Royce & Associates LP lowered its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 430,391 shares of the company's stock after selling 195,101 shares during the quarter. Royce & Associates LP owned about 0.66% of Cars.com worth $7,459,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Cars.com in the 4th quarter valued at approximately $186,000. Natixis Advisors LLC purchased a new position in Cars.com in the 4th quarter valued at $262,000. Vestcor Inc acquired a new position in Cars.com in the 4th quarter valued at $156,000. Farther Finance Advisors LLC increased its stake 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 valued at $211,000 after buying an additional 11,575 shares during the period. Finally, AlphaQuest LLC raised its position in Cars.com by 1,850,800.0% during 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 during the last quarter. Institutional investors and hedge funds own 89.15% of the company's stock.
Cars.com Price Performance
Shares of Cars.com stock traded up $0.21 on Friday, hitting $11.61. The company's stock had a trading volume of 2,722,746 shares, compared to its average volume of 542,891. 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 capitalization of $741.39 million, a P/E ratio of 20.02 and a beta of 2.16. The firm has a fifty day moving average price of $15.48 and a 200-day moving average price of $16.77. Cars.com Inc. has a 52-week low of $10.80 and a 52-week high of $21.24.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CARS shares. DA Davidson cut their price target 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. JPMorgan Chase & Co. reduced their target price on Cars.com from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Cars.com has a consensus rating of "Moderate Buy" and an average price target of $20.50.
View Our Latest Report on CARS
About Cars.com
(
Free Report)
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.
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