Versor Investments LP Takes Position in Cars.com Inc. (NYSE:CARS)

Versor Investments LP acquired a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,200 shares of the company's stock, valued at approximately $456,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Cars.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company's stock worth $123,983,000 after purchasing an additional 81,645 shares during the last quarter. Boston Partners raised its position in shares of Cars.com by 25.0% in the 1st quarter. Boston Partners now owns 2,153,942 shares of the company's stock worth $36,972,000 after purchasing an additional 430,654 shares during the last quarter. American Century Companies Inc. increased its holdings in Cars.com by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company's stock worth $21,252,000 after buying an additional 175,094 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Cars.com by 50.3% in the 1st quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company's stock worth $10,573,000 after buying an additional 205,871 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Cars.com by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 596,327 shares of the company's stock worth $11,748,000 after buying an additional 20,463 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CARS shares. B. Riley reduced their price objective on Cars.com from $27.00 to $26.00 and set a "buy" rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on Cars.com from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. UBS Group lifted their price objective on Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research note on Wednesday.

Cars.com Trading Down 1.0 %

Cars.com stock opened at $18.70 on Friday. The business has a 50-day simple moving average of $16.73 and a two-hundred day simple moving average of $18.04. The company has a market cap of $1.21 billion, a P/E ratio of 32.24 and a beta of 2.10. Cars.com Inc. has a 52-week low of $15.05 and a 52-week 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.

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.