Trexquant Investment LP Acquires New Shares in Cars.com Inc. (NYSE:CARS)

Trexquant Investment LP purchased a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 142,799 shares of the company's stock, valued at approximately $2,475,000. Trexquant Investment LP owned about 0.22% of Cars.com at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CARS. Smartleaf Asset Management LLC lifted its position in Cars.com by 193.0% during the fourth 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. KBC Group NV raised its holdings in shares of Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company's stock valued at $67,000 after buying an additional 1,575 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock worth $89,000 after buying an additional 1,516 shares in the last quarter. Principal Securities Inc. grew its position in Cars.com by 22.1% during the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company's stock valued at $152,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Vestcor Inc purchased a new position in shares of Cars.com during the fourth quarter worth approximately $156,000. Institutional investors own 89.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. DA Davidson lowered their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a research note on Friday, February 28th. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Finally, UBS Group cut their target price on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Cars.com Stock Down 0.6 %

Cars.com stock traded down $0.06 on Friday, hitting $11.28. 877,766 shares of the stock traded hands, compared to its average volume of 599,264. Cars.com Inc. has a 1 year low of $9.87 and a 1 year high of $21.24. The firm has a market cap of $720.00 million, a P/E ratio of 19.44 and a beta of 1.92. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The business's fifty day simple moving average is $13.31 and its 200 day simple moving average is $16.04.

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.