Fmr LLC Sells 191,671 Shares of Cars.com Inc. (NYSE:CARS)

FMR LLC lessened its holdings in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,710,890 shares of the company's stock after selling 191,671 shares during the quarter. FMR LLC owned approximately 15.00% of Cars.com worth $168,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Cars.com by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 236,850 shares of the company's stock worth $4,105,000 after acquiring an additional 827 shares during the period. BNP Paribas Financial Markets boosted its position in Cars.com by 8.0% during the third quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company's stock worth $244,000 after purchasing an additional 1,075 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 1,079 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Cars.com by 41.7% in the fourth 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 period. Finally, KBC Group NV lifted its stake in shares of Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company's stock worth $67,000 after buying an additional 1,575 shares during the last quarter. Institutional investors own 89.15% of the company's stock.

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Cars.com Price Performance

Shares of NYSE:CARS traded up $0.02 during trading on Tuesday, reaching $11.27. 709,497 shares of the company traded hands, compared to its average volume of 605,124. The firm has a market capitalization of $719.24 million, a PE ratio of 19.42 and a beta of 1.92. Cars.com Inc. has a 52 week low of $9.87 and a 52 week high of $21.24. 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's 50 day moving average is $13.06 and its two-hundred day moving average is $15.97.

Analysts Set New Price Targets

A number of brokerages recently commented on CARS. DA Davidson decreased their price target on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a research note on Friday, February 28th. UBS Group decreased their price objective on Cars.com from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Cars.com currently has an average rating of "Moderate Buy" and an average target price of $18.50.

Cars.com Company 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.