Joel Isaacson & Co. LLC Acquires New Stake in Cars.com Inc. (NYSE:CARS)

Joel Isaacson & Co. LLC bought a new position in shares of Cars.com Inc. (NYSE:CARS) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 26,745 shares of the company’s stock, valued at approximately $448,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CARS. Park Avenue Securities LLC acquired a new stake in shares of Cars.com in the first quarter valued at approximately $177,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Cars.com by 30.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,907 shares of the company’s stock worth $1,056,000 after buying an additional 13,526 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Cars.com by 3.9% during the 1st quarter. BNP Paribas Financial Markets now owns 61,314 shares of the company’s stock worth $1,053,000 after buying an additional 2,308 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Cars.com by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 53,906 shares of the company’s stock valued at $926,000 after acquiring an additional 698 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Cars.com in the first quarter valued at about $28,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CARS. JPMorgan Chase & Co. lowered Cars.com from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $19.00 in a research report on Friday, August 9th. UBS Group dropped their price target on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research report on Friday, August 23rd. Finally, B. Riley dropped their target price 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 %

CARS stock opened at $15.75 on Friday. Cars.com Inc. has a one year low of $14.82 and a one year high of $21.24. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 10.03 and a beta of 2.11. The company has a fifty day moving average price of $16.88 and a two-hundred day moving average price of $17.98. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.53.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, August 8th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). The company had revenue of $178.89 million for 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%. Equities analysts anticipate that Cars.com Inc. will post 1.22 EPS for the current year.

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.