Cars.com Inc. (NYSE:CARS) Stock Holdings Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 56.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 282,874 shares of the company's stock after purchasing an additional 102,015 shares during the quarter. Ameriprise Financial Inc. owned 0.44% of Cars.com worth $4,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock valued at $29,000 after purchasing an additional 1,079 shares in the last quarter. Sterling Capital Management LLC lifted 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 buying an additional 1,878 shares in the last quarter. Quarry LP boosted its position in Cars.com by 184.5% in the 4th quarter. Quarry LP now owns 3,476 shares of the company's stock valued at $60,000 after buying an additional 2,254 shares during the last quarter. KBC Group NV grew its stake in shares of Cars.com by 68.2% during the fourth quarter. KBC Group NV now owns 3,885 shares of the company's stock valued at $67,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Cars.com by 41.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock valued at $89,000 after acquiring an additional 1,516 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company's stock.

Cars.com Stock Up 2.1%

Shares of Cars.com stock traded up $0.21 during trading on Tuesday, reaching $10.26. The company had a trading volume of 753,919 shares, compared to its average volume of 645,521. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $21.24. The firm's fifty day moving average is $11.25 and its 200-day moving average is $14.97. The company has a market cap of $651.80 million, a price-to-earnings ratio of 17.69 and a beta of 1.95.

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 for the quarter, missing the consensus estimate of $0.39 by ($0.02). Cars.com had a net margin of 5.46% and a return on equity of 9.99%. The firm had revenue of $179.02 million during the quarter, compared to the consensus estimate of $179.82 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current year.

Insider Activity

In other Cars.com news, CEO Thomas Alex Vetter purchased 27,870 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of $10.75 per share, with a total value of $299,602.50. Following the acquisition, the chief executive officer now owns 844,897 shares of the company's stock, valued at approximately $9,082,642.75. This represents a 3.41% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CARS. DA Davidson cut 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. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut their target price 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. Finally, UBS Group reduced their target price on Cars.com from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Two equities research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $18.30.

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.