Cetera Investment Advisers Takes Position in Cars.com Inc. $CARS

Key Points

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Cetera Investment Advisers acquired a new stake in Cars.com Inc. (NYSE:CARS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,663 shares of the company's stock, valued at approximately $368,000. Cetera Investment Advisers owned about 0.05% of Cars.com as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Cars.com by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock valued at $54,984,000 after acquiring an additional 55,143 shares during the last quarter. Northern Trust Corp boosted its stake in Cars.com by 17.6% in the fourth quarter. Northern Trust Corp now owns 804,640 shares of the company's stock valued at $13,944,000 after acquiring an additional 120,331 shares during the last quarter. SG Capital Management LLC bought a new position in Cars.com in the fourth quarter valued at approximately $10,908,000. Envestnet Asset Management Inc. boosted its stake in Cars.com by 13.2% in the first quarter. Envestnet Asset Management Inc. now owns 398,000 shares of the company's stock valued at $4,485,000 after acquiring an additional 46,562 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Cars.com by 7.0% in the fourth quarter. Lazard Asset Management LLC now owns 365,735 shares of the company's stock valued at $6,338,000 after acquiring an additional 23,960 shares during the last quarter. 89.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cars.com news, insider Matthew B. Crawford sold 15,000 shares of Cars.com stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $11.77, for a total value of $176,550.00. Following the completion of the sale, the insider owned 98,461 shares in the company, valued at $1,158,885.97. The trade was a 13.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.39% of the stock is owned by company insiders.

Cars.com Stock Performance

Shares of CARS stock traded up $0.68 during midday trading on Friday, hitting $13.14. 543,662 shares of the company were exchanged, compared to its average volume of 800,164. The firm has a market capitalization of $807.32 million, a P/E ratio of 21.19 and a beta of 1.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. The firm's 50 day moving average price is $12.30 and its two-hundred day moving average price is $12.27. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $20.47.

Cars.com (NYSE:CARS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $178.74 million for the quarter, compared to the consensus estimate of $179.43 million. Cars.com had a return on equity of 17.43% and a net margin of 5.71%.The business's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. As a group, equities research analysts anticipate that Cars.com Inc. will post 1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CARS shares. B. Riley reaffirmed a "buy" rating and issued a $22.00 price objective (up from $21.00) on shares of Cars.com in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Cars.com from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Cars.com in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Cars.com from a "neutral" rating to an "overweight" rating and set a $14.00 price objective on the stock in a report on Thursday, July 17th. Finally, UBS Group dropped their price objective on shares of Cars.com from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.30.

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.