Teacher Retirement System of Texas Has $969,000 Stock Holdings in Cars.com Inc. (NYSE:CARS)

Teacher Retirement System of Texas decreased its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 21.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,000 shares of the company's stock after selling 23,714 shares during the period. Teacher Retirement System of Texas owned 0.14% of Cars.com worth $969,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Cars.com by 624.9% during the 1st quarter. GAMMA Investing LLC now owns 4,690 shares of the company's stock valued at $53,000 after purchasing an additional 4,043 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Cars.com by 56.4% during the 4th quarter. Ameriprise Financial Inc. now owns 282,874 shares of the company's stock worth $4,902,000 after purchasing an additional 102,015 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in shares of Cars.com during the fourth quarter valued at about $4,460,000. Deutsche Bank AG lifted its stake in shares of Cars.com by 46.3% in the fourth quarter. Deutsche Bank AG now owns 59,442 shares of the company's stock valued at $1,030,000 after buying an additional 18,799 shares during the period. Finally, Villanova Investment Management Co LLC acquired a new stake in Cars.com during the fourth quarter worth about $3,890,000. 89.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CARS shares. 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 report on Thursday, March 27th. 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 report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Cars.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.30.

Insider Transactions at Cars.com

In other news, CEO Thomas Alex Vetter acquired 27,870 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $10.75 per share, with a total value of $299,602.50. Following the completion of the purchase, the chief executive officer owned 844,897 shares of the company's stock, valued at $9,082,642.75. This represents a 3.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.12% of the stock is owned by corporate insiders.

Cars.com Price Performance

Shares of CARS stock traded up $0.07 during trading hours on Monday, hitting $12.65. The company had a trading volume of 541,747 shares, compared to its average volume of 787,123. Cars.com Inc. has a 12 month low of $9.56 and a 12 month high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.65 and a current ratio of 1.65. The firm's fifty day moving average is $11.05 and its 200 day moving average is $13.16. The firm has a market capitalization of $803.34 million, a price-to-earnings ratio of 18.60 and a beta of 1.86.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The company had revenue of $179.02 million during the quarter, compared to the consensus estimate of $179.82 million. Cars.com had a net margin of 6.32% and a return on equity of 16.86%. The business's revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. On average, sell-side analysts predict that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

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.