Cars.com Inc. (NYSE:CARS) Shares Acquired by Dimensional Fund Advisors LP

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

Several other large investors have also recently bought and sold shares of CARS. Boston Partners grew its stake in shares of Cars.com by 26.0% during the 4th quarter. Boston Partners now owns 3,178,426 shares of the company's stock worth $55,021,000 after purchasing an additional 655,518 shares during the period. Arrowstreet Capital Limited Partnership grew 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 worth $7,675,000 after buying an additional 380,439 shares during the period. Villanova Investment Management Co LLC purchased a new position in Cars.com in the fourth quarter valued at about $3,890,000. LPL Financial LLC acquired a new stake in shares of Cars.com during the 4th quarter valued at approximately $3,408,000. Finally, Trexquant Investment LP purchased a new stake in shares of Cars.com during the 4th quarter worth approximately $2,475,000. Hedge funds and other institutional investors own 89.15% of the company's stock.

Cars.com Trading Up 1.6 %

Shares of CARS stock opened at $11.93 on Friday. Cars.com Inc. has a twelve month low of $9.87 and a twelve month high of $21.24. The company has a market capitalization of $757.89 million, a price-to-earnings ratio of 20.57 and a beta of 1.92. The firm has a 50-day moving average price of $11.67 and a 200 day moving average price of $15.59. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

Analysts Set New Price Targets

CARS has been the subject of several research reports. DA Davidson reduced their price objective on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. cut their price target on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Barrington Research reissued an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Finally, UBS Group cut their target price on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Two 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.50.

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.

Want to see what other hedge funds are holding CARS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cars.com Inc. (NYSE:CARS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.