3 days Ago By ABMN Staff
Los Angeles Capital Management LLC trimmed its holdings in shares of Cars.com Inc. ( NYSE:CARS – Free Report ) by 52.
0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,187 shares of the company’s stock after selling 15,350 shares during the period. Los Angeles Capital Management LLC’s holdings in Cars.
com were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors also recently bought and sold shares of the business. Texas Permanent School Fund Corp lifted its holdings in Cars.
com by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 53,906 shares of the company’s stock worth $926,000 after buying an additional 698 shares during the last quarter.
ProShare Advisors LLC lifted its holdings in Cars.com by 7.5% during the 1st quarter.
ProShare Advisors LLC now owns 13,307 shares of the company’s stock worth $229,000 after buying an additional 925 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Cars.
com by 0.3% during the 1st quarter. Lord Abbett & CO.
LLC now owns 487,540 shares of the company’s stock worth $8,376,000 after buying an additional 1,427 shares during the last quarter. CWM LLC lifted its holdings in Cars.com by 253.
2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after buying an additional 1,575 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Cars.
com by 8.7% during the 2nd quarter. TD Asset Management Inc now owns 19,900 shares of the company’s stock worth $392,000 after buying an additional 1,600 shares during the last quarter.
89.15% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of brokerages have issued reports on CARS.
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 report on Friday, August 9th. JPMorgan Chase & Co. cut Cars.
com from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $19.00 in a research report on Friday, August 9th.
Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research report on Friday, August 23rd.
Finally, B. Riley cut their target price on Cars.com from $27.
00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Cars.
com Stock Performance Shares of CARS stock opened at $17.65 on Monday. The stock has a market capitalization of $1.
17 billion, a PE ratio of 11.24 and a beta of 2.11.
Cars.com Inc. has a 52-week low of $14.
82 and a 52-week high of $21.24. The stock’s 50-day moving average price is $18.
30 and its 200 day moving average price is $18.20. 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 ( NYSE:CARS – Get Free Report ) last issued its quarterly earnings results 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).
The company had revenue of $178.89 million during the quarter, compared to analyst estimates of $181.51 million.
Cars.com had a net margin of 3.51% and a return on equity of 6.
70%. As a group, equities research analysts forecast that Cars.com Inc.
will post 1.22 EPS for the current year. Insiders Place Their Bets In other Cars.
com news, CEO Thomas Alex Vetter sold 17,674 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $19.23, for a total transaction of $339,871.
02. Following the transaction, the chief executive officer now owns 598,934 shares in the company, valued at approximately $11,517,500.82.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . 2.12% of the stock is currently owned by insiders.
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. See Also 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 ). Receive News & Ratings for Cars.
com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter .
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