59,775 Shares in Cars.com Inc. (NYSE:CARS) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in shares of Cars.com Inc. (NYSE:CARS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,775 shares of the company’s stock, valued at approximately $1,036,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Cars.com at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARS. Barclays PLC raised its position in Cars.com by 340.9% during the third quarter. Barclays PLC now owns 108,177 shares of the company’s stock worth $1,813,000 after acquiring an additional 83,642 shares in the last quarter. Park Avenue Securities LLC raised its position in Cars.com by 16.2% during the fourth quarter. Park Avenue Securities LLC now owns 18,002 shares of the company’s stock worth $312,000 after acquiring an additional 2,506 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Cars.com by 60.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock worth $316,000 after acquiring an additional 6,855 shares in the last quarter. SG Americas Securities LLC raised its position in Cars.com by 74.2% during the fourth quarter. SG Americas Securities LLC now owns 11,942 shares of the company’s stock worth $207,000 after acquiring an additional 5,086 shares in the last quarter. Finally, KBC Group NV raised its position in Cars.com by 68.2% during the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after acquiring an additional 1,575 shares in the last quarter. 89.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cars.com news, CEO Thomas Alex Vetter purchased 27,870 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $10.75 per share, with a total value of $299,602.50. Following the completion of the transaction, the chief executive officer now owns 844,897 shares in the company, valued at $9,082,642.75. The trade was a 3.41% increase in their ownership of the stock. The purchase 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.

Analysts Set New Price Targets

Several analysts have issued reports on CARS shares. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. UBS Group dropped their price target on shares of Cars.com from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 9th. 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. Finally, DA Davidson cut their target price on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.30.

Cars.com Stock Performance

NYSE CARS opened at $11.36 on Wednesday. The firm has a 50-day moving average of $11.43 and a 200-day moving average of $15.36. 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 cap of $721.68 million, a PE ratio of 19.59 and a beta of 1.95. Cars.com Inc. has a 52-week low of $9.56 and a 52-week high of $21.24.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $179.02 million for the quarter, compared to analyst estimates of $179.82 million. Cars.com had a return on equity of 9.99% and a net margin of 5.46%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. On average, sell-side analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current year.

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.