Cwm LLC Purchases 1,372 Shares of Cars.com Inc. (NYSE:CARS)

Cwm LLC grew its position in shares of Cars.com Inc. (NYSE:CARS) by 62.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,569 shares of the company’s stock after acquiring an additional 1,372 shares during the period. Cwm LLC’s holdings in Cars.com were worth $60,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CARS. Price T Rowe Associates Inc. MD increased its position in shares of Cars.com by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock valued at $757,000 after buying an additional 2,692 shares during the period. American Century Companies Inc. increased 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 valued at $21,252,000 after buying an additional 175,094 shares during the period. Vanguard Group Inc. increased its position in shares of Cars.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock valued at $123,983,000 after buying an additional 81,645 shares during the period. First Eagle Investment Management LLC increased its position in shares of Cars.com by 23.7% during the second quarter. First Eagle Investment Management LLC now owns 526,643 shares of the company’s stock valued at $10,375,000 after buying an additional 101,000 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Cars.com by 21.0% during the third quarter. Park Avenue Securities LLC now owns 15,496 shares of the company’s stock valued at $260,000 after buying an additional 2,694 shares during the period. 89.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Cars.com from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $19.00 in a research report on Friday, August 9th. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Friday, August 23rd. UBS Group cut their price objective on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, B. Riley cut their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Cars.com Trading Down 0.1 %

Shares of NYSE CARS opened at $15.75 on Monday. The firm’s 50 day moving average price is $16.88 and its 200-day moving average price is $17.98. The company has a market cap of $1.04 billion, a PE ratio of 10.03 and a beta of 2.11. Cars.com Inc. has a 52-week low of $14.82 and a 52-week high of $21.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.53 and a current ratio of 1.53.

Cars.com (NYSE:CARS) last issued its earnings results on Thursday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.06). The firm had revenue of $178.89 million during the quarter, compared to the consensus estimate of $181.51 million. Cars.com had a return on equity of 6.70% and a net margin of 3.51%. On average, equities research analysts expect that Cars.com Inc. will post 1.22 EPS for the current fiscal year.

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.