Ameriprise Financial Inc. boosted its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 282,874 shares of the company's stock after acquiring 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 reporting period.
Several other institutional investors also recently bought and sold shares of CARS. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Cars.com in the fourth quarter valued at approximately $4,460,000. Villanova Investment Management Co LLC purchased a new stake in Cars.com in the 4th quarter worth $3,890,000. Dimensional Fund Advisors LP increased its holdings in Cars.com by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock worth $54,984,000 after acquiring an additional 55,143 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in Cars.com in the 4th quarter worth $1,081,000. Finally, Smartleaf Asset Management LLC increased its holdings in Cars.com by 193.0% in the 4th 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 in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.
Cars.com Price Performance
NYSE CARS traded down $0.10 during trading hours on Thursday, hitting $10.13. 752,300 shares of the company's stock traded hands, compared to its average volume of 647,183. Cars.com Inc. has a 52-week low of $9.56 and a 52-week high of $21.24. The company has a market capitalization of $643.22 million, a PE ratio of 17.46 and a beta of 1.95. 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 firm's 50-day moving average is $11.15 and its 200-day moving average is $14.84.
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 for the quarter, compared to analysts' expectations of $179.82 million. Cars.com had a net margin of 5.46% and a return on equity of 9.99%. The firm's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Equities analysts forecast that Cars.com Inc. will post 1.19 EPS for the current fiscal year.
Analyst Ratings Changes
CARS has been the subject of several recent analyst reports. DA Davidson cut their price target on shares of 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. dropped their price target on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Barrington Research reiterated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Finally, UBS Group dropped their price target on Cars.com from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Cars.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.30.
Read Our Latest Analysis on Cars.com
Insider Transactions at Cars.com
In related news, CEO Thomas Alex Vetter purchased 27,870 shares of Cars.com stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $10.75 per share, for a total transaction of $299,602.50. Following the acquisition, the chief executive officer now directly owns 844,897 shares in the company, valued at approximately $9,082,642.75. The trade was a 3.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.39% of the company's stock.
About Cars.com
(
Free Report)
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.
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