SG Capital Management LLC bought a new position in Cars.com Inc. (NYSE:CARS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 629,414 shares of the company's stock, valued at approximately $10,908,000. Cars.com accounts for 1.1% of SG Capital Management LLC's investment portfolio, making the stock its 25th largest holding. SG Capital Management LLC owned approximately 0.97% of Cars.com as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in Cars.com during the 4th quarter worth about $61,000. ProShare Advisors LLC raised its holdings in Cars.com by 44.6% in the 4th quarter. ProShare Advisors LLC now owns 19,723 shares of the company's stock valued at $342,000 after acquiring an additional 6,085 shares during the period. Man Group plc bought a new position in Cars.com in the 4th quarter valued at about $942,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cars.com by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,974 shares of the company's stock worth $970,000 after purchasing an additional 587 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Cars.com by 7.0% during the fourth quarter. Lazard Asset Management LLC now owns 365,735 shares of the company's stock worth $6,338,000 after purchasing an additional 23,960 shares during the period. 89.15% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CARS has been the topic of several recent research reports. UBS Group lowered their target price on shares of Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. 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 research report on Friday, February 28th. 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, Barrington Research reiterated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Cars.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.30.
Check Out Our Latest Analysis on CARS
Insider Buying and Selling
In other Cars.com news, CEO Thomas Alex Vetter acquired 27,870 shares of Cars.com stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $10.75 per share, for a total transaction of $299,602.50. Following the completion of the acquisition, the chief executive officer now directly owns 844,897 shares of the company's stock, valued at $9,082,642.75. This represents a 3.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.12% of the stock is owned by insiders.
Cars.com Trading Up 0.8%
Shares of CARS stock traded up $0.09 during trading hours on Friday, hitting $10.95. 719,024 shares of the company's stock traded hands, compared to its average volume of 639,718. The stock's 50 day simple moving average is $11.38 and its 200 day simple moving average is $15.24. The stock has a market cap of $695.31 million, a PE ratio of 18.87 and a beta of 1.95. Cars.com Inc. has a 12 month low of $9.56 and a 12 month high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.
Cars.com (NYSE:CARS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (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 business had revenue of $179.02 million for the quarter, compared to the consensus estimate of $179.82 million. During the same period in the previous year, the business posted $0.43 EPS. Cars.com's revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current year.
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.
Further Reading
Before you consider Cars.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cars.com wasn't on the list.
While Cars.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
