Y Intercept Hong Kong Ltd Makes New Investment in Cars.com Inc. (NYSE:CARS)

Key Points

• Y Intercept Hong Kong Ltd acquired 49,471 shares of Cars.com, valued at approximately $558,000, representing about 0.08% of the company's stock as per their latest SEC filing.
• Institutional investors collectively own 89.15% of Cars.com, with Vanguard Group and Renaissance Technologies among those increasing their stakes in the fourth quarter.
• Analysts have mixed opinions on Cars.com, with a consensus rating of "Moderate Buy" and a target price of $18.30, despite shares recently trading lower at $13.39.

Y Intercept Hong Kong Ltd acquired a new position in shares of Cars.com Inc. (NYSE:CARS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 49,471 shares of the company's stock, valued at approximately $558,000. Y Intercept Hong Kong Ltd owned about 0.08% of Cars.com as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CARS. Vanguard Group Inc. raised its stake in shares of Cars.com by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company's stock worth $123,407,000 after purchasing an additional 115,083 shares during the last quarter. Dimensional Fund Advisors LP increased 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 during the period. Northern Trust Corp increased its holdings in 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 purchasing an additional 120,331 shares during the period. Renaissance Technologies LLC boosted its position in Cars.com by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 782,425 shares of the company's stock valued at $13,559,000 after acquiring an additional 130,325 shares in the last quarter. Finally, SG Capital Management LLC bought a new stake in shares of Cars.com in the 4th quarter worth approximately $10,908,000. Institutional investors own 89.15% of the company's stock.

Analyst Ratings Changes

CARS has been the subject of a number of research reports. UBS Group decreased their target price on shares of Cars.com from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. 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 research note on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.30.

Cars.com Trading Down 0.2%

Shares of Cars.com stock traded down $0.03 on Monday, hitting $13.39. 382,029 shares of the company traded hands, compared to its average volume of 679,133. The stock's 50 day moving average price is $11.43 and its 200-day moving average price is $12.87. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.93. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $21.24. The company has a market cap of $850.64 million, a PE ratio of 19.69 and a beta of 1.86.

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

Insider Transactions at Cars.com

In other Cars.com news, CEO Thomas Alex Vetter acquired 27,870 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $10.75 per share, with a total value of $299,602.50. Following the completion of the acquisition, the chief executive officer directly owned 844,897 shares in the company, valued at $9,082,642.75. This represents a 3.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.39% of the stock is currently owned by insiders.

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.