1 week Ago By ABMN Staff
Great Lakes Advisors LLC trimmed its position in Cars.com Inc. ( NYSE:CARS – Free Report ) by 4.
8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,248 shares of the company’s stock after selling 12,417 shares during the period. Great Lakes Advisors LLC’s holdings in Cars.
com were worth $4,890,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Cars.
com during the 1st quarter valued at about $28,000. CWM LLC boosted its holdings in Cars.com by 253.
2% during the second quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after buying an additional 1,575 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in Cars.
com by 23.3% during the first quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock worth $175,000 after buying an additional 1,922 shares in the last quarter.
Park Avenue Securities LLC acquired a new position in Cars.com in the first quarter worth approximately $177,000. Finally, Hancock Whitney Corp bought a new position in shares of Cars.
com in the first quarter valued at $184,000. 89.15% of the stock is owned by institutional investors.
Analysts Set New Price Targets CARS has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut Cars.
com from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $19.00 in a report on Friday, August 9th.
UBS Group decreased their price target on Cars.com from $20.00 to $19.
00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Cars.
com in a report on Friday, August 23rd. Finally, B. Riley decreased their target price on shares of Cars.
com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th.
Insider Transactions at Cars.com In related news, CEO Thomas Alex Vetter sold 17,674 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $19.
23, for a total transaction of $339,871.02. Following the transaction, the chief executive officer now directly owns 598,934 shares of the company’s stock, valued at $11,517,500.
82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . 2.
12% of the stock is owned by insiders. Cars.com Price Performance CARS opened at $17.
34 on Monday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 11.
04 and a beta of 2.11. The stock has a fifty day moving average of $18.
48 and a 200-day moving average of $18.23. The company has a quick ratio of 1.
53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95.
Cars.com Inc. has a 12-month low of $14.
82 and a 12-month high of $21.24. Cars.
com ( NYSE:CARS – Get Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
35 by ($0.06). Cars.
com had a return on equity of 6.70% and a net margin of 3.51%.
The business had revenue of $178.89 million during the quarter, compared to analysts’ expectations of $181.51 million.
Equities analysts forecast that Cars.com Inc. will post 1.
22 EPS for the current fiscal year. Cars.com Company 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. Featured Stories Want to see what other hedge funds are holding CARS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Cars.com Inc. ( NYSE:CARS – Free Report ).
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