0% during the fourth 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 during the last quarter. Sterling Capital Management LLC increased its holdings in Cars.com by 813.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock worth $37,000 after purchasing an additional 1,878 shares during the last quarter. KBC Group NV raised its position in shares of Cars.com by 68.2% in the 4th quarter. KBC Group NV now owns 3,885 shares of the company's stock valued at $67,000 after purchasing an additional 1,575 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Cars.com by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock valued at $89,000 after buying an additional 1,516 shares during the last quarter. Finally, Principal Securities Inc. grew its position in shares of Cars.com by 22.1% during the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company's stock worth $152,000 after buying an additional 1,592 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CARS has been the topic of several recent analyst reports. UBS Group cut their price target on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. DA Davidson reduced 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 report on Friday, February 28th. 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 report on Thursday, March 27th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Cars.com presently has an average rating of "Moderate Buy" and an average target price of $18.50.

Cars.com Stock Performance

NYSE CARS traded down $1.39 during trading hours on Thursday, reaching $9.93. The company's stock had a trading volume of 480,235 shares, compared to its average volume of 622,999. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The business has a 50-day simple moving average of $11.55 and a 200 day simple moving average of $15.49. Cars.com Inc. has a 52 week low of $9.57 and a 52 week high of $21.24. The stock has a market cap of $630.83 million, a PE ratio of 17.12 and a beta of 1.95.

Cars.com Company 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.