Zurcher Kantonalbank Zurich Cantonalbank Has $321,000 Stake in Cars.com Inc. (NYSE:CARS)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Cars.com Inc. (NYSE:CARS) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,943 shares of the company’s stock after selling 2,221 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cars.com were worth $321,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of Cars.com by 118.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock valued at $31,000 after acquiring an additional 896 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Cars.com in the third quarter valued at about $183,000. TD Asset Management Inc acquired a new position in Cars.com in the third quarter valued at about $191,000. MQS Management LLC bought a new position in Cars.com during the third quarter worth about $227,000. Finally, Olympiad Research LP acquired a new position in shares of Cars.com during the 3rd quarter worth about $240,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Douglas Neal Miller sold 1,823 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $18.50, for a total value of $33,725.50. Following the sale, the insider now directly owns 181,596 shares in the company, valued at $3,359,526. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas Alex Vetter sold 14,999 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $19.00, for a total transaction of $284,981.00. Following the completion of the transaction, the chief executive officer now owns 553,886 shares in the company, valued at $10,523,834. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total transaction of $33,725.50. Following the completion of the transaction, the insider now directly owns 181,596 shares of the company’s stock, valued at approximately $3,359,526. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,488 shares of company stock valued at $654,361. Company insiders own 2.12% of the company’s stock.

Cars.com Trading Up 1.1 %

NYSE:CARS opened at $17.09 on Friday. The business’s 50-day simple moving average is $17.19 and its 200-day simple moving average is $17.83. Cars.com Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $22.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $1.13 billion, a PE ratio of 9.88 and a beta of 2.05.

Cars.com (NYSE:CARS) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The company had revenue of $179.60 million during the quarter, compared to analyst estimates of $178.40 million. During the same quarter last year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Sell-side analysts expect that Cars.com Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.