1 week Ago By Defense World Staff
Corebridge Financial Inc. lessened its holdings in shares of Cars.com Inc.
(NYSE:CARS – Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,843 shares of the company’s stock after selling 2,759 shares during the period.
Corebridge Financial Inc. owned 0.05% of Cars.
com worth $604,000 as of its most recent SEC filing. Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Cars.
com by 193.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after purchasing an additional 1,079 shares during the last quarter.
KBC Group NV increased its position in Cars.com by 68.2% during the 4th quarter.
KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after buying an additional 1,575 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Cars.com by 41.
7% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock valued at $89,000 after buying an additional 1,516 shares during the last quarter. Principal Securities Inc.
boosted its holdings in 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 acquiring an additional 1,592 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in shares of Cars.
com in the fourth quarter worth $156,000. Institutional investors own 89.15% of the company’s stock.
Cars.com Price PerformanceCARS opened at $10.80 on Tuesday.
The company’s 50-day simple moving average is $14.15 and its two-hundred day simple moving average is $16.29.
The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.
79. The stock has a market capitalization of $689.23 million, a P/E ratio of 18.
61 and a beta of 1.92. Cars.
com Inc. has a 52-week low of $9.87 and a 52-week high of $21.
24. Wall Street Analyst Weigh InSeveral equities analysts have recently issued reports on CARS shares. 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. DA Davidson decreased their target price on shares of Cars.
com from $21.00 to $14.50 and set a “buy” rating for the company in a report on Friday, February 28th.
Finally, JPMorgan Chase & Co. cut their price target 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company.
According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.90.
Check Out Our Latest Research Report on Cars.comCars.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.See AlsoFive stocks we like better than Cars.
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