Vanguard Group Inc. Raises Position in Cars.com Inc. (NYSE:CARS)

Vanguard Group Inc. boosted its holdings in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,121,007 shares of the company's stock after acquiring an additional 115,083 shares during the quarter. Vanguard Group Inc. owned 11.00% of Cars.com worth $123,407,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in shares of Cars.com by 8.0% during the third quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company's stock worth $244,000 after purchasing an additional 1,075 shares during the period. Stifel Financial Corp lifted its stake in shares of Cars.com by 22.3% in the 3rd quarter. Stifel Financial Corp now owns 66,064 shares of the company's stock valued at $1,107,000 after purchasing an additional 12,043 shares during the period. State Street Corp lifted its stake in Cars.com by 0.6% in the third quarter. State Street Corp now owns 2,419,422 shares of the company's stock valued at $40,550,000 after buying an additional 15,038 shares during the period. Jane Street Group LLC boosted its stake in Cars.com by 20.1% during the third quarter. Jane Street Group LLC now owns 207,352 shares of the company's stock worth $3,475,000 after acquiring an additional 34,666 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Cars.com by 17.5% in the third quarter. MML Investors Services LLC now owns 67,905 shares of the company's stock valued at $1,138,000 after buying an additional 10,137 shares in the last quarter. 89.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. UBS Group cut their target price on Cars.com from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday. DA Davidson lowered their price target on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Cars.com currently has an average rating of "Moderate Buy" and an average price target of $18.50.

Cars.com Stock Performance

Shares of CARS stock traded down $0.06 during trading on Friday, hitting $11.28. The company's stock had a trading volume of 877,766 shares, compared to its average volume of 600,686. 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 company has a market cap of $720.00 million, a PE ratio of 19.44 and a beta of 1.92. The business has a fifty day moving average of $13.31 and a 200-day moving average of $16.04. Cars.com Inc. has a 52 week low of $9.87 and a 52 week high of $21.24.

About Cars.com

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.