11,480 Shares in Cars.com Inc. $CARS Purchased by MQS Management LLC

MQS Management LLC acquired a new position in Cars.com Inc. (NYSE:CARS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,480 shares of the company’s stock, valued at approximately $136,000.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Cars.com by 10.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 923,314 shares of the company’s stock worth $10,406,000 after acquiring an additional 88,463 shares in the last quarter. Nordea Investment Management AB increased its position in Cars.com by 33.7% in the 2nd quarter. Nordea Investment Management AB now owns 557,299 shares of the company’s stock worth $6,626,000 after purchasing an additional 140,493 shares during the last quarter. Lord Abbett & CO. LLC increased its position in Cars.com by 16.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 413,769 shares of the company’s stock worth $4,663,000 after purchasing an additional 57,225 shares during the last quarter. LPL Financial LLC increased its position in Cars.com by 109.7% in the 1st quarter. LPL Financial LLC now owns 412,282 shares of the company’s stock worth $4,646,000 after purchasing an additional 215,651 shares during the last quarter. Finally, Trexquant Investment LP increased its position in Cars.com by 184.3% in the 1st quarter. Trexquant Investment LP now owns 405,947 shares of the company’s stock worth $4,575,000 after purchasing an additional 263,148 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cars.com

In other Cars.com news, insider Matthew B. Crawford sold 15,000 shares of Cars.com stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.77, for a total value of $176,550.00. Following the transaction, the insider directly owned 98,461 shares of the company’s stock, valued at $1,158,885.97. The trade was a 13.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.12% of the stock is owned by company insiders.

Cars.com Stock Performance

Shares of NYSE CARS opened at $11.00 on Wednesday. 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 firm has a market cap of $675.53 million, a price-to-earnings ratio of 17.73 and a beta of 1.76. The business’s 50-day simple moving average is $12.25 and its 200-day simple moving average is $11.85. 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 analyst estimates of $179.43 million. Cars.com had a net margin of 5.71% and a return on equity of 17.43%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. As a group, equities research analysts expect that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen lowered Cars.com from a “buy” rating to a “hold” rating in a research report on Saturday. 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. JPMorgan Chase & Co. upped their target price on Cars.com from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. UBS Group upped their target price on Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. 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, August 21st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Cars.com has a consensus rating of “Moderate Buy” and an average target price of $17.90.

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.