Capula Management Ltd Buys Shares of 16,666 Cars.com Inc. (NYSE:CARS)

Capula Management Ltd purchased a new position in shares of Cars.com Inc. (NYSE:CARS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 16,666 shares of the company’s stock, valued at approximately $289,000.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB raised its position in Cars.com by 35.9% during the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock valued at $4,939,000 after acquiring an additional 74,133 shares in the last quarter. Villanova Investment Management Co LLC bought a new position in shares of Cars.com during the 4th quarter valued at $3,890,000. Smartleaf Asset Management LLC lifted its stake in shares of Cars.com by 193.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after purchasing an additional 1,079 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock worth $316,000 after purchasing an additional 6,855 shares in the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new position in Cars.com during the fourth quarter worth $1,081,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CARS has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price target on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, DA Davidson cut their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.90.

Cars.com Stock Performance

NYSE CARS opened at $10.80 on Tuesday. Cars.com Inc. has a twelve month low of $9.87 and a twelve month high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company’s 50-day simple moving average is $14.15 and its 200 day simple moving average is $16.29. The stock has a market cap of $689.23 million, a P/E ratio of 18.61 and a beta of 1.92.

Cars.com 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.