40,275 Shares in Cars.com Inc. $CARS Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired a new position in Cars.com Inc. by purchasing 40,275 shares valued at about $454,000, representing 0.06% ownership of the company.
• Analysts have set varying price targets for Cars.com, with B. Riley increasing their target to **$22.00**, while UBS Group lowered theirs to **$11.00**, reflecting differing outlooks on the stock's performance.
• Cars.com reported an EPS of **$0.41** for the last quarter, missing analyst expectations of **$0.45**, and experienced a slight revenue decline compared to the same quarter last year.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cars.com Inc. (NYSE:CARS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,275 shares of the company's stock, valued at approximately $454,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Cars.com as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in CARS. Wells Fargo & Company MN boosted its position in shares of Cars.com by 26.4% during the 4th quarter. Wells Fargo & Company MN now owns 39,423 shares of the company's stock worth $683,000 after purchasing an additional 8,237 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Cars.com by 17.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 351,438 shares of the company's stock worth $6,090,000 after purchasing an additional 51,933 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cars.com during the 4th quarter worth $226,000. Sterling Capital Management LLC boosted its position in shares of Cars.com by 813.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock worth $37,000 after purchasing an additional 1,878 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Cars.com by 6.2% during the 4th quarter. Barclays PLC now owns 114,848 shares of the company's stock worth $1,990,000 after purchasing an additional 6,671 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CARS shares. 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 research report on Thursday, July 17th. UBS Group decreased their price objective on shares of Cars.com from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a research report on Thursday. Wall Street Zen lowered shares of Cars.com from a "buy" rating to a "hold" rating in a research report on Friday. Finally, B. Riley reiterated a "buy" rating and issued a $22.00 price objective (up from $21.00) on shares of Cars.com in a research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.30.

Insider Transactions at Cars.com

In related news, insider Matthew B. Crawford sold 15,000 shares of the 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 sale, the insider owned 98,461 shares of the company's stock, valued at approximately $1,158,885.97. This represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.12% of the company's stock.

Cars.com Trading Down 1.7%

Shares of NYSE CARS traded down $0.2250 on Monday, reaching $13.0450. 13,566 shares of the company traded hands, compared to its average volume of 797,527. Cars.com Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $20.47. The company has a 50 day moving average of $12.36 and a 200 day moving average of $12.16. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $801.48 million, a PE ratio of 21.05 and a beta of 1.76.

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