D. E. Shaw & Co. Inc. trimmed its position in Cars.com Inc. (NYSE:CARS - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,094 shares of the company's stock after selling 87,400 shares during the period. D. E. Shaw & Co. Inc. owned about 0.21% of Cars.com worth $2,393,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Cars.com in the fourth quarter worth approximately $4,460,000. Villanova Investment Management Co LLC purchased a new position in Cars.com in the 4th quarter valued at $3,890,000. Dimensional Fund Advisors LP boosted its stake in Cars.com by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock worth $54,984,000 after purchasing an additional 55,143 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Cars.com during the fourth quarter worth $1,081,000. Finally, Smartleaf Asset Management LLC grew its stake in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock valued at $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 Stock Down 1.6%
NYSE:CARS traded down $0.17 during mid-day trading on Monday, hitting $10.05. The stock had a trading volume of 535,243 shares, compared to its average volume of 645,085. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $21.24. The stock has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $14.97. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $638.65 million, a PE ratio of 17.33 and a beta of 1.95.
Cars.com (NYSE:CARS - Get Free Report) last released 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 firm had revenue of $179.02 million for the quarter, compared to analysts' expectations of $179.82 million. Cars.com had a return on equity of 9.99% and a net margin of 5.46%. Cars.com's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. On average, equities research analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current year.
Insider Activity
In related news, CEO Thomas Alex Vetter bought 27,870 shares of the stock in a transaction dated Friday, May 9th. The stock was 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 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.39% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on CARS. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. UBS Group dropped their price target on shares of Cars.com from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their price objective on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, DA Davidson cut their target price on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Cars.com has an average rating of "Moderate Buy" and an average target price of $18.30.
Read Our Latest Stock Analysis on Cars.com
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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