Segall Bryant & Hamill LLC Invests $439,000 in Cars.com Inc. (NYSE:CARS)

Segall Bryant & Hamill LLC purchased a new stake in Cars.com Inc. (NYSE:CARS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 38,967 shares of the company's stock, valued at approximately $439,000. Segall Bryant & Hamill LLC owned 0.06% of Cars.com as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in Cars.com by 157.7% in the 1st quarter. Victory Capital Management Inc. now owns 151,603 shares of the company's stock valued at $1,709,000 after purchasing an additional 92,780 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Cars.com by 13.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 398,000 shares of the company's stock valued at $4,485,000 after purchasing an additional 46,562 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Cars.com by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 296,907 shares of the company's stock worth $3,346,000 after buying an additional 7,725 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in shares of Cars.com during the 1st quarter worth about $3,273,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Cars.com by 16.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,838 shares of the company's stock worth $133,000 after buying an additional 1,710 shares in the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Cars.com from a "neutral" rating to an "overweight" rating and set a $14.00 price target on the stock in a research report on Thursday. UBS Group dropped 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 report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.30.

Cars.com Price Performance

Shares of CARS traded down $0.13 during mid-day trading on Friday, hitting $12.85. The company's stock had a trading volume of 720,982 shares, compared to its average volume of 694,775. The firm has a 50-day moving average price of $11.21 and a 200 day moving average price of $13.03. The stock has a market capitalization of $816.36 million, a price-to-earnings ratio of 18.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 1.65. Cars.com Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $21.24.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $179.02 million during the quarter, compared to analyst estimates of $179.82 million. Cars.com had a return on equity of 16.86% and a net margin of 6.32%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, research analysts predict that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity

In other news, CEO Thomas Alex Vetter bought 27,870 shares of the company's stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $10.75 per share, with a total value of $299,602.50. Following the completion of the transaction, the chief executive officer directly owned 844,897 shares in the company, valued at approximately $9,082,642.75. The trade was a 3.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.39% of the stock is owned by corporate insiders.

About Cars.com

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.