River Road Asset Management LLC cut its holdings in shares of Cars.com Inc. (NYSE:CARS) by 73.1% during the 1st quarter, HoldingsChannel reports. The fund owned 136,511 shares of the company’s stock after selling 371,610 shares during the period. River Road Asset Management LLC’s holdings in Cars.com were worth $3,112,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Quantamental Technologies LLC purchased a new position in shares of Cars.com during the fourth quarter valued at about $28,000. Bessemer Group Inc. purchased a new position in shares of Cars.com during the fourth quarter valued at about $36,000. Covington Capital Management increased its position in shares of Cars.com by 1,267.5% during the fourth quarter. Covington Capital Management now owns 2,735 shares of the company’s stock valued at $59,000 after buying an additional 2,535 shares during the period. Edge Wealth Management LLC purchased a new position in shares of Cars.com during the first quarter valued at about $69,000. Finally, First Mercantile Trust Co. purchased a new position in shares of Cars.com during the fourth quarter valued at about $88,000.
CARS has been the topic of several research analyst reports. Barrington Research reiterated a “buy” rating on shares of Cars.com in a research report on Tuesday, March 5th. BTIG Research raised shares of Cars.com from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 22nd. Craig Hallum raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $25.75 price objective for the company in a research note on Thursday, January 17th. DA Davidson set a $31.00 target price on shares of Cars.com and gave the company a “buy” rating in a research note on Wednesday, January 16th. Finally, ValuEngine raised shares of Cars.com from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Cars.com has an average rating of “Hold” and a consensus target price of $28.42.
Shares of NYSE:CARS opened at $22.08 on Friday. Cars.com Inc. has a 52 week low of $19.74 and a 52 week high of $32.94. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 2.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.39 and a quick ratio of 1.39.
Cars.com (NYSE:CARS) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Cars.com had a return on equity of 7.78% and a net margin of 5.86%. The business had revenue of $164.35 million during the quarter, compared to analysts’ expectations of $166.49 million. As a group, research analysts expect that Cars.com Inc. will post 1.64 EPS for the current fiscal year.
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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.
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