Dynamic Technology Lab Private Ltd Has $377,000 Stake in Cars.com Inc. (NYSE:CARS)

Dynamic Technology Lab Private Ltd trimmed its stake in Cars.com Inc. (NYSE:CARS) by 64.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,783 shares of the company’s stock after selling 40,026 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Cars.com were worth $377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CARS. Smartleaf Asset Management LLC grew its stake in shares of Cars.com by 193.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after buying an additional 1,079 shares during the period. KBC Group NV grew its stake in shares of Cars.com by 68.2% in 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 during the period. Parkside Financial Bank & Trust grew its stake in shares of Cars.com by 41.7% in the 4th 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 period. Principal Securities Inc. grew its stake in shares of Cars.com by 22.1% in the 4th quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock valued at $152,000 after buying an additional 1,592 shares during the period. Finally, Vestcor Inc acquired a new stake in shares of Cars.com in the 4th quarter valued at about $156,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Cars.com Stock Up 8.3 %

CARS opened at $11.70 on Thursday. The stock has a market cap of $747.01 million, a PE ratio of 20.17 and a beta of 1.92. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com Inc. has a 52 week low of $9.87 and a 52 week high of $21.24. The business’s fifty day simple moving average is $13.57 and its 200 day simple moving average is $16.12.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CARS. DA Davidson dropped their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.90.

Cars.com 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.