Nuveen LLC Takes $2.83 Million Position in Cars.com Inc. $CARS

Key Points

• Nuveen LLC has invested approximately $2.83 million in Cars.com Inc. by acquiring 251,285 shares, representing about 0.40% of the company as of its latest SEC filing.
• Cars.com reported $0.41 earnings per share for the recent quarter, missing analysts' expectations, with revenue also falling short of predictions at $178.74 million.
• Institutional investors now own 89.15% of Cars.com's stock, indicating significant interest and involvement from major financial entities in the company's performance.

Nuveen LLC acquired a new position in shares of Cars.com Inc. (NYSE:CARS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 251,285 shares of the company's stock, valued at approximately $2,832,000. Nuveen LLC owned about 0.40% of Cars.com at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cars.com by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,974 shares of the company's stock worth $970,000 after purchasing an additional 587 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Cars.com by 22.9% during the 1st 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 last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Cars.com by 16.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,838 shares of the company's stock worth $133,000 after purchasing an additional 1,710 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Cars.com by 7.2% during the 4th quarter. Benjamin Edwards Inc. now owns 26,436 shares of the company's stock worth $458,000 after purchasing an additional 1,772 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Cars.com by 5.1% in the 4th quarter. MetLife Investment Management LLC now owns 40,450 shares of the company's stock valued at $701,000 after acquiring an additional 1,976 shares during the last quarter. 89.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CARS has been the topic of a number of analyst reports. Zacks Research upgraded shares of Cars.com from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research report on Thursday, August 21st. JPMorgan Chase & Co. upgraded shares of Cars.com from a "neutral" rating to an "overweight" rating and set a $14.00 price target on the stock in a research report on Thursday, July 17th. UBS Group cut their price target 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. Finally, B. Riley reiterated a "buy" rating and issued a $22.00 price target (up from $21.00) on shares of Cars.com in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $17.30.

Cars.com Stock Up 0.3%

Shares of CARS traded up $0.04 during mid-day trading on Monday, hitting $13.08. 609,157 shares of the company's stock were exchanged, compared to its average volume of 961,383. The company has a market cap of $803.45 million, a PE ratio of 21.09 and a beta of 1.78. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $20.47. The company has a 50-day simple moving average of $12.60 and a 200 day simple moving average of $12.01. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.82 and a quick ratio of 1.82.

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 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%.Cars.com's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. On average, research analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Cars.com

In other 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 $1,158,885.97. This trade represents a 13.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.39% of the stock is owned by corporate 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.