Cars.com Inc. (NYSE:CARS) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 670.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,478 shares of the company's stock after acquiring an additional 117,031 shares during the period. Two Sigma Investments LP owned 0.21% of Cars.com worth $2,331,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CARS. Smartleaf Asset Management LLC lifted its position in Cars.com by 193.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock worth $29,000 after buying an additional 1,079 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Cars.com by 813.0% in the fourth 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 during the last quarter. Quarry LP increased its position in Cars.com by 184.5% during the 4th 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 period. Point72 Asset Management L.P. bought a new position in Cars.com in the fourth quarter worth about $61,000. Finally, KBC Group NV lifted its stake in shares of Cars.com by 68.2% in the 4th 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 period. Institutional investors own 89.15% of the company's stock.

Insider Activity

In related news, CEO Thomas Alex Vetter acquired 27,870 shares of the business's stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $10.75 per share, with a total value of $299,602.50. Following the completion of the transaction, the chief executive officer now owns 844,897 shares of the company's stock, 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 can be accessed through this hyperlink. Corporate insiders own 2.39% of the company's stock.

Analysts Set New Price Targets

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

Cars.com Stock Performance

NYSE:CARS traded down $0.10 during trading hours on Monday, hitting $10.16. 603,615 shares of the company were exchanged, compared to its average volume of 647,477. The company's 50 day moving average price is $11.12 and its 200-day moving average price is $14.72. Cars.com Inc. has a 52-week low of $9.56 and a 52-week high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $645.13 million, a price-to-earnings ratio of 17.51 and a beta of 1.95.

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

About Cars.com

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.