Assetmark Inc. Purchases 5,461 Shares of Cars.com Inc. (NYSE:CARS)

Assetmark Inc. lifted its stake in shares of Cars.com Inc. (NYSE:CARS) by 11.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 54,410 shares of the company’s stock after acquiring an additional 5,461 shares during the period. Assetmark Inc. owned approximately 0.08% of Cars.com worth $912,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CARS. Vanguard Group Inc. boosted its stake in shares of Cars.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock valued at $123,983,000 after purchasing an additional 81,645 shares in the last quarter. Boston Partners increased its stake in shares of Cars.com by 25.0% in the first quarter. Boston Partners now owns 2,153,942 shares of the company’s stock worth $36,972,000 after purchasing an additional 430,654 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Cars.com by 19.4% during the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after acquiring an additional 175,094 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Cars.com by 50.3% during the first quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock worth $10,573,000 after acquiring an additional 205,871 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Cars.com by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 596,327 shares of the company’s stock worth $11,748,000 after acquiring an additional 20,463 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CARS. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Wednesday. B. Riley cut their target price 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. JPMorgan Chase & Co. raised their price target on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group lifted their target price on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

Cars.com Stock Up 0.1 %

Shares of NYSE:CARS opened at $18.72 on Friday. The firm’s 50-day moving average is $16.75 and its two-hundred day moving average is $18.04. 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 1 year low of $15.05 and a 1 year high of $21.24. The firm has a market capitalization of $1.21 billion, a PE ratio of 32.09 and a beta of 2.10.

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.