Cars.com Inc. (NYSE:CARS) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 583,143 shares of the company's stock after selling 49,500 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.90% of Cars.com worth $10,106,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CARS. Vestcor Inc bought a new position in Cars.com in the 4th quarter worth approximately $156,000. Farther Finance Advisors LLC grew its holdings in Cars.com by 1,870.0% in the 4th quarter. Farther Finance Advisors LLC now owns 12,194 shares of the company's stock worth $211,000 after buying an additional 11,575 shares in the last quarter. AlphaQuest LLC grew its holdings in Cars.com by 1,850,800.0% in the 4th quarter. AlphaQuest LLC now owns 18,509 shares of the company's stock worth $321,000 after buying an additional 18,508 shares in the last quarter. Amundi grew its holdings in Cars.com by 164.1% in the 4th quarter. Amundi now owns 29,353 shares of the company's stock worth $495,000 after buying an additional 18,240 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Cars.com in the 4th quarter worth approximately $226,000. 89.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on 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 reaffirmed an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research note on Tuesday, March 4th. Finally, DA Davidson decreased their price target on Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

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Cars.com Price Performance

NYSE CARS traded up $0.20 on Wednesday, reaching $11.47. 1,200,673 shares of the stock traded hands, compared to its average volume of 536,642. The firm's fifty day simple moving average is $15.80 and its 200 day simple moving average is $16.89. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a market cap of $732.45 million, a price-to-earnings ratio of 19.78 and a beta of 2.16. Cars.com Inc. has a 12 month low of $10.71 and a 12 month high of $21.24.

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.