Teacher Retirement System of Texas Buys 73,018 Shares of Cars.com Inc. (NYSE:CARS)

Teacher Retirement System of Texas grew its stake in shares of Cars.com Inc. (NYSE:CARS - Free Report) by 199.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,714 shares of the company's stock after purchasing an additional 73,018 shares during the quarter. Teacher Retirement System of Texas owned about 0.17% of Cars.com worth $1,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in Cars.com by 1.7% during the third quarter. FMR LLC now owns 9,902,561 shares of the company's stock worth $165,967,000 after purchasing an additional 162,692 shares during the period. Boston Partners lifted its position in shares of 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 during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Cars.com by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company's stock worth $44,350,000 after acquiring an additional 65,210 shares during the period. State Street Corp increased its holdings in shares of Cars.com by 0.6% during the 3rd quarter. State Street Corp now owns 2,419,422 shares of the company's stock worth $40,550,000 after acquiring an additional 15,038 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Cars.com by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company's stock worth $24,513,000 after acquiring an additional 6,021 shares during the last quarter. Institutional investors own 89.15% of the company's stock.

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Cars.com Stock Performance

Shares of CARS traded up $0.01 during midday trading on Monday, reaching $11.31. 701,365 shares of the stock were exchanged, compared to its average volume of 573,463. The stock's 50 day simple moving average is $14.81 and its 200 day simple moving average is $16.53. The company has a market cap of $722.11 million, a P/E ratio of 19.50 and a beta of 2.16. Cars.com Inc. has a twelve month low of $10.80 and a twelve month high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Cars.com from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday. Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. Finally, DA Davidson decreased their price target 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.90.

Cars.com 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.