Geode Capital Management LLC Sells 25,662 Shares of Cars.com Inc. (NYSE:CARS)

Geode Capital Management LLC lessened its position in Cars.com Inc. (NYSE:CARS - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,436,650 shares of the company's stock after selling 25,662 shares during the quarter. Geode Capital Management LLC owned approximately 2.22% of Cars.com worth $24,903,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Cars.com by 193.0% in the 4th 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 in the last quarter. KBC Group NV grew its stake in Cars.com by 68.2% in the fourth 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 increased its position 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 worth $89,000 after purchasing an additional 1,516 shares during the last quarter. Principal Securities Inc. raised its stake 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 worth $152,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Cars.com in the 4th quarter valued at approximately $156,000. Institutional investors own 89.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group cut their price target on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target 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. DA Davidson decreased their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Barrington Research restated an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research note on Tuesday, March 4th. Two equities research 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.50.

Cars.com Stock Performance

CARS traded up $0.19 during trading on Thursday, hitting $11.69. The stock had a trading volume of 93,050 shares, compared to its average volume of 616,675. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The company has a 50 day moving average price of $12.31 and a 200-day moving average price of $15.77. Cars.com Inc. has a one year low of $9.87 and a one year high of $21.24. The firm has a market cap of $742.45 million, a price-to-earnings ratio of 20.14 and a beta of 1.92.

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.