First Trust Advisors LP Has $1.95 Million Stock Holdings in Cars.com Inc. (NYSE:CARS)

First Trust Advisors LP trimmed its position in Cars.com Inc. (NYSE:CARS - Free Report) by 53.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,271 shares of the company's stock after selling 127,227 shares during the quarter. First Trust Advisors LP owned 0.17% of Cars.com worth $1,946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARS. Smartleaf Asset Management LLC grew its holdings in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock worth $29,000 after acquiring an additional 1,079 shares during the period. Sterling Capital Management LLC raised its position in Cars.com by 813.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock valued at $37,000 after buying an additional 1,878 shares during the last quarter. KBC Group NV lifted its position in shares of Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company's stock worth $67,000 after purchasing an additional 1,575 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Cars.com by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock worth $89,000 after buying an additional 1,516 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Cars.com by 22.1% during the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company's stock worth $152,000 after acquiring an additional 1,592 shares in the last quarter. 89.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CARS. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a research report on Tuesday, March 4th. UBS Group reduced their target price on Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, DA Davidson decreased their price target on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.30.

Cars.com Trading Up 3.9%

Shares of Cars.com stock traded up $0.39 during trading on Friday, hitting $10.44. The company's stock had a trading volume of 1,819,934 shares, compared to its average volume of 633,018. The stock has a market cap of $663.23 million, a price-to-earnings ratio of 18.00 and a beta of 1.95. The stock has a 50-day moving average price of $11.46 and a two-hundred day moving average price of $15.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $21.24.

Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings data 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 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%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Equities research analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

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.