UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 38,421 Shares of Cars.com Inc. (NYSE:CARS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,690 shares of the company's stock after buying an additional 38,421 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of Cars.com worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CARS. Smartleaf Asset Management LLC boosted 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 worth $29,000 after purchasing an additional 1,079 shares in the last quarter. Sterling Capital Management LLC lifted its position 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 buying an additional 1,878 shares during the last quarter. Quarry LP boosted 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 acquiring an additional 2,254 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Cars.com during the 4th quarter worth about $61,000. Finally, KBC Group NV increased its holdings 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 valued at $67,000 after acquiring an additional 1,575 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Cars.com Stock Performance

NYSE:CARS traded up $0.20 during mid-day trading on Friday, hitting $10.39. 513,685 shares of the company's stock traded hands, compared to its average volume of 653,147. The firm has a market capitalization of $659.74 million, a price-to-earnings ratio of 17.91 and a beta of 1.83. The firm has a 50 day moving average of $10.99 and a two-hundred day moving average of $14.43. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com Inc. has a 12 month low of $9.56 and a 12 month high of $21.24.

Cars.com (NYSE:CARS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The business had revenue of $179.02 million for the quarter, compared to analyst estimates of $179.82 million. Cars.com had a return on equity of 9.99% and a net margin of 5.46%. 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 earnings per share. On average, equities analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Insider Activity at Cars.com

In other news, CEO Thomas Alex Vetter bought 27,870 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $10.75 per share, with a total value of $299,602.50. Following the completion of the transaction, the chief executive officer now directly owns 844,897 shares in the company, valued at $9,082,642.75. This represents a 3.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CARS. DA Davidson reduced their target price on 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 reissued an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced 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 note on Thursday, March 27th. Finally, UBS Group lowered their target price on shares of Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Cars.com has an average rating of "Moderate Buy" and a consensus price target of $18.30.

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.