LPL Financial LLC Invests $3.41 Million in Cars.com Inc. (NYSE:CARS)

LPL Financial LLC purchased a new stake in Cars.com Inc. (NYSE:CARS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 196,631 shares of the company's stock, valued at approximately $3,408,000. LPL Financial LLC owned about 0.30% of Cars.com as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CARS. KLP Kapitalforvaltning AS acquired a new stake in shares of Cars.com during the 4th quarter valued at about $251,000. Teacher Retirement System of Texas raised its holdings in Cars.com by 199.0% during the 4th quarter. Teacher Retirement System of Texas now owns 109,714 shares of the company's stock worth $1,901,000 after buying an additional 73,018 shares during the period. Boston Partners lifted its stake in Cars.com by 26.0% in the fourth quarter. Boston Partners now owns 3,178,426 shares of the company's stock valued at $55,021,000 after buying an additional 655,518 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Cars.com by 27.2% in the fourth quarter. Intech Investment Management LLC now owns 28,006 shares of the company's stock valued at $485,000 after buying an additional 5,989 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Cars.com during the fourth quarter worth $186,000. 89.15% of the stock is owned by institutional investors.

Cars.com Stock Performance

NYSE:CARS traded down $0.20 during mid-day trading on Wednesday, hitting $11.05. The stock had a trading volume of 380,523 shares, compared to its average volume of 755,853. Cars.com Inc. has a twelve month low of $9.87 and a twelve month high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $705.51 million, a price-to-earnings ratio of 19.05 and a beta of 1.92. The company's 50 day simple moving average is $13.06 and its 200 day simple moving average is $15.97.

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Wall Street Analyst Weigh In

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