Bank of America Corp DE raised its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 32.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,796 shares of the company's stock after buying an additional 40,633 shares during the quarter. Bank of America Corp DE owned about 0.26% of Cars.com worth $2,873,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock worth $29,000 after purchasing an additional 1,079 shares during the period. Sterling Capital Management LLC boosted its position in Cars.com by 813.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock worth $37,000 after acquiring an additional 1,878 shares during the period. Quarry LP grew its stake in shares of Cars.com by 184.5% in the fourth quarter. Quarry LP now owns 3,476 shares of the company's stock worth $60,000 after purchasing an additional 2,254 shares in the last quarter. KBC Group NV grew its stake in shares of Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company's stock worth $67,000 after purchasing 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% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 89.15% of the company's stock.
Cars.com Stock Up 1.9%
Shares of Cars.com stock traded up $0.19 during midday trading on Tuesday, hitting $10.35. The company's stock had a trading volume of 227,350 shares, compared to its average volume of 645,880. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com Inc. has a 1-year low of $9.56 and a 1-year high of $21.24. The stock has a 50-day simple moving average of $11.07 and a 200-day simple moving average of $14.66. The firm has a market capitalization of $657.51 million, a P/E ratio of 17.85 and a beta of 1.95.
Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The business had revenue of $179.02 million during the quarter, compared to the consensus estimate of $179.82 million. Cars.com had a return on equity of 9.99% and a net margin of 5.46%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. As a group, sell-side analysts expect that Cars.com Inc. will post 1.19 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on CARS shares. UBS Group lowered their price target on Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective 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. DA Davidson decreased their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.30.
Read Our Latest Research Report on CARS
Insider Buying and Selling
In related news, CEO Thomas Alex Vetter bought 27,870 shares of the company'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 in the company, valued at approximately $9,082,642.75. This represents a 3.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.39% of the stock is owned by company insiders.
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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