Boston Partners Has $55.02 Million Stock Holdings in Cars.com Inc. (NYSE:CARS)

Boston Partners lifted its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,178,426 shares of the company's stock after purchasing an additional 655,518 shares during the quarter. Boston Partners owned 4.91% of Cars.com worth $55,021,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Cars.com by 1.7% during the third quarter. FMR LLC now owns 9,902,561 shares of the company's stock worth $165,967,000 after purchasing an additional 162,692 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Cars.com by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company's stock worth $44,350,000 after buying an additional 65,210 shares in the last quarter. State Street Corp lifted its position in shares of Cars.com by 0.6% during the 3rd quarter. State Street Corp now owns 2,419,422 shares of the company's stock worth $40,550,000 after buying an additional 15,038 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cars.com by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company's stock valued at $24,513,000 after buying an additional 6,021 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Cars.com by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 834,851 shares of the company's stock valued at $14,468,000 after acquiring an additional 30,368 shares during the last quarter. Institutional investors own 89.15% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CARS. JPMorgan Chase & Co. dropped their target price on shares of Cars.com from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Barrington Research reissued an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Finally, DA Davidson cut their target price on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Cars.com presently has a consensus rating of "Moderate Buy" and an average price target of $20.50.

Cars.com Trading Up 5.8 %

Shares of NYSE:CARS traded up $0.68 during midday trading on Monday, hitting $12.32. 968,413 shares of the stock were exchanged, compared to its average volume of 544,578. The business's 50-day moving average price is $15.48 and its 200 day moving average price is $16.76. The stock has a market capitalization of $786.53 million, a price-to-earnings ratio of 21.24 and a beta of 2.16. Cars.com Inc. has a 12 month low of $10.80 and a 12 month 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.

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.