GSA Capital Partners LLP Invests $1.22 Million in Cars.com Inc. (NYSE:CARS)

GSA Capital Partners LLP purchased a new position in shares of Cars.com Inc. (NYSE:CARS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 72,908 shares of the company's stock, valued at approximately $1,222,000. GSA Capital Partners LLP owned approximately 0.11% of Cars.com at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CARS. Boston Partners lifted its position in Cars.com by 25.0% during the 1st quarter. Boston Partners now owns 2,153,942 shares of the company's stock worth $36,972,000 after buying an additional 430,654 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Cars.com by 94.2% during the 1st quarter. First Eagle Investment Management LLC now owns 425,643 shares of the company's stock worth $7,313,000 after buying an additional 206,415 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Cars.com by 50.3% during 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. American Century Companies Inc. lifted its position in Cars.com by 19.4% during 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. Finally, Cubist Systematic Strategies LLC acquired a new position in Cars.com during the 2nd quarter worth about $2,843,000. Institutional investors and hedge funds own 89.15% of the company's stock.

Cars.com Stock Up 0.1 %

NYSE CARS traded up $0.02 during trading hours on Friday, reaching $18.72. 429,567 shares of the company's stock were exchanged, compared to its average volume of 482,608. The company's 50-day moving average is $16.75 and its two-hundred day moving average is $18.04. Cars.com Inc. has a one year low of $15.05 and a one year high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 32.09 and a beta of 2.10.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CARS shares. UBS Group boosted 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. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research note on Wednesday. B. Riley lowered their price target on Cars.com from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price target on Cars.com from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, November 8th.

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.