Nuveen Asset Management LLC Decreases Stake in Cars.com Inc. (NYSE:CARS)

Nuveen Asset Management LLC lowered its holdings in Cars.com Inc. (NYSE:CARS - Free Report) by 40.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 256,523 shares of the company's stock after selling 175,901 shares during the quarter. Nuveen Asset Management LLC owned 0.40% of Cars.com worth $4,446,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Cars.com by 193.0% in the fourth 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 during the period. Sterling Capital Management LLC lifted its holdings in Cars.com by 813.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock valued at $37,000 after acquiring an additional 1,878 shares during the period. Quarry LP raised its stake in shares of Cars.com by 184.5% during the 4th quarter. Quarry LP now owns 3,476 shares of the company's stock worth $60,000 after buying an additional 2,254 shares during the last quarter. KBC Group NV raised its stake in shares of Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company's stock worth $67,000 after buying an additional 1,575 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Cars.com by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock worth $89,000 after buying an additional 1,516 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company's stock.

Cars.com Price Performance

CARS stock traded down $0.10 during trading on Monday, hitting $10.16. The stock had a trading volume of 603,615 shares, compared to its average volume of 647,477. The company's 50 day moving average price is $11.12 and its two-hundred day moving average price is $14.72. Cars.com Inc. has a 1-year low of $9.56 and a 1-year high of $21.24. The stock has a market cap of $645.13 million, a price-to-earnings ratio of 17.51 and a beta of 1.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $179.02 million during the quarter, compared to analysts' expectations of $179.82 million. Cars.com had a net margin of 5.46% and a return on equity of 9.99%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. On average, sell-side analysts forecast that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Cars.com

In other Cars.com news, CEO Thomas Alex Vetter purchased 27,870 shares of the stock in a transaction on Friday, May 9th. The stock was bought 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 directly owns 844,897 shares of the company's stock, valued at $9,082,642.75. This represents a 3.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.39% of the stock is owned by company insiders.

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.