Charles Schwab Investment Management Inc. Boosts Stock Holdings in Cars.com Inc. (NYSE:CARS)

Charles Schwab Investment Management Inc. grew its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 834,851 shares of the company's stock after purchasing an additional 30,368 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.29% of Cars.com worth $14,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of CARS. Smartleaf Asset Management LLC lifted its position in Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock valued at $29,000 after acquiring an additional 1,079 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Cars.com by 41.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock valued at $89,000 after purchasing an additional 1,516 shares during the last quarter. Versor Investments LP grew its stake in Cars.com by 59.3% during the 4th quarter. Versor Investments LP now owns 43,327 shares of the company's stock worth $751,000 after buying an additional 16,127 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Cars.com by 9.0% in the fourth quarter. Truist Financial Corp now owns 53,381 shares of the company's stock valued at $925,000 after acquiring an additional 4,387 shares during the period. Finally, Principal Financial Group Inc. grew its position in Cars.com by 0.9% during the 4th quarter. Principal Financial Group Inc. now owns 289,182 shares of the company's stock worth $5,012,000 after purchasing an additional 2,522 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company's stock.

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Cars.com Trading Up 5.8 %

CARS traded up $0.68 during trading on Monday, hitting $12.32. The company's stock had a trading volume of 968,214 shares, compared to its average volume of 544,578. Cars.com Inc. has a twelve month low of $10.80 and a twelve month high of $21.24. The stock has a market cap of $786.53 million, a PE ratio of 21.24 and a beta of 2.16. The firm's 50 day moving average price is $15.48 and its 200-day moving average price is $16.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

Analyst Upgrades and Downgrades

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

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.