Cars.com Inc. (NYSE:CARS) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in Cars.com Inc. (NYSE:CARS - Free Report) by 62,357.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,493,932 shares of the company's stock after purchasing an additional 2,489,939 shares during the period. Pacer Advisors Inc. owned approximately 3.78% of Cars.com worth $41,798,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CARS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cars.com during the 2nd quarter valued at approximately $38,000. CWM LLC raised its holdings in Cars.com by 253.2% during the second quarter. CWM LLC now owns 2,197 shares of the company's stock worth $43,000 after purchasing an additional 1,575 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Cars.com by 145.2% during the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company's stock worth $53,000 after purchasing an additional 1,864 shares in the last quarter. MQS Management LLC acquired a new stake in Cars.com in the third quarter valued at $171,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Cars.com during the 2nd quarter worth $180,000. Hedge funds and other institutional investors own 89.15% of the company's stock.

Cars.com Trading Up 4.7 %

Shares of CARS stock traded up $0.86 during mid-day trading on Friday, hitting $19.33. 832,765 shares of the company's stock were exchanged, compared to its average volume of 488,051. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 33.33 and a beta of 2.10. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $21.24. The stock has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $18.11.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CARS shares. JPMorgan Chase & Co. raised their target price on shares of Cars.com from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a research note on Wednesday, November 13th. UBS Group raised their price target on Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, B. Riley reduced their price objective on Cars.com from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, August 9th.

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.