Lee Danner & Bass Inc. Takes $433,000 Position in Cars.com Inc. $CARS

Lee Danner & Bass Inc. acquired a new stake in Cars.com Inc. (NYSE:CARS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 53,333 shares of the company’s stock, valued at approximately $433,000.

Other large investors have also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in Cars.com by 122.8% during the 1st quarter. Royal Bank of Canada now owns 29,655 shares of the company’s stock worth $334,000 after purchasing an additional 16,347 shares during the period. AQR Capital Management LLC grew its position in shares of Cars.com by 23.4% during the 1st quarter. AQR Capital Management LLC now owns 33,860 shares of the company’s stock worth $382,000 after buying an additional 6,416 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Cars.com by 19.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,251 shares of the company’s stock worth $2,730,000 after buying an additional 39,561 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cars.com by 62.3% during the second quarter. JPMorgan Chase & Co. now owns 218,358 shares of the company’s stock valued at $2,588,000 after buying an additional 83,848 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Cars.com by 4.8% in the second quarter. Invesco Ltd. now owns 223,879 shares of the company’s stock valued at $2,653,000 after acquiring an additional 10,276 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Trading Down 0.1%

Shares of NYSE CARS opened at $11.31 on Monday. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97. The business has a fifty day moving average price of $10.30 and a 200 day moving average price of $10.44. The stock has a market capitalization of $632.17 million, a P/E ratio of 26.30 and a beta of 1.59. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.87 and a quick ratio of 1.87.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $180.22 million during the quarter, compared to analysts’ expectations of $180.16 million. Cars.com had a net margin of 3.73% and a return on equity of 18.12%. Cars.com’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Equities research analysts expect that Cars.com Inc. will post 1.59 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sonia Jain sold 52,579 shares of Cars.com stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.56, for a total value of $502,655.24. Following the transaction, the chief financial officer owned 346,854 shares of the company’s stock, valued at $3,315,924.24. The trade was a 13.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cars.com in a research note on Monday, June 29th. BTIG Research boosted their price target on shares of Cars.com from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. B. Riley Financial downgraded shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Friday, May 8th. Finally, DA Davidson reissued a “buy” rating and set a $13.00 price objective on shares of Cars.com in a report on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.67.

Cars.com Company Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.