196,631 Shares in Cars.com Inc. (NYSE:CARS) Bought by LPL Financial LLC

LPL Financial LLC acquired a new position in Cars.com Inc. (NYSE:CARS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 196,631 shares of the company's stock, valued at approximately $3,408,000. LPL Financial LLC owned 0.30% of Cars.com as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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 valued at $55,021,000 after buying an additional 655,518 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Cars.com by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company's stock valued at $44,350,000 after purchasing an additional 65,210 shares during the last quarter. State Street Corp raised its stake in shares of Cars.com by 0.6% in the third quarter. State Street Corp now owns 2,419,422 shares of the company's stock worth $40,550,000 after purchasing an additional 15,038 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cars.com by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company's stock valued at $24,513,000 after purchasing an additional 6,021 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 valued at $14,468,000 after buying an additional 30,368 shares during the last quarter. Institutional investors own 89.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CARS shares. UBS Group dropped their target price on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective 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. DA Davidson dropped their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.50.

Cars.com Stock Performance

Shares of NYSE:CARS traded down $0.01 during mid-day trading on Thursday, reaching $11.14. 62,284 shares of the company traded hands, compared to its average volume of 751,231. The company's 50 day moving average price is $12.94 and its 200-day moving average price is $15.93. The firm has a market cap of $711.19 million, a PE ratio of 19.22 and a beta of 1.92. Cars.com Inc. has a 52 week low of $9.87 and a 52 week high of $21.24. 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 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.