Bank of New York Mellon Corp Has $5.10 Million Stock Position in Cars.com Inc. (NYSE:CARS)

Bank of New York Mellon Corp lowered its holdings in Cars.com Inc. (NYSE:CARS - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 452,711 shares of the company's stock after selling 33,101 shares during the period. Bank of New York Mellon Corp owned about 0.71% of Cars.com worth $5,102,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cars.com by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,974 shares of the company's stock valued at $970,000 after purchasing an additional 587 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Cars.com by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 236,850 shares of the company's stock valued at $4,105,000 after purchasing an additional 827 shares during the period. Level Four Advisory Services LLC increased its stake in shares of Cars.com by 2.7% in the fourth quarter. Level Four Advisory Services LLC now owns 64,823 shares of the company's stock valued at $1,123,000 after purchasing an additional 1,700 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Cars.com by 16.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,838 shares of the company's stock valued at $133,000 after purchasing an additional 1,710 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in shares of Cars.com by 7.2% in the fourth quarter. Benjamin Edwards Inc. now owns 26,436 shares of the company's stock valued at $458,000 after purchasing an additional 1,772 shares during the period. Institutional investors own 89.15% of the company's stock.

Cars.com Trading Down 0.2%

Cars.com stock traded down $0.03 during midday trading on Monday, reaching $13.39. The stock had a trading volume of 382,029 shares, compared to its average volume of 679,133. The firm's fifty day simple moving average is $11.48 and its two-hundred day simple moving average is $12.84. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $850.64 million, a price-to-earnings ratio of 19.69 and a beta of 1.86.

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). Cars.com had a return on equity of 16.86% and a net margin of 6.32%. The firm had revenue of $179.02 million during the quarter, compared to analyst estimates of $179.82 million. During the same period in the prior year, the business posted $0.43 EPS. The company's revenue for the quarter was down .7% on a year-over-year basis. Equities analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas Alex Vetter acquired 27,870 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $10.75 per share, with a total value of $299,602.50. Following the purchase, the chief executive officer owned 844,897 shares of the company's stock, valued at approximately $9,082,642.75. This trade represents a 3.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on CARS shares. 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 note on Thursday, July 17th. 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 note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.30.

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.