MQS Management LLC Acquires New Holdings in Cars.com Inc. (NYSE:CARS)

MQS Management LLC purchased a new position in shares of Cars.com Inc. (NYSE:CARS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,188 shares of the company’s stock, valued at approximately $171,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Texas Permanent School Fund Corp raised its position in shares of 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 in the last quarter. ProShare Advisors LLC raised its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Cars.com by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,832 shares of the company’s stock worth $627,000 after buying an additional 1,101 shares in the last quarter. CWM LLC raised its position in shares of Cars.com by 62.4% during the 3rd quarter. CWM LLC now owns 3,569 shares of the company’s stock worth $60,000 after buying an additional 1,372 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of 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 in the last quarter. 89.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CARS. B. Riley dropped their price target on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group boosted their target price on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Cars.com Stock Performance

Cars.com stock opened at $18.72 on Friday. The firm’s 50 day simple moving average is $16.75 and its 200-day simple moving average is $18.04. The company has a market cap of $1.21 billion, a P/E ratio of 32.27 and a beta of 2.10. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. Cars.com Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $21.24.

About Cars.com

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.