Cars.com Inc. (NYSE:CARS) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Cars.com Inc. (NYSE:CARS - Free Report) by 663.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,198 shares of the company's stock after acquiring an additional 79,256 shares during the quarter. SG Americas Securities LLC owned approximately 0.14% of Cars.com worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CARS. Boston Partners grew its stake in Cars.com by 26.0% during the 4th quarter. Boston Partners now owns 3,178,426 shares of the company's stock worth $55,021,000 after buying an additional 655,518 shares during the last quarter. SG Capital Management LLC bought a new position in Cars.com during the 4th quarter worth $10,908,000. Arrowstreet Capital Limited Partnership grew its stake in Cars.com by 609.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company's stock worth $7,675,000 after buying an additional 380,439 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new position in Cars.com during the 4th quarter worth $4,460,000. Finally, Villanova Investment Management Co LLC bought a new position in Cars.com during the 4th quarter worth $3,890,000. 89.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Thomas Alex Vetter bought 27,870 shares of Cars.com 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 completion of the acquisition, the chief executive officer now directly owns 844,897 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Insiders own 2.39% of the company's stock.

Cars.com Price Performance

NYSE:CARS traded up $0.68 during midday trading on Thursday, hitting $10.92. 1,053,262 shares of the stock were exchanged, compared to its average volume of 662,172. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $693.43 million, a price-to-earnings ratio of 16.05 and a beta of 1.83. The business has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $14.00. Cars.com Inc. has a one year low of $9.56 and a one year 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 for the quarter, missing the consensus estimate of $0.39 by ($0.02). Cars.com had a net margin of 6.32% and a return on equity of 16.86%. The firm had revenue of $179.02 million during the quarter, compared to analyst estimates of $179.82 million. During the same quarter last year, the company earned $0.43 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts predict that Cars.com Inc. will post 1.19 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CARS. JPMorgan Chase & Co. lowered 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 reduced their price target 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. UBS Group reduced 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.