Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 32,095 Cars.com Inc. (NYSE:CARS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Cars.com, purchasing 32,095 shares valued at approximately $362,000, representing about 0.05% of the company.
• Cars.com reported a Q1 EPS of $0.37, missing analysts' expectations, and their revenue of $179.02 million was slightly below the forecast of $179.82 million.
• Analysts have mixed ratings for Cars.com, with JPMorgan upgrading the stock to "overweight" and setting a target price of $14.00, while UBS lowered its target from $13.00 to $12.00.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,095 shares of the company's stock, valued at approximately $362,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Cars.com at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. SG Capital Management LLC purchased a new stake in shares of Cars.com during the 4th quarter valued at about $10,908,000. Arrowstreet Capital Limited Partnership increased its position in shares of Cars.com by 609.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company's stock valued at $7,675,000 after purchasing an additional 380,439 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in Cars.com in the first quarter worth $3,273,000. Intrinsic Edge Capital Management LLC purchased a new position in Cars.com during the fourth quarter worth $4,460,000. Finally, LPL Financial LLC purchased a new stake in shares of Cars.com in the fourth quarter valued at $3,408,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Cars.com Stock Performance

Shares of NYSE CARS traded up $0.02 during midday trading on Tuesday, reaching $12.61. The company had a trading volume of 843,602 shares, compared to its average volume of 673,095. Cars.com Inc. has a 1 year low of $9.56 and a 1 year high of $20.47. The business's 50-day simple moving average is $11.73 and its 200 day simple moving average is $12.68. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.93. The stock has a market cap of $800.92 million, a P/E ratio of 18.54 and a beta of 1.76.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Cars.com had a net margin of 6.32% and a return on equity of 16.86%. The business had revenue of $179.02 million for the quarter, compared to analyst estimates of $179.82 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The business's revenue was down .7% on a year-over-year basis. On average, analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Insider Transactions at Cars.com

In related news, CEO Thomas Alex Vetter purchased 27,870 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $10.75 per share, with a total value of $299,602.50. Following the purchase, the chief executive officer owned 844,897 shares of the company's stock, valued at $9,082,642.75. This represents a 3.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

CARS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Cars.com from a "neutral" rating to an "overweight" rating and set a $14.00 price objective for the company in a report on Thursday, July 17th. 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.