EntryPoint Capital LLC Has $280,000 Stock Holdings in Cars.com Inc. $CARS

EntryPoint Capital LLC grew its holdings in Cars.com Inc. (NYSE:CARS) by 67.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,823 shares of the company’s stock after purchasing an additional 9,961 shares during the quarter. EntryPoint Capital LLC’s holdings in Cars.com were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in shares of Cars.com by 813.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,878 shares during the period. Quarry LP lifted its stake in shares of Cars.com by 184.5% in the 4th quarter. Quarry LP now owns 3,476 shares of the company’s stock valued at $60,000 after purchasing an additional 2,254 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Cars.com in the 4th quarter valued at about $61,000. GAMMA Investing LLC lifted its stake in shares of Cars.com by 624.9% in the 1st quarter. GAMMA Investing LLC now owns 4,690 shares of the company’s stock valued at $53,000 after purchasing an additional 4,043 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Cars.com by 22.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after purchasing an additional 1,010 shares during the period. 89.15% of the stock is owned by institutional investors and hedge funds.

Cars.com Stock Performance

Shares of CARS opened at $13.2590 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a 50 day moving average price of $12.36 and a two-hundred day moving average price of $12.24. The firm has a market capitalization of $814.63 million, a P/E ratio of 21.39 and a beta of 1.76. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $20.47.

Cars.com (NYSE:CARS) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $178.74 million for the quarter, compared to the consensus estimate of $179.43 million. Cars.com had a return on equity of 17.43% and a net margin of 5.71%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Equities analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $22.00 target price (up from $21.00) on shares of Cars.com in a research report on Friday, August 8th. Wall Street Zen lowered Cars.com from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. raised Cars.com from a “neutral” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Thursday, July 17th. UBS Group decreased their target price on Cars.com from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.30.

Insider Buying and Selling

In other Cars.com news, insider Matthew B. Crawford sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.77, for a total transaction of $176,550.00. Following the completion of the sale, the insider directly owned 98,461 shares of the company’s stock, valued at approximately $1,158,885.97. The trade was a 13.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.39% of the company’s stock.

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.