Voloridge Investment Management LLC acquired a new stake in Cars.com Inc. (NYSE:CARS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Intrinsic Edge Capital Management LLC bought a new position in shares of Cars.com in the fourth quarter valued at approximately $4,460,000. Villanova Investment Management Co LLC bought a new stake in shares of Cars.com in the 4th quarter worth approximately $3,890,000. Dimensional Fund Advisors LP lifted its holdings in shares of Cars.com by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock worth $54,984,000 after acquiring an additional 55,143 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of Cars.com in the fourth quarter worth $1,081,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Cars.com by 56.4% in the fourth quarter. Ameriprise Financial Inc. now owns 282,874 shares of the company's stock worth $4,902,000 after buying an additional 102,015 shares during the period. Hedge funds and other institutional investors own 89.15% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. UBS Group reduced 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 report on Friday, May 9th. Barrington Research reiterated an "outperform" rating and set a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price target on 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, DA Davidson decreased their target price 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.30.
Read Our Latest Analysis on CARS
Cars.com Price Performance
Shares of CARS traded up $0.11 during trading hours on Friday, hitting $10.26. 665,991 shares of the stock were exchanged, compared to its average volume of 647,464. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a 12-month low of $9.56 and a 12-month high of $21.24. The company has a market cap of $651.80 million, a price-to-earnings ratio of 17.69 and a beta of 1.95. The stock's 50-day moving average price is $11.15 and its two-hundred day moving average price is $14.84.
Cars.com (NYSE:CARS - Get Free Report) last posted 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). The firm 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%. Cars.com's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Research analysts expect that Cars.com Inc. will post 1.19 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Thomas Alex Vetter acquired 27,870 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $10.75 per share, for a total transaction of $299,602.50. Following the transaction, the chief executive officer now owns 844,897 shares in the company, valued at $9,082,642.75. This trade represents a 3.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.39% of the stock is currently owned by company insiders.
About Cars.com
(
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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