Voloridge Investment Management LLC bought a new position in shares of Cars.com Inc. (NYSE:CARS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 63,745 shares of the company's stock, valued at approximately $1,105,000. Voloridge Investment Management LLC owned approximately 0.10% of Cars.com at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Intrinsic Edge Capital Management LLC bought a new position in Cars.com in the 4th quarter worth approximately $4,460,000. Villanova Investment Management Co LLC bought a new stake in shares of Cars.com during the fourth quarter valued at approximately $3,890,000. Dimensional Fund Advisors LP lifted its holdings in shares of Cars.com by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock worth $54,984,000 after buying an additional 55,143 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Cars.com by 46.3% during the fourth quarter. Deutsche Bank AG now owns 59,442 shares of the company's stock worth $1,030,000 after acquiring an additional 18,799 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Cars.com by 56.4% during the fourth quarter. Ameriprise Financial Inc. now owns 282,874 shares of the company's stock worth $4,902,000 after acquiring an additional 102,015 shares during the last quarter. Institutional investors own 89.15% of the company's stock.
Insider Buying and Selling at Cars.com
In other news, CEO Thomas Alex Vetter acquired 27,870 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $10.75 per share, with a total value of $299,602.50. Following the completion of the purchase, the chief executive officer now directly owns 844,897 shares in the company, valued at approximately $9,082,642.75. This trade represents a 3.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.39% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. UBS Group reduced their price target on shares of Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. DA Davidson cut 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. Barrington Research reiterated an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. dropped their price target on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.30.
Check Out Our Latest Stock Report on Cars.com
Cars.com Price Performance
CARS stock traded down $0.10 during trading on Monday, hitting $10.16. 603,615 shares of the company's stock traded hands, compared to its average volume of 647,478. 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 quick ratio of 1.79 and a current ratio of 1.79. The business has a fifty day simple moving average of $11.07 and a 200 day simple moving average of $14.66. 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 announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) 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 business had revenue of $179.02 million for the quarter, compared to analysts' expectations of $179.82 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts expect that Cars.com Inc. will post 1.19 EPS for the current fiscal year.
Cars.com Profile
(
Free Report)
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.
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