Cars.com Inc. $CARS is Villanova Investment Management Co LLC's 7th Largest Position

Key Points

• Villanova Investment Management Co LLC has sold 129,536 shares of Cars.com, decreasing its stake by 57.7% to 94,928 shares, representing 3.0% of its investment portfolio.
• Insider Matthew B. Crawford sold 15,000 shares at an average price of $11.77, which reduced his position by 13.22%.
• Cars.com reported a quarterly EPS of $0.41, missing analysts' expectations by $0.04, with revenues down 0.1% year-over-year at $178.74 million.

Villanova Investment Management Co LLC decreased its holdings in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 57.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,928 shares of the company's stock after selling 129,536 shares during the period. Cars.com comprises approximately 3.0% of Villanova Investment Management Co LLC's holdings, making the stock its 7th largest position. Villanova Investment Management Co LLC owned about 0.15% of Cars.com worth $1,070,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CARS. Northern Trust Corp grew its position in shares of Cars.com by 17.6% during the 4th quarter. Northern Trust Corp now owns 804,640 shares of the company's stock valued at $13,944,000 after acquiring an additional 120,331 shares during the period. Ameriprise Financial Inc. grew its position in shares of Cars.com by 56.4% during the 4th quarter. Ameriprise Financial Inc. now owns 282,874 shares of the company's stock valued at $4,902,000 after acquiring an additional 102,015 shares during the period. Bank of America Corp DE grew its position in shares of Cars.com by 32.5% during the 4th quarter. Bank of America Corp DE now owns 165,796 shares of the company's stock valued at $2,873,000 after acquiring an additional 40,633 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Cars.com during the 4th quarter valued at $1,036,000. Finally, Deutsche Bank AG lifted its stake in shares of Cars.com by 46.3% during the 4th quarter. Deutsche Bank AG now owns 59,442 shares of the company's stock valued at $1,030,000 after buying an additional 18,799 shares in the last quarter. Institutional investors own 89.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Cars.com in a research note 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 target price on the stock in a research note on Thursday, July 17th. Zacks Research upgraded shares of Cars.com from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. UBS Group lowered their target price on shares of Cars.com from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Finally, Wall Street Zen cut shares of Cars.com from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Cars.com presently has an average rating of "Buy" and an average price target of $17.30.

Insider Buying and Selling

In related news, insider Matthew B. Crawford sold 15,000 shares of Cars.com stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.77, for a total value of $176,550.00. Following the completion of the transaction, the insider owned 98,461 shares in the company, valued at approximately $1,158,885.97. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.39% of the company's stock.

Cars.com Price Performance

CARS stock traded up $0.06 during mid-day trading on Tuesday, hitting $13.53. The company had a trading volume of 270,897 shares, compared to its average volume of 785,051. The company has a market capitalization of $831.23 million, a price-to-earnings ratio of 21.87 and a beta of 1.78. Cars.com Inc. has a 12-month low of $9.56 and a 12-month high of $20.47. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $12.91 and a 200 day moving average price of $11.82.

Cars.com (NYSE:CARS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Cars.com had a return on equity of 17.43% and a net margin of 5.71%.The company had revenue of $178.74 million during the quarter, compared to analysts' expectations of $179.43 million. During the same quarter in the previous year, the firm earned $0.38 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts anticipate that Cars.com Inc. will post 1.19 earnings per share for the current year.

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.