Dynamic Technology Lab Private Ltd Increases Stake in Cars.com Inc. (NYSE:CARS)

Dynamic Technology Lab Private Ltd grew its position in Cars.com Inc. (NYSE:CARS - Free Report) by 304.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,809 shares of the company's stock after purchasing an additional 46,515 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.10% of Cars.com worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cars.com in the second quarter worth approximately $38,000. CWM LLC boosted its position in shares of Cars.com by 253.2% in 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 period. Advisors Asset Management Inc. boosted its position in shares of Cars.com by 145.2% in 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 during the period. MQS Management LLC bought a new position in shares of Cars.com in the third quarter worth approximately $171,000. Finally, Point72 DIFC Ltd bought a new position in shares of Cars.com during the second quarter worth $180,000. 89.15% of the stock is currently owned by institutional investors.

Cars.com Price Performance

CARS stock traded up $0.04 during trading on Thursday, hitting $19.70. 443,242 shares of the company's stock traded hands, compared to its average volume of 488,231. Cars.com Inc. has a 52 week low of $15.05 and a 52 week 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 business has a fifty day simple moving average of $17.02 and a 200 day simple moving average of $18.16. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 33.97 and a beta of 2.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CARS. B. Riley dropped their target price on shares of Cars.com from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, August 9th. UBS Group upped their target price on shares of Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Cars.com from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Cars.com in a research report on Wednesday, November 13th.

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.