62,370 Shares in Cars.com Inc. (NYSE:CARS) Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC purchased a new stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,370 shares of the company's stock, valued at approximately $1,081,000. Integrated Quantitative Investments LLC owned about 0.10% of Cars.com at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Cars.com by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company's stock worth $123,407,000 after purchasing an additional 115,083 shares during the last quarter. Boston Partners grew its position in shares of 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 buying an additional 655,518 shares during the period. Pacer Advisors Inc. raised its stake in shares of Cars.com by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company's stock worth $44,350,000 after buying an additional 65,210 shares during the last quarter. State Street Corp lifted its holdings in Cars.com by 0.6% in the third quarter. State Street Corp now owns 2,419,422 shares of the company's stock valued at $40,550,000 after buying an additional 15,038 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Cars.com by 0.4% in the third 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.

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Wall Street Analysts Forecast Growth

Several analysts have commented on CARS shares. Barrington Research reiterated an "outperform" rating and set a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective 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, DA Davidson reduced their price objective 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.90.

Cars.com Stock Up 0.7 %

Shares of NYSE:CARS traded up $0.08 during trading on Monday, hitting $10.80. 1,936,202 shares of the company's stock traded hands, compared to its average volume of 587,311. 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 company has a 50-day moving average price of $14.29 and a 200-day moving average price of $16.34. Cars.com Inc. has a 52 week low of $9.87 and a 52 week high of $21.24. The company has a market cap of $689.23 million, a price-to-earnings ratio of 18.61 and a beta of 1.92.

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.