Cars.com Inc. (NYSE:CARS) Stock Position Reduced by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 625,492 shares of the company's stock after selling 54,170 shares during the period. Royce & Associates LP owned about 0.95% of Cars.com worth $10,483,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Cars.com by 25.0% during the 1st quarter. Boston Partners now owns 2,153,942 shares of the company's stock valued at $36,972,000 after acquiring an additional 430,654 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Cars.com by 50.3% during the first quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company's stock worth $10,573,000 after purchasing an additional 205,871 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company's stock valued at $21,252,000 after buying an additional 175,094 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Cars.com during the 2nd quarter valued at about $2,843,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Cars.com by 163.6% during the 2nd quarter. Squarepoint Ops LLC now owns 45,820 shares of the company's stock valued at $903,000 after buying an additional 117,820 shares during the period. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CARS shares. JPMorgan Chase & Co. increased their price objective on shares of Cars.com from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Barrington Research reaffirmed an "outperform" rating and set a $25.00 price target on shares of Cars.com in a report on Wednesday. UBS Group boosted their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, B. Riley lowered their target price on Cars.com from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, August 9th.

Cars.com Stock Up 0.1 %

Shares of CARS stock traded up $0.02 during mid-day trading on Friday, reaching $18.72. 429,567 shares of the company were exchanged, compared to its average volume of 581,353. The company has a market capitalization of $1.21 billion, a P/E ratio of 32.28 and a beta of 2.10. The business's 50 day simple moving average is $16.78 and its 200 day simple moving average is $18.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $21.24.

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.