Cars.com Inc. $CARS Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Cars.com by 10.6% during Q1, acquiring an additional 88,463 shares to reach a total of 923,314 shares, valued at approximately $10.4 million.
• Insider Matthew B. Crawford sold 15,000 shares of Cars.com at an average price of $11.77, representing a 13.22% decrease in ownership.
• Wall Street analysts have mixed views on Cars.com, with price targets ranging from $11.00 to $25.00, and a consensus rating of "Moderate Buy."

Charles Schwab Investment Management Inc. grew its holdings in Cars.com Inc. (NYSE:CARS - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 923,314 shares of the company's stock after purchasing an additional 88,463 shares during the period. Charles Schwab Investment Management Inc. owned about 1.45% of Cars.com worth $10,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Cars.com by 624.9% in the first quarter. GAMMA Investing LLC now owns 4,690 shares of the company's stock worth $53,000 after purchasing an additional 4,043 shares during the period. Quarry LP increased its stake in Cars.com by 184.5% in the fourth quarter. Quarry LP now owns 3,476 shares of the company's stock worth $60,000 after purchasing an additional 2,254 shares during the period. Point72 Asset Management L.P. purchased a new stake in Cars.com in the fourth quarter worth $61,000. PNC Financial Services Group Inc. increased its stake in Cars.com by 22.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company's stock worth $61,000 after purchasing an additional 1,010 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of Cars.com during the fourth quarter valued at $132,000. Hedge funds and other institutional investors own 89.15% of the company's stock.

Insider Transactions at Cars.com

In other Cars.com news, insider Matthew B. Crawford sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.77, for a total transaction of $176,550.00. Following the completion of the transaction, the insider directly owned 98,461 shares of the company's stock, valued at approximately $1,158,885.97. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.39% of the company's stock.

Wall Street Analysts Forecast Growth

CARS has been the topic of several research reports. Zacks Research upgraded Cars.com from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Wall Street Zen lowered Cars.com from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. B. Riley restated a "buy" rating and set a $22.00 price target (up previously from $21.00) on shares of Cars.com in a research note on Friday, August 8th. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. upgraded 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $17.30.

Cars.com Stock Up 0.3%

NYSE CARS traded up $0.04 during trading on Friday, hitting $13.08. The company's stock had a trading volume of 609,157 shares, compared to its average volume of 965,286. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $803.39 million, a PE ratio of 21.09 and a beta of 1.76. The business's 50 day simple moving average is $12.60 and its 200-day simple moving average is $12.05. Cars.com Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $20.47.

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

Cars.com Profile

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.