10,456 Shares in Cars.com Inc. (NYSE:CARS) Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new position in shares of Cars.com Inc. (NYSE:CARS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,456 shares of the company’s stock, valued at approximately $181,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CARS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cars.com by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,974 shares of the company’s stock valued at $970,000 after acquiring an additional 587 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cars.com by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 236,850 shares of the company’s stock valued at $4,105,000 after acquiring an additional 827 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after acquiring an additional 1,079 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock valued at $89,000 after acquiring an additional 1,516 shares during the period. Finally, KBC Group NV lifted its holdings in Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after acquiring an additional 1,575 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Trading Down 4.8%

Shares of CARS stock opened at $10.15 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $644.56 million, a price-to-earnings ratio of 17.49 and a beta of 1.95. The stock has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $15.14. Cars.com Inc. has a 1-year low of $9.56 and a 1-year high of $21.24.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business 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 company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. On average, equities research analysts expect that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas Alex Vetter purchased 27,870 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $10.75 per share, for a total transaction of $299,602.50. Following the completion of the transaction, the chief executive officer now owns 844,897 shares of the company’s stock, valued at $9,082,642.75. This trade represents a 3.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.39% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on CARS. JPMorgan Chase & Co. decreased their price target on Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. UBS Group decreased their price target on Cars.com from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 9th. DA Davidson decreased their price target on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.30.

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.