Dynamic Technology Lab Private Ltd Trims Stock Holdings in Cars.com Inc. (NYSE:CARS)

Dynamic Technology Lab Private Ltd lessened its position in Cars.com Inc. (NYSE:CARS - Free Report) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,783 shares of the company's stock after selling 40,026 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Cars.com were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Cars.com by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company's stock worth $123,407,000 after acquiring an additional 115,083 shares in the last quarter. Boston Partners grew its stake in Cars.com by 26.0% during the 4th quarter. Boston Partners now owns 3,178,426 shares of the company's stock worth $55,021,000 after purchasing an additional 655,518 shares in the last quarter. Pacer Advisors Inc. increased its holdings in 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 purchasing an additional 65,210 shares during the period. State Street Corp raised its position in Cars.com by 0.6% in the 3rd quarter. State Street Corp now owns 2,419,422 shares of the company's stock valued at $40,550,000 after purchasing an additional 15,038 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Cars.com by 0.4% in the 3rd 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 during the period. Institutional investors and hedge funds own 89.15% of the company's stock.

Cars.com Stock Down 0.6 %

Shares of NYSE CARS traded down $0.07 during mid-day trading on Tuesday, reaching $11.19. The company had a trading volume of 104,249 shares, compared to its average volume of 601,562. The firm has a 50 day simple moving average of $13.19 and a two-hundred day simple moving average of $16.00. Cars.com Inc. has a 52-week low of $9.87 and a 52-week high of $21.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market cap of $714.13 million, a P/E ratio of 19.28 and a beta of 1.92.

Analyst Upgrades and Downgrades

CARS has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Barrington Research restated an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. UBS Group lowered their target price on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, DA Davidson dropped 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Cars.com presently has an average rating of "Moderate Buy" and an average price target of $18.50.

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.