54,368 Shares in Cars.com Inc. (NYSE:CARS) Purchased by Man Group plc

Man Group plc acquired a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 54,368 shares of the company's stock, valued at approximately $942,000. Man Group plc owned about 0.08% of Cars.com as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CARS. Smartleaf Asset Management LLC raised its holdings in shares of Cars.com by 193.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock valued at $29,000 after purchasing an additional 1,079 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Cars.com by 813.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock valued at $37,000 after purchasing an additional 1,878 shares during the last quarter. Quarry LP raised its holdings in shares of Cars.com by 184.5% during the fourth quarter. Quarry LP now owns 3,476 shares of the company's stock valued at $60,000 after purchasing an additional 2,254 shares during the last quarter. KBC Group NV raised its holdings in shares of Cars.com by 68.2% during the fourth quarter. KBC Group NV now owns 3,885 shares of the company's stock valued at $67,000 after purchasing an additional 1,575 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Cars.com by 41.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock valued at $89,000 after purchasing an additional 1,516 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cars.com

In related news, CEO Thomas Alex Vetter bought 27,870 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $10.75 per share, for a total transaction of $299,602.50. Following the completion of the transaction, the chief executive officer now owns 844,897 shares in the company, valued at $9,082,642.75. The trade was a 3.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.39% of the company's stock.

Cars.com Stock Performance

CARS stock traded down $0.07 during midday trading on Thursday, reaching $10.15. 81,225 shares of the company's stock traded hands, compared to its average volume of 643,684. Cars.com Inc. has a 52-week low of $9.56 and a 52-week high of $21.24. The stock has a market cap of $645.06 million, a P/E ratio of 17.49 and a beta of 1.95. 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 stock's 50-day moving average is $11.20 and its 200 day moving average is $14.90.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm had revenue of $179.02 million during 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%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. As a group, analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current year.

Analyst Upgrades and Downgrades

CARS has been the subject of several research reports. UBS Group decreased their price objective on shares of Cars.com from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, May 9th. DA Davidson reduced their target price on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a report on Friday, February 28th. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.30.

Cars.com Company 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.