Lighthouse Investment Partners 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 Form 13F filing with the Securities & Exchange Commission. The fund bought 98,323 shares of the company's stock, valued at approximately $1,704,000. Lighthouse Investment Partners LLC owned approximately 0.15% of Cars.com at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Cars.com by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company's stock worth $123,407,000 after acquiring an additional 115,083 shares in the last quarter. Boston Partners grew its holdings in shares of Cars.com by 26.0% during the fourth quarter. Boston Partners now owns 3,178,426 shares of the company's stock worth $55,021,000 after purchasing an additional 655,518 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cars.com by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company's stock worth $54,984,000 after purchasing an additional 55,143 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Cars.com by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company's stock worth $44,350,000 after purchasing an additional 65,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cars.com by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 834,851 shares of the company's stock worth $14,468,000 after purchasing an additional 30,368 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company's stock.
Cars.com Trading Up 0.8%
CARS stock traded up $0.09 during trading on Friday, hitting $10.95. The company had a trading volume of 719,024 shares, compared to its average volume of 638,416. The business has a 50-day moving average of $11.38 and a 200-day moving average of $15.25. Cars.com Inc. has a one year low of $9.56 and a one year high of $21.24. The stock has a market cap of $695.31 million, a PE ratio of 18.87 and a beta of 1.95. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.
Cars.com (NYSE:CARS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.37 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 company had revenue of $179.02 million during the quarter, compared to the consensus estimate of $179.82 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business's revenue was down .7% on a year-over-year basis. Research analysts predict that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.
Insider Buying and Selling at Cars.com
In other news, CEO Thomas Alex Vetter bought 27,870 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 844,897 shares of the company's stock, valued at $9,082,642.75. This trade represents a 3.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.12% of the company's stock.
Wall Street Analysts Forecast Growth
CARS has been the topic of several research reports. UBS Group reduced their price target on Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price target on Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. DA Davidson reduced their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Barrington Research reiterated an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.30.
Read Our Latest Stock Report on Cars.com
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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