Cars.com Inc. (NYSE:CARS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 389,462 shares of the company's stock after selling 49,298 shares during the period. Russell Investments Group Ltd. owned about 0.60% of Cars.com worth $6,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock valued at $29,000 after acquiring an additional 1,079 shares during the period. KBC Group NV lifted its holdings in Cars.com by 68.2% during the fourth quarter. KBC Group NV now owns 3,885 shares of the company's stock valued at $67,000 after purchasing an additional 1,575 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock worth $89,000 after purchasing an additional 1,516 shares during the period. Principal Securities Inc. increased its stake in shares of Cars.com by 22.1% in the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company's stock worth $152,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of Cars.com during the 4th quarter valued at $156,000. 89.15% of the stock is owned by institutional investors.

Cars.com Stock Up 1.3 %

Cars.com stock traded up $0.15 during mid-day trading on Friday, reaching $11.30. 500,355 shares of the company were exchanged, compared to its average volume of 609,460. Cars.com Inc. has a 12-month low of $9.87 and a 12-month high of $21.24. The business has a fifty day moving average of $12.69 and a 200 day moving average of $15.86. The firm has a market cap of $721.15 million, a P/E ratio of 19.47 and a beta of 1.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CARS shares. Barrington Research reissued an "outperform" rating and set a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. UBS Group cut their target price on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, DA Davidson reduced 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.50.

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.