257,382 Shares in Cars.com Inc. (NYSE:CARS) Bought by Intrinsic Edge Capital Management LLC

Intrinsic Edge Capital Management LLC bought a new position in Cars.com Inc. (NYSE:CARS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 257,382 shares of the company's stock, valued at approximately $4,460,000. Intrinsic Edge Capital Management LLC owned 0.40% of Cars.com as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Boston Partners grew its holdings 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 acquiring an additional 655,518 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Cars.com by 609.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company's stock valued at $7,675,000 after purchasing an additional 380,439 shares during the last quarter. Villanova Investment Management Co LLC purchased a new position in Cars.com in the 4th quarter worth about $3,890,000. LPL Financial LLC bought a new position in Cars.com during the fourth quarter valued at approximately $3,408,000. Finally, Trexquant Investment LP bought a new stake in shares of Cars.com in the fourth quarter worth $2,475,000. Hedge funds and other institutional investors own 89.15% of the company's stock.

Cars.com Trading Up 2.5 %

CARS traded up $0.30 during trading on Tuesday, hitting $12.12. 688,911 shares of the stock were exchanged, compared to its average volume of 614,665. Cars.com Inc. has a 1 year low of $9.87 and a 1 year high of $21.24. The firm has a 50 day simple moving average of $11.99 and a 200 day simple moving average of $15.70. The firm has a market cap of $769.64 million, a price-to-earnings ratio of 20.89 and a beta of 1.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. DA Davidson dropped their price objective on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a report on Friday, February 28th. UBS Group reduced their price target on shares of Cars.com from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have issued 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 $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.