629,414 Shares in Cars.com Inc. (NYSE:CARS) Purchased by SG Capital Management LLC

SG Capital Management LLC bought a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 629,414 shares of the company's stock, valued at approximately $10,908,000. Cars.com makes up 1.1% of SG Capital Management LLC's holdings, making the stock its 25th largest position. SG Capital Management LLC owned 0.97% of Cars.com as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners lifted its stake in shares of Cars.com by 26.0% in the fourth quarter. Boston Partners now owns 3,178,426 shares of the company's stock worth $55,021,000 after buying an additional 655,518 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Cars.com by 609.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company's stock valued at $7,675,000 after purchasing an additional 380,439 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Cars.com in the fourth quarter worth $4,460,000. Villanova Investment Management Co LLC purchased a new position in shares of Cars.com in the fourth quarter worth $3,890,000. Finally, LPL Financial LLC bought a new position in shares of Cars.com during the fourth quarter valued at $3,408,000. 89.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cars.com

In related news, CEO Thomas Alex Vetter purchased 27,870 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $10.75 per share, for a total transaction of $299,602.50. Following the completion of the transaction, the chief executive officer now owns 844,897 shares in the company, valued at approximately $9,082,642.75. The trade was a 3.41% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.39% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CARS shares. 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 research note on Friday, May 9th. DA Davidson cut their price objective on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a report on Friday, February 28th. Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price target on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.30.

Cars.com Price Performance

Cars.com stock traded down $0.41 during mid-day trading on Wednesday, hitting $10.25. The stock had a trading volume of 206,680 shares, compared to its average volume of 640,144. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm's 50 day moving average is $11.35 and its 200 day moving average is $15.18. The firm has a market capitalization of $651.16 million, a P/E ratio of 17.66 and a beta of 1.95. Cars.com Inc. has a one year low of $9.56 and a one year high of $21.24.

Cars.com (NYSE:CARS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). Cars.com had a return on equity of 9.99% and a net margin of 5.46%. The business had revenue of $179.02 million during the quarter, compared to the consensus estimate of $179.82 million. During the same period last year, the company earned $0.43 EPS. The business's revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Cars.com Company 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.